The Aden Forecast

4 decades of newsletters from the renowned Pamela & Mary Anne Aden | Covering all major markets | - GoldChartsRUs

[The Aden Forecast @TheAdenForecast]

🚨 Record highs don't tell the whole story.

The Dow continues to climb, but several major indexes are flashing warning signs.

The trend is still up—for now—but caution is becoming more important.

[The Aden Forecast @TheAdenForecast]

Read the new weekly update for our latest recommendations: https://t.co/8ENjrigDXm

[The Aden Forecast @TheAdenForecast]

🚨 Gold's next test could be a critical one.

The metal is testing its 65-week moving average. If it breaks below $4,000, the next major support may not arrive until the 23-month moving average.

[Barchart @Barchart]

Gold $GLD has seen total withdrawals of $12 Billion since the end of February, the largest 4-month outflow in 13 years 🤯 👀

[The Aden Forecast @TheAdenForecast]

Extreme sentiment readings are always worth watching.

[Michael Burry Stock Tracker ♟ @burrytracker]

Breaking: The Stock Market hits Extreme Fear for the first time since April 7th

[Brew Markets @brewmarkets]

Micron's stock chart is just incredible.

[The Aden Forecast @TheAdenForecast]

Is the AI bubble ready to pop?

[Murray Gunn - EWI @MurrayGunnEWI]

$PLTR - A "kiss goodbye"?

We've tracked this Head & Shoulders formation since early February.

On April 13 we wrote:

"...the share price bounced and found resistance at the neckline... The price has now declined... an iconic 'kiss goodbye' as the trend changes from up to down."

Then on June 1, the neckline was tested again - and rejected sharply.

You could say the "kiss goodbye" turned into a prolonged farewell snog (make-out session for the non-Brits).

Palantir is down 9% in June.

Is this just the beginning of a much larger AI unwind?

[The Aden Forecast @TheAdenForecast]

@KobeissiLetter It's holding support at $70... for now.

[The Aden Forecast @TheAdenForecast]

🚨 Oil drops below $72 for the first time since early March.

Oil is finding support at $70 - our key price level, but will it hold?

Stay alert!

[The Aden Forecast @TheAdenForecast]

The dollar is winning the battle...

It may still be losing the war.

Safe-haven flows are driving today's strength.

Debt, de-dollarization, and gold accumulation are shaping tomorrow.

Both can be true at the same time.

[zerohedge @zerohedge]

Brent crude shorts: highest on record

[Bull Theory @BullTheoryio]

BREAKING: $SPCX is down -10% today, wiping out $242 billion from its market cap.

In the last 4 trading sessions, it has now crashed more than 25%, wiping out $725 billion from its market cap.

That is more than the entire combined market cap of SanDisk and Coca-Cola.

[The Aden Forecast @TheAdenForecast]

🚨Rates hit multi-month highs

Following the Fed's decision to leave rates unchanged, the 2-year yield hit a 16-month high and T-bills a 10-month high.

This signals that the Fed will likely raise rates in the near term, especially if inflation continues to rise.

[Charlie Bilello @charliebilello]

Stocks are at all-time highs.

Credit spreads are near all-time lows.

And inflation has been above the Fed's target level for 63 consecutive months, averaging over 4% per year since 2019.

So why is the Fed expanding its balance sheet again (QE)?

#EndtheFed

[Charlie Bilello @charliebilello]

At the start of the year, the bond market was pricing in 2 Fed rate CUTS.

After today's FOMC meeting, it is now pricing in 2 Fed rate HIKES.

That's a 1% swing in expectations.

The 2-Year Treasury yield entered the year at 3.48%. It ended the day at 4.21%.

[The Aden Forecast @TheAdenForecast]

The next commodity bull market may just be getting started

- Copper.
- Silver.
- Gold.
- Energy.

The commodity complex continues to strengthen while Wall Street remains focused on tech.

[The Aden Forecast @TheAdenForecast]

Unprecedented times to say the least.

"If the top 10 were a stock market, they would be the 2nd-largest in the world, even exceeding China."

[The Kobeissi Letter @KobeissiLetter]

The US stock market is rewriting every record in the financial history books:

The top 10 US stocks now have a combined market cap of $25.3 trillion.

If the top 10 were a stock market, they would be the 2nd-largest in the world, even exceeding China.

The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world’s 2nd-biggest economy.

Together, these companies are now worth ~80% of US GDP.

Furthermore, the top 5 companies alone have a combined market cap of $18.6 trillion, exceeding the value of every global stock market outside the US.

Truly unprecedented numbers.

[The Aden Forecast @TheAdenForecast]

SpaceX has launched into the 4th spot as the world's largest company...

With a whopping revenue of -$9 billion!

[Charlie Bilello @charliebilello]

Insanity: with a market cap of $2.96 trillion, SpaceX just passed Microsoft to become the 4th largest company in the world.

Microsoft Sales: $318 billion
Microsoft Net Income: $125 billion

SpaceX Sales: $19 billion
SpaceX Net Income: -$9 billion

[The Aden Forecast @TheAdenForecast]

Get our forecasts and recommendations: https://t.co/B1ynFBIFqA

[The Aden Forecast @TheAdenForecast]

🚨 One chart might explain why interest rates are rising.

Producer prices just jumped to a 4-year high, far exceeding expectations.

Inflation is heating up, and if this trend continues, the markets may have a bigger problem ahead.

Stay tuned!