XAO 0.59% 8,703.1 all ordinaries

Short Term Trading Week Starting: 19 November 2018, page-10

  1. 1,211 Posts.
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    Yeah I'm not confident the FED will even rise interest rates in December..
    Also going by their recent "Dovish" comments I'm under the impression that we are already in a recession..


    It seems a lot of people have completely missed the macro picture here and that 'Peak growth' has already come and gone..

    If peak growth has already passed us then so have peak profits, peak share prices and also peak market indexes....


    Anyone who is holding out hope for the markets to go up if the FED stop raising interest rates and/or a "Trade War" resolution between the US & China have their priorities skewed and will be sorely disappointed...


    Fear is seeping into the market in the way of Gold

    Growth is out, Value/Gold is in
    USD down, Gold up


    Gold - Hourly Chart is setting up for a bull flag formation.

    Screen Shot 2018-11-19 at 7.28.59 am.png

    Golds flight to safety has already begun.

    46414975_196357447948755_1467713706568712192_n.jpg


    DCN, RSG, AMI, SBM are some great Gold producers.


    I wrote a post about why I believe Gold producers will be the only Gold stocks to benefit if we head into a market decline.
    https://hotcopper.com.au/posts/36248921/single
 
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