Dow Burns And Gold Stocks Rock: The Gold and Silver ‘Buy Signal’ is Engaged

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Gold Seek writes 24 disheartening historical ‘facts’ and how we are going down with the ship… with the exception of a couple of saving graces, one of them called SILVER, the other GOLD.

  1. In late 2013, I predicted the Fed would taper its QE program to zero, and the first taper would cause gold to rally, stunning the Western gold community.  I also predicted the taper would turn the US stock market into a “wet noodle”.  That’s what happened.
  2. In 2015, I expect the Fed to hike rates sooner than most analysts expect, and I’m predicting that gold rallies on these rate hikes, and global stock markets take a horrific beating. I expect the stock markets of India and China to recover from that beating, but not the American market.
  3. Despite yesterday’s mini-crash, I don’t think the American stock market is pricing in the reality of the coming rate hikes.
  4. Please click here now. That’s the daily Dow chart, and it’s off to a terrible start this year.
  5. The “January indicator” that I use focuses on the first week of trading during each year. If the Dow ends that first week on the downside, it can indicate the entire year will be negative.
  6. That’s because how the Dow trades during the first week of January is a very good barometer of how institutional money managers are adding or withdrawing risk capital, with a one year outlook. So far, their outlook isvery negative.

READ 7 through 24 including the gold buy signal: click here now

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