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Richard's Remarks

 

I wanted this Monday site as simple as possible. The first chart is a weekly arithmetic chart of gold. The four rising bottoms speak of accumulation.

 

  

 

This next chart shows the D-J Industrials climbing up a five-year rising trendline. The key here is that the Dow must hold above 17,000 -- or it will have fallen below the trendline.

 

 

 

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Over the years I've talked about the great need for and scarcity of water. But it's only been recently that water ETFs were available. The chart below shows a water ETF that's had a long upside run. PHO is overbought at present, but on any extended sell-off I think PHO is worth buying.

 

 

 

 

I include ITA, the aerospace and defense ETF, as an example of a popular ETF which is overbought and appears ready to correct. In our modern but primitive world, two phenomena are certain -- war and inflation. The most expensive thing ... Log in or subscribe to continue reading.


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