This aged well...
My intuition is that tariffs are just the start - an excuse for selloff - the real blow will come from elsewhere. Everyone knew tariffs were coming for months now. But there is some crisis brewing underneath which will be the real blow. GO(L)D knows what.
The wheels for a major event (maybe black swan) in 2024/early 25 have been set in motion - maybe a war, a pandemic, or an economic collapse. While that would be unfortunate, chaos presents opportunity. #Gold#Silver
Some serious long-term supports being questioned here. How these play out over the coming days would be key to the future direction of Indian equity markets.
#Nifty#niftysmallcap
Wrote on 27 Sep that demand is weak and markets could fall significantly. #Nifty500 down ~8.5% since then. Also wrote on 07 Oct that more correction required. Now, we might be close to oversold territory, although I doubt we will see new highs soon. Sideways most probably.
#Nifty500 down more than 5% since this post. Might be due to investors preferring China over India. Whatever the reason, I think the correction needs to continue some more before committing long term capital.
During this time, #GOLD and #Silver made fresh 52W highs ๐ฅณ
18/10/24, when #silver changed everything. This day will go down in history.
Feel like framing this chart to remind me later about this GENERATIONAL bet.
Remember, another war started since tagged tweet but I still feel the real black swan is pending.
Maybe, BofA can collapse?
The wheels for a major event (maybe black swan) in 2024/early 25 have been set in motion - maybe a war, a pandemic, or an economic collapse. While that would be unfortunate, chaos presents opportunity. #Gold#Silver
#Nifty500 down more than 5% since this post. Might be due to investors preferring China over India. Whatever the reason, I think the correction needs to continue some more before committing long term capital.
During this time, #GOLD and #Silver made fresh 52W highs ๐ฅณ
#Nifty500 breadth is diverging. Indices are going up, but breadth has been poor for a month. New 4W highs have also been <40% since 2 Aug - unusual compared to past trend. This indicates that demand is missing, and markets will correct significantly upon meeting supply.
#Nifty500 breadth is diverging. Indices are going up, but breadth has been poor for a month. New 4W highs have also been <40% since 2 Aug - unusual compared to past trend. This indicates that demand is missing, and markets will correct significantly upon meeting supply.
Anything less than 50bps cut by Fed and equity markets will fall significantly. Even gold silver might be dragged lower, but only temporarily. That'll be a great buying opportunity for precious metals. Let's see.
#FOMC
Pulled up SLs, most holdings are now risk-free. Exited #IREDA fully @ 250 (55% from first buy @ 161) and #TEXRAIL @ 285 (30% from buy @ 220).
Holding #HSCL and bought #JBMA yesterday @ 2200 to play EV theme. Working well for now but would like more vols.
#Gold, #silver and other metals rallied strongly last week. Metal stocks have the best setups right now. And the stock market as a whole refuses to go down. What's the driver?
While it could be budget, my read is that market is pricing in a Fed rate cut in July meeting.