Charts are great at predicting the past.
Its funny but its true. Who would buy a stock without seeing where its been? OK a really hard core purist might not look at a chart but lets just say it would seem reckless to me. While the past is apparently not connect to the future in markets and one who has ever caught a ball will tell you it helps to see the thing coming from the past towards you.
I have been calling Gold up for a couple of years now and readers will have caught Gold sub $2000 if they had been following my rants. It all kicked off because the charts shoulded at me, ‘geezer Im off on a tare.’
Its there to read if you care to go a-scrolling.
So now Im out of Gold and the stocks went today 3/19/26 because the chart looks ugly to me.
The recent spike up, was my cue to lower my gold exposure but it seemed to me Gold would go back on trand and sure enough it did. That was reassuring, off we go to $6000+
But whoah!
The trend just broke.
Now Im not saying Gold is doomed. It certainly looks in a nasty way, but this is drive by something and I can not say with any certainty and am left speculating that China is no longer in the mood for shenanigans with Tiawan next year. You can come up with all sorts of narratives but I actually don’t need to care.
Tere are many other opportunities brewing. The order of play was and is Gold, then Silver, then Copper then oil. Silver is over.
Now up next is copper.
Then eventually Oil, though you’d think that has already kicked off. However I say no this oil move is acute, not chronic and it’s the chronic move I care about.
Meanwhile Uranium probably kicks off soon enough.
We are in a new epoch, and now is a moment to get on the same page with this new reality.
That’s not going to be easy but as I try to navigate it, Ill keep you posted.