The China "Bazooka"
CLUB/EDGE client post Tues Sept 24th. China stimulus just in time & where semis & Nvidia go next, as well my silver/gold update!
Rotation Time & Timed!
Monday night I saw + reposted the news:
NEW: Stimulus blitz announced at rare joint briefing of central bank and financial regulator chiefs
• China cuts interest rates, existing mortgage costs
• China lets funds, brokers tap PBOC funds to buy stock
It is notable because not only did China's 10Y bond yield fall to 2% for the first time on record, but I had recently been talking about China - chasing long BIDU, LI & FXI Monday morning in my live trading room!
I did follow up on all those plays this morning plus many more for clients.
Needless to say, China proxies, AND the US stocks that support commodities, were lit!
Client Brian had his best single day evah on his silver trade!
Here’s what I posted under #swing channel in client’s member slack workspace for the gold & silver rotation :
This is the monthly chart of silver/gold I presented back in early 2024 as "MY MOST BULLISH CHART" - and show clients daily. Gold gapped up & rocketed from MARCH 1st 2024, digested 2012 levels AND hit the 2011 ATH LEVELS TODAY!
