The Markets’ Expectations


This image ran by USA Today shows how quickly the general public assumes long-term changes in trend are at hand. The general headlines said the public lost confidence in the central banks. The public is losing confidence in everything and we should be off and running with the public to private asset shift when it moves to the political arena next year.

With the USA closed today, gold has fallen back to $1207 to retest the reversal it elected at $1209. Since we closed at 1239.40 (well above that number), you should return to retest it. There are still no indications that gold has reversed the trend. This is true also with the euro. As long as we hold 1164 in gold and 11070 in the euro on a closing basis, we have not reversed back down.

Latest Posts

Market Talk – June 8, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 272.47 points or -0.85% to 31,641.27 Shanghai increased 15.83 points or 0.49% to 3,213.59 Hang [...]
Read more

EU and WHO Plan Digital Vaccine Passports

The European Union and World Health Organization met in Geneva this week to discuss plans for “future pandemics.” Governments and global organizations still want to control the masses with forced [...]
Read more