Resilient Market – Part 2

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BraVoCycles Newsletter
March 19, 2024

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Let’s do something different today for Part2.

Today we will be covering...

International Markets

INDY Update: Although some EWT experts count INDY super bullishly as per the black count, my preferred count is red. Why? Because:

1. (2) was to shallow, and

2. Minute ((a))=((c)) which is ideal, while 1=((i)) would be atypical.

Germany Update: Germany ETF and EWG may have peaked or are about to do so. If my count is correct, one could expect a 50% haircut, ideally down to about 16. The 2-plus-year cycle should drive it down into late 2024 or early 2025.

Looking at the industrial production chart below, one would think that EWG should already be at 16 or below. If you trade economic news and prognostications, think twice. In the short—and medium-term, economic performance has nothing to do with stock market performance.

Chocolate Anyone?

What is going on with cocoa? Is there a halving in cocoa like in Bitcoin? Or is it going to be used for AI?

Gold Mining Stocks vs Gold

Gold Mining Index to gold ratio is at multi-decades (>60 years) lows! Do not gold mining companies make more money when gold goes up?

Maybe there are some interesting opportunities here.

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