Funds are shifting
- Thread starter countryBoy641
- Start date
lulz.
When I saw GC poke above 2,000 and maintain it earlier this year, I never expected it to maintain and even SURPASS that level, based on historical patterns.
But hot damn, it is keeping on at 2400. Whoop!
Yup. Though the so-called inflation hedge only some of the time ... keeps up with inflation. Currently still, inflation-adjusted, below the 1980 high.
What’s the point of looking at 50 year charts?
For that matter, whats the point of looking at any charts since the Fed literally became the markets after the 2008-2009 crash?
Just follow the Money Supply
Nothing else matters.
Not earnings, wars, global pandemics, Bank failures, etc.
Money supply = Higher prices in every asset class.
They created so much money people had to invent fake internet “currencies” just to have something else to gamble on!
Not all stocks are created the same.
If you look at the long term charts on these, they look like like hit and miss engines, goes 100 years plus, then change the oil.
First thing look at XOM, fresh as the day old JD
had his feet up on the roll-top desk
shooting the breeze with Henry Flagler.
And monthly MACD left hand crossover coming.
same thing with CVX, but bigger divis.
Same MACD as XOM.
Oil Integretated all look good, but not as good as those two.
Marathon Oil
I am always a big fan of any stocks still pumping Iron nearly 100 years after the founder is dead and buried.
Check back on these $NDX stocks in a few.
Be lucky if you can find them.
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Past performance is no guarantee .... blah blah
The hand writing is on the wall:-
Wind and solar overtake fossil generation throughout the EU
"In the first six months of 2024, the EU generated more electricity from wind and solar than from fossil fuels. Combined, they generated 30% (386 TWh) of the EU's electricity in the first half of 2024, with fossil generation only supplying 27% (343 TWh)." 5 days ago
https://ember-climate.org/insights/research/eu-wind-and-solar-overtake-fossil-fuels/
The hand writing is on the wall:-
Wind and solar overtake fossil generation throughout the EU
"In the first six months of 2024, the EU generated more electricity from wind and solar than from fossil fuels. Combined, they generated 30% (386 TWh) of the EU's electricity in the first half of 2024, with fossil generation only supplying 27% (343 TWh)." 5 days ago
https://ember-climate.org/insights/research/eu-wind-and-solar-overtake-fossil-fuels/