Posts Tagged ‘Warren Buffet’
Update: Stocks and Silver
There were two big market movers last week. Stocks and silver both advanced between 3% and 4% on the week. As far as stocks are concerned, the downtrend line that has been in place since January of 2022 has now been broken to the upside, as noted on the weekly chart of an…
Read MoreStock, Retail and Housing Update
Despite the recent rally in stocks, when analyzing longer-term price charts, it is my view that stocks remain in a downtrend at this point in time. As I have often stated in this publication, it is rare that any market moves straight up or straight down. Instead, a downtrend is typically characterized by…
Read MoreMy Interpretation of the Dow to Gold Ratio – Why Stocks Have More Downside and Why Gold Has More Upside
Stocks rebounded again last week as metals retreated slightly. The Dow to Gold ratio now stands at 17.78. For those of you unfamiliar with the Dow to Gold ratio indicator, it is calculated by taking the price of the Dow Jones Industrial Average and dividing by the price of gold per ounce. The Dow began…
Read More