In Best Stock Charts this week we discuss our YTD profits in NUGT of 82% of which 20% came last week. We remain very bullish on silver, gold and the gold mining stocks. We use technical analysis to determine if these commodities and stocks are overbought or simple consolidating and getting ready to move higher in this new bull market. We also discuss the US Dollar and its monthly breakdown using the stock charts.
In this week’s commentary we are using TrendSpider stock market charting software. TrendSpider is the next level for technicians with their automated technical analysis features.
We also discuss in great detail our concern with regard to Deutsche Bank and who might have counterparty risk to their derivatives book worth $49 trillion US Dollars. We review the bearish chart and why the stock market should be very concerned about Deutsche Bank melting down.
Articles Referenced
Fed Flip Flops source: ZeroHedge.com
https://www.zerohedge.com/news/2019-07-21/fed-flip-flops-battle-control
Bank (Deutsche Bank) With $49 Trillion in Derivatives Exposure Melting Down source: ZeroHedge.com
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