Peterschiff
SPX Monthly - Adjusted for Real InflationThe assumptions are that money printing is real inflation as is often stated by Peter Schiff and M2 money supply is a good measure of the amount of money that has been printed into circulation. This data goes back to 1959 and makes the dot com bubble in 2000 look much more exuberant than current price levels. There is room for downside from here as the 1966 to 1974 decline and 2008 crash suggest.
The chart also suggests that there has been no real stock market growth since the 1960s. It should be noted that the stock market was a good place to keep capital as an inflation hedge and a source of dividends and that cash kept over this time period would have lost pretty close to all of its value while earning no dividends. It demonstrates how important it is to not let cash sit in a bank and collect dust and to be financially literate. The central bank system punishes savers and forces participation in markets.
The S&P can see a 75% increase or a 68% decrease from here and still be within its historical range. I’m leaning more bullish right now but these are very uncertain times, with the Fed having raised the fed funds rate to 4.75% and the stock market having declined for all of 2022. Nothing would surprise me but this chart helps to show that maybe the market isn’t as ridiculously priced as it looks when looking at the S&P 500 chart alone.
GOLD weekly chart is showing a monster Bull PennantGold weekly chart. the first thing i see is the chart
is its a huge Bull Pennant and reading Classic bullish diveregence.
thats when
there is a higher low on price and a higher low on
RSI...listed in green are the next resistance/price target
and Red lines show support/price drop.
The weekly chart always shows the overall health
of any asset, and to me, Gold looks slow but healthy
and will just take time, or could explode if they allow
the chains to be broken so it can do its thjng.
Bitfinex BTC Schiff Pitckfork Insane!This chart is not meant to be looked at from this view. I just want to show an overall picture. The Pitchfork really shows its strength when you look at the action at these trend lines on the shorter time periods such as the 4HR.
My last one was able to give me the ability to call most of the action between January and June 2021; ~85%.
This one looks pretty good too.
I make these to share and because I like looking back on things. I hope this helps someone understand my perspective on btc at the moment. I have a video as well if one is interested.
Points for schiff Pitchfork.
Low of Jan 12 2015
High of March 09 2015
Low of August 17 2015
Don't get PLAYED by Big Money: Inflation Trade Over?To trade the markets you have to be AWARE of the world and what is going on. We have to read the news every day but we should not always take what people are saying at face value. The news is never a leading indicator but it can at times be an INVERSE indicator. Don't get played by big money "talking their position" ...
In this video we look at examples of the last two years when the media hype was the OPPOSITE trade to take for...
AMEX:GLD
AMEX:USO
AMEX:SPY
NASDAQ:TLT
What Gold Bugs Will Not Admit and Will Never Tell You.Gold up 800% in 2 years, and then falls 70% and stay sideway doing nothing for the next 20 years.
Gold bugs will not consider as pump and dump because Gold is "sound money".
That's what happen when your life revolve around you selling gold to make money.
In this case, there is nothing different between gold and stocks and other assets, all subject to manipulations.