Here we are looking at a weekly chart of GLD over the last 15 years.
We can see that GLD saw a solid 7-year trend from 2005 through to 2012, which coincided with the 2008 financial crisis. It reached a peak of $180 and then proceeded to retrace around 40% down to a low of $100 in Jan 2016, which was when the markets were rocked with unfavourable Chinese...
The first warning signs that a market peak is near are now showing themselves.
On a Fundamental level, we have:
Rising interest rates (which precede a tightening in speNDING and Corporate profits, and make other assets more attractive).
An inverse yield curve (proportional to interest rates).
A ballooning balance sheet (Central banks have been buying equities...
