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PRECIOUS Decade: Metals, Stocks & the Long View


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Possible Top - Late July update: I said: "570 looks iike a good TARGET" : High so far was: 565.16

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SELLING WINDOW AHEAD in 2024?   SPY vs. GLD. SLV 

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SPY, from 2000, $544; "SPY-570 looks iike a good TARGET for a possible peak in the S&P500"kLmdAT6.gif
QQQ Below: 2023: SPY-2020:

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 I have been waiting for this Seasonal opportuniity. 

At the beginning of 2023 I said:  "STOCKS: BULLISH Set-up for 2023.." (SPX: 3,999, now 12.7% higher at 4,508. Ytd, QQQ is up 42.1% from 266 to 378.) Along the way, I resisted - rightly, it turns out - the temptation to get Bearish.  Because I thought stocks could hold uo until late AUG.  We are now in the Timeframe where it could make sense to Sell.  Ideally, the QQQ might continue to Rally to 400 or so.  Current level is 378. So that would be perhaps 6% higher.  It may not get that far, so STAY ALERT NOW. 

(Given that PSEI is well off its 2023 high of 7,138, Fri's close of 6,181 was -13.5% off that level.  It may make sense to hedge PSEI with QQQ or SPY puts since the downside in the US indices appears much bigger in a global stock market slide, if we see that.)

- from a post on my Viber market chat, 9.1.2023

VIX at 13.75 : 2023: 10d:  (12mo R: 11.81 to 30.81 )mwW8eXx.gif

VIX at 13.50 suggests the level of complacency is very high. And you will see level like that when SPX is putting in a Top

GLD (x), SLV (x) vs. HK2823 (xx)

s39jOLj.gif\IWM / Russell-2000 vs. SPX, TLT/ Bonds ... 2000: 2009:

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Edited  by webmasterWHY so many are still on the SIDELINES of the Gold Share market:

'Big Rally' (in Stock indices) Could Last Until May, Then Markets Turn 'Ugly' |

Chris Vermeulen/   He speaks what many seem to think:  "I don't want to touch miners until I see a strong Uptrend in Gold, and some strength in the sector, and we are not seeing that now."  >30 min >

 

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GDX.v.UGL >2020: 7/'22oct'17GDX-$26.66 UGL-$61.28= 43.5% /TLT-$93.9

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2020Oct'17:

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A near perfect set-up for Gold, a long term Cup&Handle.  But the breakout is not confirmed until Gold clear $2,070.

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 After $2,070, Wadsworth sees "Many hundreds of Dollars of price rise" in Gold.   Gold shares are also super cheap,  but typically outperform fro short periods like a year or so.  

Time : v.UGL: GLD, pct.:   GDX,  pct. :  GDXJ, pct.: JNUG, pct. :  Rgld,  Mult.: 
02.23: 61.28: 188.6, 3.1x: 26.66, 43.5% 32.32, 53%: 24.05, 39%: 106.8, 1.74x 
Ye’23: 63.87: 191.2, 3.0x:  31.01, 48.6% 37.91,  59%: 33.89, 53%: 121.0, 1.89x  
Ye’22: 55.27: 169.6, 3.1x: 28.66, 51.9%  35.65, 65%: 36.17,  65%: 112.7,  2.04x 
Ye’21: 59.81:  171.0, 2.9x: 32.03, 53.6%: 41.93, 70%: 64.13, 1.07x 105.2  1.76x 
Ye’20 68.20: 178.4, 2.6x: 36.02, 52.8%: 54.24, 80%: 120.6, 1.77x 106.4 1.56x 
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Michael Oliver may be Right... Quick move to GDX-$40...

GDX: Quick 20%+ GAIN if brk'out over $31? (says Michael Oliver)

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Precious Metals & Political Chaos: Gold, Silver & Changing World Order

 
 
===  RE SILVER / Someone commented on my chat:
 
" very interesting point about silver ...one of the speakers did research on possible suppression of silver price through JP Morgan and he found out that the suppression is being made by the Chinese through JPMorgan ...they want lower prices because of the use of silver by solera panels producers     additionally recently there has been exercise of deliveries on Comex by Indian companies as the Indian gov is subsidiazing the production of panels  "
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GOLD's DECADE?   

( It has taken some time, & patience to get here. Maybe the Golden Decade -for Gold Stocks- is about to start, but the time since the thread started has been pretty decent for Gold,):

Adam Hamilton: From a Cyclical Low to a Super Bull - Why This Could be Gold's Decade  >

 

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SET up for another Run?  After Silver broke out, and is correcting into summer

SLV/ Silver : 2010

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SLV (26.57) , GLD ($215 x10.8= $2,322), vs. US-SPY ($544), and China 50 (12.34)

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SIL ($31.19, 117% of SLV), etc./ SLV is 12.4%% of GLD; SIL is 84.1% of AGQ ($37.09)

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===

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SPY, from 2000, $544; "SPY-570 looks iike a good TARGET for a possible peak in the S&P500"kLmdAT6.gif

Options prices at jun.28.24:    $544, Vix12.44%

strike:  Dec24: Ja25: Apr25: Ja26 /  Dec24: Ja25: Apr25: Ja26: / 550c-550p x 
$600C $3.89: $5.18: 10.97:  30.40 / P 54.98: 54.98: 54.98: 56.86 /  
$570C 13.29:  15.56: 24.06: 46.43 / P 27.56: 28.52: 31.66: 40.38 /  
$550C 24.48: 26.94: 36.12: 58.58 / P 17.56:  18.86: 22.89: 32.42 / 
$500C 63.19:  65.07: 73.27: 93.18 / P $6.43: $7.45: 10.82:  19.04 / x 
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