Key Points
- The S&P 500 index made a new high at 7230, reversing its long-term downtrend against Gold.
- However, the Dow is struggling to break resistance at 50,000.
- The ISM Manufacturing PMI indicates the sector is expanding, but producer prices are soaring.
- Lithium is in a strong uptrend, while Copper remains rangebound.
- Japanese intervention to support the Yen underlines the long-term reason for buying Gold.
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Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.