W/C 3rd March - Markets to rebound? Or more pain before gain?

Plus a quick look at what happened at the White House on Friday + UK wasting more cash

As usual, my apologies if any data and/or information has changed as a result of Asian/early European trading.

World Happenings

Things got a bit spicy at the Oval Office on Friday between Trump, Zelenskyy and everyone’s new favourite hero JD Vance. If you have not already seen the full clip then the link is below.

FULL: Trump-Zelenskyy Oval Office meeting - YouTube#

There are always 2 sides to every argument and my take on this is that Zelenskyy has shot himself in the foot big time. There are various theories out there as to why this happened and how it happened. I’ll do my best to get previous guests Tom Luongo and Alex Krainer back on the podcast to discuss.

Not to worry though as the UK is always there to help out Ukraine in times of need. The optimism about the loan being ‘paid back’ bought a chuckle to my afternoon.

BBC Article

The United Kingdom hasn’t liked Russia for a very long time, so they might as well continue to add fuel to the fire by funding the £2.26 BILLION this way.

That’s ok because at least the UK doesn’t have a crazy energy policy in place………….

Markets

Onto the markets and Friday 28th February 2025 could have seen a very good time to buy the dip. There are a lot of reporters and other financial analysts out there that think that this is ‘it’ and that a massive recession is now happening.

The amount of people online suggesting this gets my Contrarian nose up and makes me think that this is likely a short and sharp pullback before a case of onwards and upwards.

There are a lot of geopolitical trump cards (pun intentional) that could be played at any time and could lead to sudden spikes or drops in the markets. Welcome back to volatility.

Gold

Gold is still overbought on the Weekly chart but is under 50 RSI on the hourly chart. It is also now slightly under 50 RSI on the Daily chart. Timeframes matter. It would not surprise me to see $2,800 get tested in due course but the bull trend is firmly in place and we should be looking up to $3,000 and not through the trap door imho.

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Meanwhile in the land Silver and the major indices….