Weekend Oct 27, 2024
This is a follow up from the previous post where I suggested a bond rally. TLT has returned to its moving averages, RSI and PMO are both bottoming, this is a great set-up for a rally.
TLT is an ETF of 20 yera bonds and therefor a great proxy for the ten and thirtyyear bonds
On the two bar per day chart you can see TLT is searching for a bottom, more on an entrythis week we need to put in a ladder of orders about 50 cents a part
Silver finally blew through long time resistance at 30. I expect it will retest the MAs at 30-31.
The Sprott.com family offers excellent choices with CEF and a gold and silver ETF.
The gold chart is similar. A re test of 2600-2625 looks reasonable. Gold and silver mining stocks have badly lagged the metal rally, let's stick with Sprott which owns the actual bullion.
With a world awash in debt gold and silver will no doubt see much higher prices. I see Boeing
s plan for cash is to issue more equity or debt, yeah more debt is just what BA needs!
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