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Stock Market Crash Underway?

August 7, 2023

A week has gone by since my last report, and I think it's time to take another look at the stock market. We've got four down days in a row and there is a four day rule that probably applies here. After a long intermediate degree move, four days in the opposite direction will often mark a turning point and this works quite often for calling either tops or bottoms.

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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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