Well. How about that, huh?
Having finished The Rise and Fall of the Third Reich a couple of weeks ago, I learned a thing or two about deception when it comes to countries in Europe doing their invasion-thang. What’s actually happening over there now, who knows, but what I can tell you is my “Buy Gold and Short Everything Else” philosophy seems to be working out quite nicely as of late.
I am typing this about half an hour before the opening bell (I often say that during tumultuous times, just in case the market is in a radically different place when you finally get the chance to read this post), but as of this tippity-typing on my keyboard, it certain seems that certain support levels are being threatened in the world of equities:
More exciting to me is that gold is doing. I excitedly ran around on February 11th, screeching about how, at long last, gold has overcome its August 6 2020 trendline, and since then, it’s been performing precisely, exactly, and absolutely what I’d want to see (which does NOT mean up every day – – as I’ve said both here and on tastytrade – – but in a CHART-FRIENDLY fashion, which means sometimes big down days, too).
I strongly believe that gold has been sending us a loud and clear message. Let’s be sure we hear it.
