GOLD has always effectively hedged against inflation, the USD, and overvalued 
SPX markets. Current geopolitical uncertainty bolsters its value. Markets are heavily overinflated; the Shiller PE Ratio is higher than that of black Tuesday. 
GDXJ is setting up bullishly, making it a great independent and inversely market correlated hedge. Relevant charts:
- GDXJ with confirmation on a higher timeframe, the weekly chart: snipboard.io/loGMHV.jpg
- USD futures showing overvaluation, approaching resistance, and uncertainty in price action: snipboard.io/VqYBJl.jpg
- S&P 500 index showing extreme overvaluation and bearish divergence between price action and RSI; confirmation with ADX: snipboard.io/dygiXW.jpg
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.