Loading ...Here he says:
“We cross that line moving beyond the point of no return where money pours into equities, not because of earnings, but because capital is fleeing from government and banks and it just needs a place to park.”
If all that money is fleeing to equities, why does the volume continue to decline???? Something does not compute!
Another thing I thought interesting was he uses $19,230 as support for the Dow. That’s an interesting number to me since if you remove a zero you get gold’s last high of $1923. Then he follows that up with a projected high for the Dow of $23,000. Again, if you remove a zero you get $2300 which many, including myself, thought/think would be the next short term top for gold.
It’s almost like he is giving some hidden messages/signals using the Dow as cover. Whatever, we all know I am kinda strange. LOL!!!