LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines to Launch New Website

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Is DJIA Headed to 31,000? AAPL Could Tell Us Soon

By: Rick Ackerman, Rick's Picks

 -- Published: Tuesday, 29 October 2019 | Print  | Disqus 

To repeat: AAPL is the only stock we need follow closely to know whether a major top looms for the bull market. The logic is simple: Because Apple is the most valuable company in the world, its shares top institutional investors’ must-own list. Furthermore, as long as those who make their living throwing Other People’s Money at a dozen or so stocks continue to throw the lion’s share of it at AAPL, the bull market is all but certain to continue.  It is not so much a case of AAPL dragging the broad averages higher as dragging the institutional sheeples’ brains into thin air.

So what are we to infer from the chart show in the inset?  Very simply this: If the stock were to blow past the pink line, a secondary Hidden Pivot’ at 248.48, it would strongly imply more upside to at least 283.97, the pattern’s ‘D’ target. That’s 14% above these levels, which would mean 30,951 (or so) for the Dow Industrials.  If this were to occur between now and early next year, it would be a fitting blowoff for the biggest U.S. bull market of them all. Keep in mind that your editor can think of a dozen good reasons why the Dow should be selling for half its current price. Better that you should get bullish advice from a permabear who can read charts than from some buy-side fanatic who believes current price earnings multiples alone justify significantly higher prices.

| Digg This Article
 -- Published: Tuesday, 29 October 2019 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.