Gold takes Adv. since Trump-a-rally pans out to Bulls fart
Updated
It's gone 2 weeks or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press.
Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally.
Among nearly 2000 components of Smallcap Russell 2000 Index
RUT, appr. 90 percent of them (without any fundamental reasons) were up on November 6 - at the day Trump clinched White House victory.
For S&P 500
SPX and Nasdaq-100 
NDX indices these numbers were 70 and 75 percent respectively.
Since US dollar interest rates are still near multi year highs and Powell still says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for super-duper bets, as it's been discussed in earlier posted ideas.
Moreover, Geopolitics is roaring back, as current U.S. President Joe Biden tries to authorize the yellow-blues to use powerful long-range American-made weapons inside Russia's legal areas, potentially inside Kursk region where located The Kursk Nuclear Power Plant, that is one of the three biggest nuclear power plants (NPPs) in Russia and one of the four biggest electricity producers in the country.
The main graph is for Gold spot
XAUUSD , and it indicates on Cup with Handle technical structure in development as Gold takes Adv. since Trump-a-rally pans out to Bulls fart.
Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally.
Among nearly 2000 components of Smallcap Russell 2000 Index
RUT, appr. 90 percent of them (without any fundamental reasons) were up on November 6 - at the day Trump clinched White House victory.For S&P 500
SPX and Nasdaq-100 NDX indices these numbers were 70 and 75 percent respectively.Since US dollar interest rates are still near multi year highs and Powell still says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for super-duper bets, as it's been discussed in earlier posted ideas.
Moreover, Geopolitics is roaring back, as current U.S. President Joe Biden tries to authorize the yellow-blues to use powerful long-range American-made weapons inside Russia's legal areas, potentially inside Kursk region where located The Kursk Nuclear Power Plant, that is one of the three biggest nuclear power plants (NPPs) in Russia and one of the four biggest electricity producers in the country.
The main graph is for Gold spot
XAUUSD , and it indicates on Cup with Handle technical structure in development as Gold takes Adv. since Trump-a-rally pans out to Bulls fart.Trade active
November 20, 2024
👉 Gold is roaring up, due to U.S.-provided long-range weapons as the 1,000-day Russia - yellow-blues conflict enters a new phase.
👉 Leveraged bets, which depend on ultra-loose Fed monetary policy, are fading.
Note
November 21, 2024
👉 Locally (just locally) Gold hit it's key local mark, $2670 per ounce.
Note
November 23, 2024
👉 Gold's exploding up due to Biden's gaffe to authorize the yellow/blues regime use US-made missiles inside Russia's legal areas.
👉 The rods of Russia's retribution hangs like a sword of Damocles over all of Europe, on the basis of reciprocity.
👉 Last week Gold spot added +153 US Dollars just in 5 Days. It was the best in history ever 1-week return, since January, 1980.
👉 In percentage points Gold spot added +5.97 percent in a week. It was the 3rd best 1-week return over past decade.
Note
December 9, 2024
👉 #GODL IT (gold on for dear life)
Note
December 11, 2024
👉 Gold spot is back to 30-day highs above $2700 per ounce
👉 Following up nearly 420 days in a row above 100-day average (that is one of the hugest bull run stripes in history ever), Gold YTD surge is above 30 percent again in 2024.
👉 #GODL IT (gold on for dear life)
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