38 Comments
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Take65's avatar

no sure.

please explain

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Adela's avatar

What are you seeing Greg?

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Blue Collar Dude's avatar

Definitely back on an uptrend.

It would appear the “send them to war” failsafe; Only bought us a bit more time...

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SS's avatar

Head and shoulders with a break out to the upside. Risk going up and so will the VIX.

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raygazzman's avatar

I see some mixed thoughts in here. I for one have no idea what Greg is seeing... I hope Greg will chime in later :)

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Abundance is a vibration's avatar

This could be the start of the BIG one.

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Skywalker PM's's avatar

Im taking some profits today.

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Right Side of History's avatar

We’re making higher highs and higher lows so risk is increasing.

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JayEmm's avatar

The most at risk bond market is the Euro bond. Currently yield on 10 year Eurobonds us about 2.45% and heading higher. The ECB is more vulnerable to high yields. Within two months of 10 Yr Eurobond hitting 2.5% (Aug 2023) there was the Hamas attack on Israel on 7th October. Once again - activity is increasing in Ukraine in response to Euro bond yield going higher. Cruise missiles being located in Ukraine, British troops controlling Ukraine air strikes, Finland approving Ukraine to use NATO weapons for attacks on Russia. Without doubt -a huge Black Swan Event can be expected in Ukraine/ Russia

conflict or the ECB will be bankrupt if Eurobonds continue on this upward trajectory. US bonds seem to be able to handle higher yields than EU bonds for much longer. Precisely what Powell planned. Possible target in Russia/ Ukraine - probably the nuclear power plant in Ukraine - Blame Russia for another Chernobyl and hope nobody questions why Russia would blow up the plant when the prevailing wind pushes radiation onto Russian soil. They got away with Nordstream bulllcrap - maybe they think they can get away with more bullcrso over the nuclear power station.

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Nicholas's avatar

ALERT GOLD MOVED ABOVE 2100

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Chris Pinkstaff's avatar

It looks like it is making lower highs!

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Craig McD's avatar

Head & Shoulders Pattern - usually means a move down if confirmed

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Garrett Kensler's avatar

Still too much risk for my situation. If I had 100 grand or more lying around I would definately be able to take on that much risk and get back in the stock market. The truth is I just recently climbed out of massive debt but Im 37 with very little to invest. Commodities seem safer long term and that's where I'm at... oh and BTC baby! Diversify yo ass!

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Dave Wong's avatar

It looks like the beginning of a down trend.

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Me's avatar

1-2-3 top or head and shoulders headed further down...

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William Losch's avatar

Yes, the "Lows" are getting higher, indicating that the Bull market still has "Legs!"

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Dan T's avatar

I see it as risk increasing for a market correction. Maybe the chart sees a double top and another market leg up as the MMRI comes back down.

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William Losch's avatar

We shall see.

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