Tim Knight targeted $4,000 on gold and we are sitting at $4,022. But the miners, silver, palladium and GDX all say the low $3,000s could be next. War and inflation were supposed to help gold. The charts disagree.
Plus Bitcoin needs a clean break of 60K to confirm the BITI inverted head and shoulders, SpaceX got its first real rally since the IPO, Applied Materials is approaching $700, and half of Tim's short portfolio is green on a 400 point Dow day. FIVE, ALB, Kohl's, Lennar and Costco all walking lower.
š tastylive:
tastylive.com
š° Get Tom's pre-market analysis every morning:
tastylive.com/newsletters
š FREE Options Strategy Guide:
tinyurl.com/bp9ms763
š± Follow tastylive on X:
x.com/tastyliveshow
Chapters
00:00 Short week, jobs data Thursday, weird open
00:51 Dow heading for a lifetime high close
01:30 Iran War bottom and the rally since March 30
02:18 Gold at $4,022 but the charts say lower
03:06 GLD, silver, GDX and XME all breaking d...