Takaki Kagemitsu 『Weekly Gold Market Outlook』 November 9, 2026 issue
Takashi Kabuki, Chief Executive Officer of Investment Daily News, a pioneer in astrology-based market analysis and a leading figure in financial cycle analysis, writes a weekly report on gold market outlook.
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※Next week's gold market outlook will be issued on Tuesday due to scheduling. We appreciate your understanding.
Last week, with Democrats winning both the House and the Senate in the U.S. midterm elections, AI regulation and restrictions on data center construction tightened under the new congressional composition, leading to reevaluation of huge capital expenditure plans and a sharp drop in AI-related stocks. As a ripple effect, the stock market fell sharply overall, but the gold market rebounded.
I stated last week that the supposed phenomenon of stock shock leading to gold price declines would occur.
“Stock weakness / falling interest rates move in a formulaic way, and gold’s decline can be viewed as a reaction to stocks’ weakness. In other words, gold is being dumped as investors convert stock gains into cash. This follows the formula we have long pointed out: gold would fall when stocks plunge. But if the situation develops into a much larger stock decline, interest rates would fall further, and the Fed’s policy would shift from rate hikes to rate cuts. Then gold would turn around and rebound. This resembles the situation in September 2008 when stock prices plummeted due to Lehman Brothers’ collapse. Gold also fell, but the bottom was reached earlier for gold (see the left figure).
Ultimately, the Fed’s emergency rate cut encouraged a flight of funds into gold, which is also a standard reaction to stock market crashes.”
Please refer to the PDF file for the continuation.
【Takashi Kabuki - Profile】
Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst Raymond Meriman to publish the domestic first market cycle and astrology reports. Esteemed for cycle and astrology-based market analysis. President and CEO of Investment Daily News Co., Ltd.; President of Investment Daily News Publishing Co., Ltd.; Member of the Japan Technical Analysts Association; Editor-in-Chief of ‘Investment Daily News α’.
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