• 730 days Will The ECB Continue To Hike Rates?
  • 730 days Forbes: Aramco Remains Largest Company In The Middle East
  • 732 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,132 days Could Crypto Overtake Traditional Investment?
  • 1,137 days Americans Still Quitting Jobs At Record Pace
  • 1,139 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,142 days Is The Dollar Too Strong?
  • 1,142 days Big Tech Disappoints Investors on Earnings Calls
  • 1,143 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,145 days China Is Quietly Trying To Distance Itself From Russia
  • 1,145 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,149 days Crypto Investors Won Big In 2021
  • 1,149 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,150 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,152 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,153 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,156 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,157 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,157 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,159 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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