• 721 days Will The ECB Continue To Hike Rates?
  • 721 days Forbes: Aramco Remains Largest Company In The Middle East
  • 723 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,123 days Could Crypto Overtake Traditional Investment?
  • 1,128 days Americans Still Quitting Jobs At Record Pace
  • 1,130 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,133 days Is The Dollar Too Strong?
  • 1,133 days Big Tech Disappoints Investors on Earnings Calls
  • 1,134 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,136 days China Is Quietly Trying To Distance Itself From Russia
  • 1,136 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,140 days Crypto Investors Won Big In 2021
  • 1,140 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,141 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,143 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,144 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,147 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,148 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,148 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,150 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Gold Bottom Buyers Beware!

Sorry to say (If you are a gold permabull), gold and gold stocks haven't bottomed yet. You will see starting Monday for the next few weeks (and probably months) gold and gold stocks will be going down.

The next few weeks will gut wrenching if you are long. By around January 28 I expect a short term bottom (not the final bottom) with maybe a two week rally. But with a series of higher lows and lower lows. By January 28, I expect GDXJ, GDX, andGLD, to retest their recent lows.

Also I don't expect a top in the US dollar until January 21. It will keep going higher until then, providing more headwind for gold and oil. However whatever top that is, I believe will be a major top for the dollar. Although I don't expect any major downside in the dollar for several months, starting June 15, the dollar will begin a severe and long lasting move lower.

The analysis is based on vedic financial astrology.

 

Back to homepage

Leave a comment

Leave a comment