Gold futures is hovering at $3150. By my estimation, we're at or very near the top. I would think twice about going long here.
Which will only be a SELLING opportunity Anything market that rips higher from this point on will be a selling opportunity. S&p is headed to 5000 and eventually 4000. The nasdaq will fall 30 to 40% in the next few years as we get a deep recession, high unemployment, 0% gdp and skyrocketing inflation. Equities will be the last thing people will want to own....so sell all rips and and rallies from here on in.
Tarriffs? Old news???? Ummm this news is just beginning and this time tarriffs are going to create great inflation forcing consumers to slow spending and as a result gdp will sink back to 0% and create a very sizeable recession.... tarriff news will be here until the next President gets sworn in 2029, so this news will never be old.....
I don't think we are too far off from a sizeable 40% drop in the masdaq. Would not surprise me is nasdaq is back under 12k by the end of this soon to be bear market....will be a great buying opportunity but until then get ready for the big multi year nasdaq bear market.