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Yes! The metals have reverted 90% of the reversion to the 50-day upsloping moving average. And…And…Their decline has slowed to where gold was down only .14% this week and silver was down only .05% this week. Reversion to the mean, slowing decline, could this be the inflection point where the metals begin their upward climb again???
Conversely, the Dow Jones Industrial Average (DJIA) was down 1.21% this week. And…And…the NASDAQ Composite was down significantly led by the Artificial Intelligence (AI) stocks. 1999-2000-type tech bubble???
Not many economic reports this week with the Schumer shutdown. The University of Michigan’s Index of Consumer Sentiment fell to 50.3 in November from 53.6 last month. Worries about the economy. May be a reason for lower interest rates.
Until next time…
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