zerohedge.com / by Tyler Durden
Despite numerous “13s”, infamous technical analyst Tom DeMark tells Rick Santelli, the Fed’s liquidity pump has negated every one of these ‘potential sell’ signals and stocks have “unusually” kept going.
DeMark goes on to note several analogs and trendlines that look
extremely familiar; warning that the convergence of all these signals is
notable and suggest “something comparable to 1929“. Unable to get a word in edgeways, Santelli is more intrigued by DeMark’s call on precious metals as he notes with downside limited, there is “a big move coming” for gold to the upside in 2014.
Precious metals prices started to accelerate as POMO started (and again
when it ended) and are extending the gains post DeMark (Silver +4% from
early lows).
DeMark on the equity market analogs and Gold’s coming big move…
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