The Most Important Gold Chart in 2024
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- Опубліковано 30 кві 2024
- Gold against the 60/40 portfolio is the most important Gold chart for 2024. I expect this chart to give a secular bull confirmation signal over the coming months. It’s end of April reversal prevented the signal at the close of the month.
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It's really important because when gold outperforms the 60/40 institutional investors will be forced to allocate money to gold which will be a huge tailwind for the market. They have less than 0.5% in gold so once they wake up the buying pressure will be enormous.
12k
I'll leave the waiting for confirmation to y'all. Liquidated my BTC and rolling into gold, silver, miners, commodities, energy and producers.
Very interesting that gold is holding somewhat inline compared to 60/40 portfolio over the last couple years. Hoping for a REAL breakout! ❤
You and me both!
Great chart, Jordan! I like your sober logic in your chart analysis. "Sober but hopeful" is how we should all approach the gold market.
Also, I appreciate you getting right to the point in your charts. I can give you a long list of UA-cam analysts and Podcast analysts who waste 10, 15 minutes or more with small-talk or personal BS. Thank you for not wasting my time.
Thank you for the comment Sean! Glad to hear that because I worry that I ramble on too much. I'm trying to keep it tight.
Great chart Jordan, thank you for sharing that with us
Just found your channel. Very happy about that😊. Thank you
Welcome!
I think there is another cup and handle formation YTD on the GDXU.
Awesome 😎, tks Jordan
Great analysis 👍🏿 👏🏿 👌🏿 Keep your powder dry 👍🏿
Jordan rules
If the 40 yr bond bull market ended in 2022, stocks are overvalued and gold is significantly under owned by institutions by any historic measure then I say yes the gold bull market will gain momentum next few years.
Best to get in before confirmation and DCA during chop
Fundamentals looking good for Gold.
And I always like more chart porn.
Interesting 🧐
it is going to break!
Up up up
So is this the last correction and possibly the last buying opportunity?
I've been holding back but maybe its time to go all in.
There will always be corrections in bull markets. This is as good of a time is any to be invested in this sector. Define your risk and don't be reckless. If you do that, you can be all in.
So bull market not confirmed now…
late this year or early next year it will happen... and i think the fed can squeeze out a few more years and get to to 27-28 before it goes bonkers
... at the latest.
I can't imagine the central banks allowing the stock markets to collapse.
Heard the same in 2007. Stocks did decline 35% in 2020 and 27% in 2022.
In 2000 everyone expected at most a 25% correction in the NASDAQ and said that the government wouldn't allow any more than that. In the end it was down 80% despite all the intervention.
@@martintheguitarist the real intervention came from the GFC on. The central banks have got the plunge protection to a fine art now
they will, when retail is fully in and they are short