The stock market is in what I believe is a historic,final parabolic leg of a 44 yr secular bull market.I am raising some of my targets as follows: SPX 10,000, Nasdaq Comp 36,000, DJIA 67,000, RUT 4000, QQQ 950, SMH 800, gold $7000 & silver $200. My other targets remain unchanged.
People have become convinced that gold is moving inversely to oil, and if oil keeps rising then gold has to fall.
But that's not what the charts are saying.
Gold is moving inversely to the dollar (with temporary deviations). The dollar bottomed In late Jan. and no surprise that is when metals topped. As the dollar dropped into its daily cycle low on Apr. 17 gold rallied. For the last week and a half as the dollar rallied out of that cycle low gold has turned back down into its own daily cycle correction.
So the question is if you think the dollar is forming a bear flag and will turn back down and make another lower low, and fail to make a higher high. If so then gold should hold above the March low, complete the minor correction soon and go on to make higher highs in May, June & July.
I'm in that camp.
Absolute bombshell. Data reveals someone made a massive 580 MILLION dollar trade on oil exactly 15 minutes BEFORE Donald Trump posted his tweet about pausing the Iran war. Someone on the inside just made a life changing fortune. The corruption is blatant.
Here's my most recent interview recorded 2/18/26 with @jessebday.Discussed the melt-up into the top,the bust & 80% bear to follow & the commodity supercycle that will follow the bust.Discussed the Fed,the big money pump & the inflation cycle to follow. https://t.co/jL90pr40h0