Netflix, for all its wild movements over its existence, has followed a surprisingly steady ascending channel.
With the U.S. dollar collapsing under its own weight, and breaking key support…….
A number of weeks ago, I noticed the triple-bullish-on-real-estate fund, shown below, was breaking out of a big base, only to reverse almost instantly. This failed bullish breakout confirmed my general suspicion that, even in this new-highs-every-day environment, real estate was at risk. Let’s face it, an industry dependent uon super-cheap money can’t thrive in an environment of escalating interest rates. Since that failed breakout, it has sunk hard.
With the US dollar continuing to lose value (just like it did all of 2017), gold, and gold’s miners, are likewise continuing to strengthen. One chart in particular that stood out for me this morning was Yamana Gold, symbol AUY: