Hot pick for 2023

Stock pickers are now making predictions for 2023, RTT's sector market call is related to hard money.


For two years GDXJ has failed to make new yearly highs. 2023 should be its year.

The good news is all the accumulation over a 6 year period (2014 - 2020) has not been divested, we know this as the volume over 2021/22 is very light and no new yearly lows have been made. This is basic Wyckoff accumulation logic and the chart below shows this well. The point is GDXJ investors are holding and waiting for new yearly highs. 

GDXJ will require gold, silver and stocks to do well for gains in 2023. Or more simply the US dollar will have to be weaker through out 2023.

Retail investors should place GDXJ on their watch list, and wait for daily and weekly price action to show the market whales are moving price higher to new ground. In other worlds a Wyckoff sign of strength.

Watching and waiting ..

Yamana Gold is a large market cap stock within the GDXJ ETF. 

Yamana Gold Inc is a gold and silver producer that is headquartered in Toronto, Canada. The firm has operations in Canada, Brazil, Chile, and Argentina. Its shares are also traded on the New York Stock Exchange (NYSE).

Yamana Gold Inc. mineral resources as of 2021 stand at 176 million tonnes. Out of these, the Jeronimo resources constitute the largest chunk, as they stand at 95 million tonnes. The firm's mineral reserves of gold are 388 million tonnes, and its proven and probable gold reserves are 758 million tonnes.

Via Yahoo.com

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Liquidity Cycle to Bottom in 2023 - Update

The Pied piper bearish news scares many uninformed investors out of their positions, but is history about to repeat and another risk on period is soon to be born.


Previous Post: Liquidity Cycle to Bottom in 2023

CAUTION: Before we get too bullish, no one knows if another risk off low in due or how bad it may be.

But this does not mean informed investors can not accumulate positions in good assets on long term trends while they are on sale. 

The chart below (DXY cycle vs Dow Cycle) shows 5 out of 5 wins for risk on, will it be 6 out of 6?

Watching and waiting ...

Original Post: https://ift.tt/ZIqo318

Love of property investment will die

When the cost of property finance doubles the asset prices will suffer.


A bond crisis will arrive to the world largest bond market post 2024. Higher mortgages rates in 2022 was just a teaser, double digit mortgage rates are coming in 2024/25. Central bankers will not be able to hold back the inflation push in bond yields.

POINT: 2023 will be the last year of grace before world wide mortgage rates go nuts.

Why? 

Well the funding of the US Government by US Treasuries is a function of low inflation and low interest rates, and low inflation is dependent on low energy costs. If you frustrate the energy supply (and food) you will get shortages, shortages lead to demand and supply issues which result in higher prices for longer and inflation is the result.

POINT: This of course means if you tame energy supplies, then you will tame inflation. 

Lots of moving parts, start your education here.

Long term cycles on the US 10 yr suggest decade lows rates are in.

Original Post: https://ift.tt/YEKMmsI

US Dollar lower in 2023

A US dollar rally is a condition of things not being well in the world, a falling US dollar is more calm arriving in the markets.


Larry McDonald talks about what can lower the US dollar in 2023 (first 15 min).

US dollar models suggest the trend is down in 2023. Light blue leads US dollar by 8 months (diff between EU and US core inflation).

China is also helping the world with more juice into 2023.

Of course wild cards will tease the markets as always.

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