Thursday, January 17, 2019

PONZO Updates for SLV, GLD and XOM....01.17.2019

Following yesterday's SPY/QQQ forecasts here are the forecasts for silver, gold and oil (via XOM).
A few high profile names came out today with rosy prospects for gold this year and the PONZO chart certainly supports this.  If looking for a safety net GLD looks to be a better bet than SLV (right now) while global economic slowdowns may sustain the current neutral outlook for oil.
Tomorrow ...the financials and utilities via XLU ...my favorite butterfly play.