Although it is overextended, we have to consider the pop in Salesforce and its impact on TECL.
Silver is at the end of the symmetrical triangle. Likely resume bullish trend.
Are secular trends in demography and technology the ultimate drivers? Or just inflation?
Expect to churn in the short term. Watch the lower trend line for invalidation.
Likely move to the middle or bottom of bullish channel.
Selling has decelerated. Watch for the next lines of support over the next few weeks. We reached 18.8k much faster than I expected.
In the initial stages of the global equity bear market gold will sell-off. But then it is off to $2000 or more.
Easy debt over the last 11 years leaves many unprofitable companies today of going underwater.
We're still in a secular bull market, but bad things happen in the short term.