LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ – OCTOBER 8 – REMEMBER SELL ROSH HASHANA AND BUY YOM KIPPUR
https://www.howestreet.com/2024/10/will-chinas-stimulus-blitz-help-us-markets-mark-leibovit/
BULL TRAP CONDITION CONTINUES TO EXIST DESPITE WHAT YOU HEAR IN THE MEDIA
DANGER DANGER WILL ROBINSON
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
Stocks Fall On Geopolitical Tensions; Major Averages Close Notably Lower
U.S. stocks fell on Monday amid easing prospects of aggressive rate cuts by the Federal Reserve following a much higher than expected addition in U.S. non-payroll employment in the month of September.
Investors also awaited earnings announcements from major banks, and some crucial economic data, including readings on consumer price and producer price inflation.
The major […]
LEIBOVIT VR NEWSLETTERS – MONDAY – OCTOBER 7, 2024
https://www.howestreet.com/2024/10/will-chinas-stimulus-blitz-help-us-markets-mark-leibovit/
Mark Leibovit, publisher of the VR Metals/Resource Letter, still believes the market has hit a short-term cycle peak.
“I’m not aggressive here,” he said. “I’ve been hedging on the short side a little bit as well, on and off, but I was looking at about a $2,700 target and
we got pretty close. I just think we may have run out of steam here a little bit, short-term.
“Cyclically, we may have exhausted the time for further advance, but I’m not a bear, I’m just cautious here,” Leibovit added. “I’m not adding positions,
and I had a couple of hedges on inverse gold and silver ETFs. I’m keeping the core long positions. I’m not out of the market, but I just feel like I
wouldn’t be establishing new long positions here.”
Leibovit said he doesn’t subscribe to the view that a stronger dollar will necessarily mean lower gold prices. “I’m in a whole different camp with the
dollar and gold,” he said. “I think the dollar and gold go up together, I don’t think there’s an inverse relationship. I think when central banks are out
there acquiring gold, they have […]
