FEAR OF INFLATION? Gold continues to RISE! HARD ASSETS (gold / silver) ARE CONSIDERED AN INFLATION HEDGE AGAINST SOFT ASSETS (stocks).
Stocks have been at ATHs and there are signs that tell me that the FED will come in to put the breaks on the economy. By doing so they will
start to raise interest rates soon. Rate spike = Bonds drop = yield spike = people invested in stocks decide to move their money into government guaranteed bonds with less risk but same return. GLD closed above its 9 ema. Which signals volatility is ahead of us in the INDEX market
(stocks). ALL OF THIS TOGETHER tells me that asset rotation is occurring and we may see some shift on money flow
rotation it will be fun to see how it all plays out. Keep an eye on Uncle Jerome Powell
Weekly chart is telling me to go long around $163. Target 1 at $171. Target 2 at $183 and have some runners for Target 3 at a new ATH and psychological round number of $200.