Omicron COVID variant-possible strong rally-INDU & TRAN
(Kitco commentary) - As we've been watching the markets recoil away from risks related to the new Omicron COVID variant and other factors, one simple thought keeps running through my head.
Global markets-it's do-or-die time
(Kitco commentary) - Almost all of the US and global markets volatility has taken place over the last 6+ trading days. Even though economic data continues to show a strengthening US economy and jobs market, the news of the Omicron COVID variant has spooked the global markets.
Gold reaches 15-month flag apex
(Kitco commentary) - Since the start of the COVID-19 virus event, Gold has rallied more than +26% to reach highs near $2090 on August 7, 2020.
Gold price flag suggests a big rally may start soon
(Kitco commentary) - As precious metals traders have waited out this extended sideways/downward price contraction in price over the past 14+ months, a very broad Pennant/Flag price formation is nearing an APEX level which suggests Gold may begin a new rally phase over the next 60+ days.
Watch out as gold appears to be staging new momentum base in preparation for a big upside move
(Kitco commentary) - Although Gold has continued to drift downward after reaching a peak near $2089.20 in early August 2020, our Custom Gold Inverse Trending Index suggests this weakness has actually built a very strong momentum base - preparing for a big move higher.
After the FOMC - what's next?
(Kitco commentary) - I have received numerous emails and questions regarding the market's set up and what to expect after the Triple-Witching event (FOMC, Futures/Options expiration) last week.
VIX & SP500 Comparison of 2008 Market Top
Today I like to share my thoughts about the S&P 500 index, the volatility index, and what I believe will be the trigger/event which sends stock markets around the world to new multi-year lows.
Deutsche Bank to initiate the next financial crisis!
I am certain that you remember Lehman Brothers and the â??chaosâ? that it created when it â??failedâ??. If you think that the Worldsâ?? Central Banks are now wiser and consequently will not allow another similar event to occur, think again. We will not only see a repeat of this occurrence, again, but it will be exponentially larger than Lehmanâ??s was!
Gold and Silver are on the Cusp of a Massive Rally!
Gold and silver have more or less confirmed they have bottomed and are ready for a multi-year rally.
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