An article on the Great Pyramid here indicated it would take laying a block every 2.5
seconds for 23 years to build this structure. My calculation is 10.93 years.
In any event, an impossible task for that period and a real puzzle.
The Benchmark Clock - Precision Trend & Cycle Analysis
An article on the Great Pyramid here indicated it would take laying a block every 2.5
seconds for 23 years to build this structure. My calculation is 10.93 years.
In any event, an impossible task for that period and a real puzzle.
Merk has provided us with two longer term charts that compares gold miners to the S&P500 and Gold.
Click to enlarge
1) In "Be Aware, Beware and Wary" Trader Garrett examines the S&P500 history, current conditions and Benchmark projections. Click here.
2) "Commodities - Symptoms, Signals & Solutions" details a proposed major change in the 1872 mining law that will affect the profitability all US mining activities. Click hereIn our February S&P500 article here, we noted that Finviz showed:
Those results have since deteriorated to:
Benchmark's daily S&P500 trend is negative but all other higher primary time frame trends are still in a positive posture.
Similarly, lesser known indexes have this daily record. Click to enlarge.
A technical bear market cannot begin without a minimum negative weekly trend being present and that event has not yet occurred. Theoretically, it could occur by the end of May but requires more evidence.
In Summary
Yes, there are profound valuation problems everywhere but positive time frame postures take precedent.
Let's
see what happens between now and the end of May. All else is speculation.
4/27/24
Gold Stock Index Outlook - 4/7/24
Dr. Kern has provided us with a new Gold Stock outlook under "Public Update" located here.
Due to his condition, I have sent him a strong message of support and wished him the very best of treatment success.
We will continue to publish his presentations. Current one is here.
His 36 year Gold Stock Prediction system, known as SKI, has been highly accurate and successful for subscribers using USERX, the oldest gold mutual fund with data available since 1974.
For those interested in both short term and long term trading signals in the gold stock market, I have no reservations in recommending his precision time tested work.
Complete credentials are here.
Now is the time to access his work!
In ancient times, they took a cup of water from the river, put a pure gold nugget in the water to kill the bacteria and drank the water.