next year is an election. the incumbent has to have the economy looking good to have any chance of reelection
for me the vertical move out of the chute says we are starting wave 3.
felix zulauf gave a webinar this morning. brief summary- He is expecting the Fed to stimulate in a dramatic fashion between now and the election. He said this may start very soon. He is also looking for a correction in the dollar to begin shortly. He said the Fed will cut sooner, deeper and more often than is expected. He is looking for a decline in the equities market with the Tech stocks especially getting hit. So as you would expect with the equities market headed down, the dollar headed down and the Fed aggressively easing he is telling people to buy gold and the miners now.
33%chance of a cut and june let the games begin
gold stocks are very cheap by historical standards
Edited by dharma, 06 June 2019 - 10:55 AM.