Stocks are in no-man’s land right now. They can’t seem to make up their mind if they want to sink or fly.
I can’t say the same for the bond market, the dollar, or gold. They’re quite clear about which direction they’re heading.
Bonds have spent the last 40 years bouncing along a very predictable, narrow channel. However, this week, yields broke out of that channel to the upside. This is a significant event that doesn’t bode well for stocks or real estate (as I mentioned on Wednesday).
Of course, Wall Street analysts and I disagree on this one, so I explain why they’re wrong in this week’s video.
I also look at what’s going on with gold and the dollar, whose fates are inextricably intertwined.
The dollar has made a break for it and this has left gold in a world of hurt.
I think we’ve seen the best of gold now, and there’s a line in the sand that I’m watching closely. Stocks can vacillate all they want. If gold breaches that line, run for cover.
You’ll get all the details and more in today’s video. Watch it now.
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