As we kickoff another trading week, another day, another record, highest in history, plus 2 looks at gold’s bullish trading.
Another Day, Another Record
July 12 (King World News) – Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: NASDAQ 100’s price/sales ratio has climbed back to its highest since February 2001 … now at 5.7, well above long-term (20y) average of 3.1 (see chart below).
HIGHEST IN 20 YEARS!
NASDAQ 100 Price-to-Sales Ratio Near All-Time Record!
This Will End Badly
Jeroen Blokland: Prices-to-Sales ratio S&P 500 Index – highest ever! (See chart below).
S&P 500 Price-to-Sales Highest In History!
Billionaire Eric Sprott bought a 20% stake in a mining company
to find out which one click here or on the image below
Gold
Graddhy out of Sweden: That drop 3 weeks ago hit that blue apex beautifully. And MACD did not cross back down at that point which shows strength. We could still roll over into a final weekly cycle low and get a double bottom at lower black line, but this chart sure is interesting. (See chart below).
Gold Solidly Above $1,800 After Testing Support
Metal Of Kings Looking Good
Graddhy out of Sweden: If we zoom in on the chart posted just below, we can see that my FBO (false breakout) downwards from the blue triangle played out as expected, and was followed by that blue triangle EATAM (End Around The Apex Move) I called for. Means it is behaving just fine so far. (See chart below).
BULLISH SETUP: Gold Trading Beautifully
***To listen to E.B. Tucker discuss the recent panic in the gold sector and what investors should expect next CLICK HERE OR ON THE IMAGE BELOW.
***To listen to Alasdair Macleod discuss the gold and silver markets and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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