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Why Investors Are Sending Markets Higher, Especially Small-Caps
Six months ago, President Trump signed the Tax Cuts and Jobs Act.
Half a year into the cuts, the economy is on sound footing, despite fears of a trade war. Unemployment is at multi-decade lows. Even corporate stock buybacks are reaching record highs, sending markets to unbelievable heights.
$90 Oil Prices: Why It Could Happen in 2018
For most of 2018, oil prices have churned higher.
Granted, prices took a short breather in early May through June 2018, but that proved to be short-lived on fears that supply won’t be able to offset issues.
In fact, since the middle of June 2018, oil ran from a los of $63.50 to $74 a barrel – its highest point in about four years thanks to OPEC’s underwhelming news of a smaller than expected increase in oil production.
This Pattern Has Not Happened to Gold Since 2016
The last time this happened, gold sank from $1,306 to a low of about $1,125.
Nowadays, at the same price of $1,306, it’s happening yet again, and analysts are fearful it could pinpoint to further downside for the meal.
If you look closely at this chart, you’ll see what happened when the 50-day moving average crossed below the 200-day moving average in November 2016. Nowadays, it’s happening again with a slight crossover today.
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