Daily Charts - Is Gold Overvalued?
1.People are *not* going to like this...
"Gold is Overvalued"
However:
-it is yet to reach previous extremes
-expensive can get more expensive
-price momentum is significant
-monetary tailwinds strong
-rebalancing underway
-retail yet to join
-upside risks
-(remain) $Gold - main 2504(GCmain)$
Image
2.Global Equities
-US to go from first to last
-global ex-US set to see revival $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$
Image
3.Here's the problem...
-valuations are stretched vs history
-AND so are earnings expectations
This is going to hurt $S&P 500(.SPX)$
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
