Everyone is a good trader in a bull market, but in a bear market, these good traders are reduced to hopium-fueled twitter analysts watching core CPI and interest rates. The former and latter data points serve nothing more as useless, out-of-context generalities for the single-celled Wall Street Bet retail enjoyer. But recent activity across the pond has sparked...
*** THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH AND FORM YOUR OWN OPINIONS *** 10Y Treasury and Gold's Price: Gold is correlated strongly (92%) with the 10Y Treasury. During 2020, during the depths of the pandemic, we saw 10Y rates under 0.5%. This was the primary catalyst for Gold to find its new ATH during August of 2020. This strong correlation makes...
Monthly chart on Gold looking very bearish. MACD is weak going into more selling pressure. Besides continued stimulus there's little to keep gold from testing $1,500 over the next 10 months.
Reminding viewers of what we posted 17 months ago! Lots of research being published today. The simple version is to remember Basel III agreement TCE ratios. That being addressed, GE will need capital. How that does it remains to be seen. GE needs a minimum of $32.25 billion adding non controlling equity back to the balance sheet. A maximum of $52.56 billion...
Hello TA family, It looks like the ABC correction is coming to an end. The Price has dropped below FIB 0.78 to shake out the weak hands. Bullish Scenario: The indicators are suggesting bullish momentum, and we have a huge divergence on RSI (daily timeframe) and CCI (daily and weekly timeframe). The bulls have pushed the price above EMA 21 (daily), the next step...