MacroVoices #422 Larry McDonald: How To Listen When Markets Speak
Apr 4, 2024
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Larry McDonald, founder of Bear Traps Report, discusses gold's broken correlations, inflation outlook, energy, and more with hosts. They explore market indicators, trends, potential stagflation, energy crisis, geopolitical impacts, copper vs. aluminum, US-China relations, silver investments, and market forecasts.
Gold and silver showing bullish signs with potential breakouts, Copper approaching 2023 highs indicating positive trend in industrial metals, Sector rotation pointing towards energy and basic materials outperforming tech stocks
Deep dives
Precious Metals Breakout: Gold and Silver Showing Strength
Gold and silver are showing bullish signs as they break key resistance levels. Gold has decisively broken out of the 2300 range, signaling a potential move towards 2700, while silver is approaching a multi-year high, confirming a new bull breakout.
Industrial Metals in Focus: Copper Poised for Upside Potential
Copper has been consolidating for two years and is now approaching the 2023 highs. A breakout above 430 could set the stage for further upside towards 475 or 500, signaling a positive trend in industrial metals.
Commodity Market Revival: Signs of Bullish Breakouts
The Bloomberg Commodity Index is attempting to break out of a two-year consolidation, showing signs of a potential uptrend. The market is witnessing a sector rotation with energy and basic materials outperforming, indicating a potential revival in the commodity market.
Uranium Stocks Showing Strength: Potential Start of a New Upleg
Uranium stocks are signaling a bullish breakout, despite spot prices not reflecting the move yet. The Global X Uranium ETF has broken out to year highs, suggesting a possible resurgence in the Uranium market.
While the S&P 500 continues its uptrend, the Nasdaq has been struggling to participate as sector rotation unfolds. The communication services sector, comprising tech stocks, is facing challenges while energy and basic materials sectors outperform.
MacroVoices Erik Townsend & Patrick Ceresna welcome back, Bear Traps Report founder, Larry McDonald. Erik and Larry discuss, why gold’s correlations to treasury rates and the dollar have broken down, the inflation outlook, energy, and much more. https://bit.ly/3U2DGrP
⚫ Click To Purchase Larry’s book ‘How To Listen When Markets Speak’: https://bit.ly/4cLXOFO