Yardeni Hikes SP500 Target

New:

Old:

 

Gold ETFs Vs. VIX

The VIX is bottoming out. Once it moves back up, then gold ETFs will rise. 

Gold ETFs rising to all time highs, could spike gold to $5000.

VIX seasonality.

Sprott Inc. Holdings Update

Sprott Inc update:

Buys: Equinox, Wheaton, Dolly Varden, SSR, Hycroft, Microstrategy

Sells: First Majestic, Alamos, Newmont, Mag Silver

Mar-a-Lago

In Nov 2024, Stephen Miran published "A User's Guide to Restructuring the Global Trading System". The Trump tariffs could be following this paper to end in the so-called "Mar-a-Lago Accord" (which focuses on USD devaluation). Miran was appointed to Fed board. 

=> Gold following Mar-A-Lago to $5000.

China home sales slump

China real estate is still in bad shape.

Job Gap Vs. Unemployment Rate

The job gap = ( employment level + job openings - labour force ) / labour force

Real Unemployment Rate

The unemployment rate is actually 5%.

The road to $10K gold

 Negative real rates will push up gold to $5000-$8000. 

Collapsing USD.

Gold juniors will soar 10X.

Stocks will underperform.

Non Farm Payrolls Suck

Biggest revision in history.