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Reason to Stay Optimistic on Gold

The 13 week cycle up phase aborted early and the pullback has negated the base breakout. When that happens there’s usually a recovery before a second high that confirms the top. I want to remain optimistic that this will only result in a mild correction/consolidation. As long as the 10-12 month cycle indicators continue to signal an up phase, that’s where I’ll give the benefit of the doubt.

From Zoom to Bust

FEEDI was puzzled to see that Zoom Communications (ZM) went rocketing higher after hours. I don’t have a position, but intuitively I’d figure that Zoom, like Peloton, would be just withering away. The world make sense shortly thereafter whe…