Look at these fascinating charts of gold, silver, the Nasdaq and real estate.
Silver Is Looking Good
September 1 (King World News) – Graddhy out of Sweden: As said, this low is looking good so far. Now right up against blue/green line again. We have higher high+higher low in place since Aug 9th low => trend change. On DC day 17 so would like to see a break out here soon for time reasons. Thin zone just above. Beautiful chart.
Looking For An Upside Breakout On Silver
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Graddhy out of Sweden: Blue line held as expected for the decline. And the huge bullish reversal candle 3 weeks ago was followed by consolidation week, breakout week, and now backtest week. Textbook price action really so far since the major low. And it did not make a new low which is bullish (see chart below).
Textbook Backtest On Gold, Looking For Upside Thrust
Graddhy out of Sweden: The climbing angle for the parabola is getting steeper and steeper. The only angle left for the probable blow-off phase starting now is really straight up. That probable blow-off top will be the end of the 20 year secular bull market.
Parabolic Nasdaq Blowoff Will End
20 Year Secular Bull Market
Jeroen Blokland: US House Prices rose a whopping 19% YoY in June (see chart below).
MORE TRANSITORY INFLATION:
US Home Prices Surge 19%!
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: 4Q20/1Q21 mortgage refis surpassed boom of ‘03, but only in nominal terms; in ‘03, 30% of mortgage originations went to borrowers with excellent credit scores; “super-prime” borrowers now >70% of origination volume, making current boom less worrisome (see chart below).
Very Different From Last Housing Bull Market
2003: 30% Of Mortgage Originations Went To
Buyers With Excellent Credit Scores
2021: Greater Than 70% Of Today’s Mortgages
Going To “Super-Prime” Borrowers
***ALSO JUST RELEASED: Here Is A Look At A Future Mega-Trend! Plus The Key To The Gold Bull Market CLICK HERE.
***ALSO JUST RELEASED: Gold Will Shine As Central Banks Continue Destroying Paper Money CLICK HERE.
***To listen to James Turk discuss Friday’s big 4+% rally in the mining stocks along with the surge in gold and silver as well as what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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