Mike Roy's latest article published on Or.fr went viral in a few days.
In this analysis, the author presents several graphic configurations that make you dizzy.
As Mike Roy noted, the logarithmic gold chart is breaking through a ceiling that has held since 1981:
This graph reveals a cup-and-handle configuration that took 44 years to form. The cup was drawn between 1980 and 2011, while the handle developed between 2011 and 2024, thus respecting an appropriate temporal ratio to validate this technical figure.
What if gold was breaking through this immense technical figure?
If this were the case, the increase objective after the breakout of this configuration would not be $10,000, as Mike Roy indicates, but would rather reach $15,000. This level corresponds to the depth of the cup, projected from the breakout in logarithmic scale:
Let's now reproduce the gold chart in monthly variations:
This graph is also dizzying.
Since his breakout From $2,000, gold advances parabolicly.
If this progression continues on this parabolic line, gold should reach $3,000 by the end of November.
Gold's rise is impressive; this is the very nature of the parabola: the more time passes, the steeper the slope becomes.
Gold is progressing parabolicly in relative indifference.
The main reason for this silence is that gold is rising alongside the markets. More to the point, gold has yet to take off relative to tech stocks.
Investors around the world are flocking to U.S. stocks at an unprecedented pace: flows into U.S. ETFs hit $145 billion this year, surpassing the previous 2021 record by $10 billion and doubling the year's total last.
The majority of these investments come from Europe ($105 billion), followed by the Asia-Pacific region ($40 billion).
For many, US stocks are now seen as a “safe haven” in the face of economic uncertainty:
The GOLD/Nasdaq chart still has not broken its downtrend line:
Until this line is breached, gold's progress will remain in the shadows.
The moment this line is crossed higher will likely mark the start of increased interest in gold. If its progression continues on a parabolic trajectory, the attention paid to the yellow metal could become particularly intense!
This parabolic rise is all the more impressive as it accelerates as American interest rates rise.
Interest rates have literally risen in a straight line since the Fed cut rates by 50 points at its last meeting in September.
The yield on 10-year bonds has climbed 60 basis points in a month since the Fed began rate cuts.
For the first time since July, the yield on 10-year bonds exceeded 4.30%:
The average 30-year mortgage rate once again exceeded 7.0% for the first time since July:
The Fed reduced its rates by 50 basis points, but this has so far proven to be a resounding failure: rates are rising, once again threatening the bond market and real estate.
A few Nasdaq stocks play the role of safe haven, while the price of gold continues to rise silently and parabolicly.
There is definitely something wrong with this market!
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The information contained in this article is purely informative and does not constitute investment advice, nor a recommendation to buy or sell.
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