The Consumer Cyclical Sector is close to a break down. Consumer Defensive has got some strong food distribution stocks doing parabolic rises. However these stocks are small and driven by speculation.This does not bode well for the stockmarket. TSLA rose on speculation of a battery pack that will "probably" save the planet. Musk tries to come up with new ideas of solving the problem with energy supply in areas with power shortage problems. The amount of metals in just one battery costs so much more energy to extract than it can possibly store and save this planet. Especially when you consider the lifetime of a battery pack. This is just a way of promoting the TSLA shares and a way of boosting the stockprice over the previously announced diamond pattern at 264. The share price can go up after this.
Thursday, October 24, 2024
Tuesday, October 22, 2024
More evidence of a strong Bullmarket
The Bullmarket in Gold and Silver is getting stronger. We are near a breakout in the ratios as can be viewed in TheDailyGold today. It is the Inflation-adjusted Gold price and Gold Stocks vs. The Stockmarket S&P 500.Even though this is the Ninth day up for Goldstocks the trend will continue even after we have had a couple of days down. Right now this autumn seems to be really strong for Gold Stocks! The gains in Tech should be realized and transferred to the Precious Metals Stocks.
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