Here is an important update on stocks, bonds and gold.
Classic Dow Theory
March 6 (King World News) – The following charts (with notes) were sent to King World News from top Citi analyst Tom Fitzpatrick:
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Stocks, Bonds & Gold
King World News note: Fitzpatrick is looking for much lower stock prices and a continued rally in the major bond markets. Some serious downside action in the stock market could very well coincide with even lower interest rates, especially since the Fed has already announced a U-turn in its policy. Of course a much lower stock market would be a bullish catalyst for the gold market, which has yet to take out the major resistance near the $1,400 level.
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***Also just released: Gerald Celente On Trade Wars, Stocks, Real Estate And Gold CLICK HERE TO READ.
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