QUESTION: Marty, would you do an update on the Dow? As you’ve often said, when the Dow leads the NASDAQ, it is typically a sign that institutional and foreign capital is moving into the market. Socrates called the July low, and the Directional Change during the week of July 27 turned the market back up.
You have also explained on your podcasts that when geopolitical tensions intensify, foreign capital tends to seek the relative safety of the United States. With three major elections approaching and geopolitics returning to the forefront in August, does this still support the traditional pattern of an August high followed by weakness or even a September crash?
You were also correct in calling both the July turning point and gold’s decline despite heightened geopolitical tensions. What is Socrates saying now about where the Dow and the broader markets are headed from here? Are we approaching time to buy gold?
AD
ANSWER: These are important questions. August has been our key target geopolitically. Some market will decline and other will rally because of that. I have decided to release two Institutional Reports on these matters at a reduced rate for the general public. I understand that the gold-bugs are at a loss and those calling for the crash of the century have been wrong for more than a year. All of this has been the byproduct of domestically confined analysis. They never look beyond the shores.
We also just got the video from the Conference and will post the books for sale that were handed out at the conference. These are busy times.