BOOM broke line Going parabolic!!
40 years inflation high
Now we go to all time inflation high
Sell before its late
(((Dont fight the FED)))
Useconomy
Ever wonder what’s preventing the market from a massive crash?The answer is DEBT
Real GDP (Green) US Public Debt(yellow).
Look at how aggressively debt has grown from 1970 till today.
Just to bring this a bit closer home. It’s like constantly getting yourself in financial trouble yet the bank keeps giving you more and more credit.
If the government was an individual, it’s credit score would be less than 500. And even with a shitty score like that, they keep getting more and more into debt.
This is NOT capitalism. This is the part where gamesmanship applies.
The question becomes, what happens to our economy if the government didn’t bail out or print any NEW money for 10 years?
In other words, Be slightly paranoid when it comes to your investment philosophy.
Play offense, but stay alert.
BITCOIN OUTLOOK, 2022-2023 - Rain, before the rainbowGreetings community
As the crypto giant sets the tone and leads the pack, it is evident to see examples of 'impulse-correction-impulse', or 'drop-rally-drop'. Whilst down significantly, it is still up significantly to early adopters. It is sometimes good to remember that even with this plummet, BTC still is, and will always have the highest growth factor and ROI across any asset. This correction was inevitable and should bring smiles to faces of all - as this is not a tragedy, but rather an opportunity of a lifetime, to what is, and will continue to expand as one of, if not, THE primary currency of the world.
It is a digital world, and as consumers we need to understand Bitcoin will be to us, what Gold and Silver were to our forefathers. It is actually the primary digital commodity of the 21st century, that every being will require, to 'barter' across platforms and exchanges for other necessary tokens, in order to transact daily, as with every tomorrow, fiat currencies all over the world, evidently loses more trust, and more value due to being unable to keep up with inflation.
I have illustrated my outlook on Bitcoin for the next few months. We are clearly in corrective state despite mandatory manipulation here and there. There is no two ways about it.
Avoid FOMO, perhaps, rather watch the BTC chart as you'd binge watch a Netflix series, every night. Well, at least until Q4 2022, leading into Q1 2023.
Anticipate long positions between 10-13k.
Notes:
-Inflation & Interest
-Recession rumors
-Bear market continuation
-US/Global economy
-Safe haven of the future
-Crypto in the Metaverse
Ever heard the saying, "Fall down seven, stand up eight." That sums it up pretty well.
MARCH MADNESS (Major historical event key dates and price areas)The patterns are there if you look close enough you will see them.
EVERY MAJOR ECONOMIC HISTORICAL EVENT HAPPENED IN MARCH.
EVERY SINGLE ONE.
- We are not in a recession. The recession has not started yet but it is imminent.
Something to keep in mind is when the economy is in a recession the dollar deflates not inflates and unemployment rises.
Something big is going to happen March of 2003. Just like March of 2020 (Corona Virus)
My guess is the planned "Russian hacks" will begin in the United States initiating a war crime agains the US thus commencing a new WWIII
***(Keep in mind the Russians have already hacked a MAJOR United States cyber security company as of mid 2021)***
All major historical events have always been and will continue to be orchestrated and planned.
Brace yourselves, .March of 2023 might be the start of the new Great Recession.
Reference the dates and historical events on the chart. I can't make this stuff up.
-Lomeli
SPX500: Down goes the economy!Get ready for something we have never seen before in American history.
SP500 recovery or dead cat bounce?Hi traders this analysis is very simple and uses some basic methods.
I'm using the "filling gaps" method, the SP500
During the last years this method has been simple but effective.
I'm worried about the gap left in November 2020, the SP can easily go and fill it considering we are only 15% above it, and in June 2022 we dropped 12% in a single week.
This gap confluates with the ATH before the COVID crisis, so by technical analysis we know:
“Previous resistance, now new support.”
So I am considering a bounce of the SP500 until 4000 and then possible sell off.
All financial markets follow SP500 including crypto.
So I'm expecting a DEAD CAT BOUNCE on all markets.
DXY macroview for 2022 - Will the history repeat?This analysis has a lot to look at.
Lets begin with the DXY at the end of the 70s, those times my parents were just born, so I had to do research.
The US 70s crisis. According to the information I gathered, this crisis was due to the trade balance deficit. A strong speculation against the dollar appeared due to the American economic weakness.
In March of 1985 the DXY crashed 52% and by September of 1992 a bounce happened, this bounce took the DXY to the 0.5 Fib Retracement level, and when this level was reached, the .com bubble took place.
In January of 2002 until February 2008 the DXY crashed 41% very similar to the previous scenario.
(To make this easier to understand I drew a path using dotted lines, the pattern is similar except on the timing aspect.)
So I think that the DXY will reach the 0.786 level area and then … darker days will come.
I'm also considering the “The typical big cycle behind empires rises and declines” by Ray Dalio and also the fact that every 100 years empires suffer.
83 years have passed since the start of WWII, this war marked the beginning of the American empire, this means that we are 17 years away from the 100 anniversary, these 17 years coincide with the emergence of China as the 1st world power.
This is all I have to say for this analysis, I appreciate your attention
Will sanctions on Russia backfire on the U.S.? What about crypto- Sanctions, led by the U.S. in hopes of punishing Russian aggression may NOT have the impact the U.S. is hoping for? Could they actually backfire?
- Saudi Arabia rejects Biden's request for talks on increasing oil production and instead announces that they are considering accepting Yuan instead of dollars for Chinese Oil sales (per house rules, links to sources are not allowed)
- India's move to "explore" alternative payment channels with Russia to avoid sanctions (per house rules, links to sources are not allowed)
- With official inflation numbers running at 8% and climbing the Federal Reserve is being forced to raise interest rates for the first time since 2018 (per house rules, links to sources are not allowed). Multiple rate hikes are projected. The last time rates were raised markets crashed and the Fed quickly reversed course. This leads many to say that the Fed won't really raise rates as much as projected, because the market won't let them, but what these people don't seem to get is that in order to finance the U.S. national debt, new debt has to be sold every year. As inflation rises countries like Saudi Arabia become more and more inclined to invest in assets that show a return or at least hold their value. This means that unless you raise the rates to a level that offsets inflation many investors will move elsewhere and you won't be able to take on new debt. Central banks are cornered. Once they start raising rates government budgets will quickly hit a wall as interest payments on existing debt become unmanageable.
- This may devastate the dollar along with the U.S. economy, but it may be great for crypto
US500 LongHey traders, in today's trading session we are monitoring US500 for a buying opportunity around 4220 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
NZDUSD SHORT Negative NFP for USD didn't make USD pairs go the other way because US economy is very strong and DXY will raise soon. NZDUSD looks very berish on weekly and I found and entry Friday on the 1h. What I see is a bounce from 0.67200 area where there is a daily resistance/support, then back to the yellow line where there was a previous support ( which you can use to re enter short) and then back down for trend continuation. Fundamentals USD is very strong and I see this pair going to 0.65 by January latest.
USD Quickly Lost Ground To Major Trading PartnersAs of writing, the DXY is trading at 93.355, down by 0.50% on Thursday trading.
GDP growth in the US may be contributing to this 4-week low in the dollar index. GDP growth missed expectations for Q3 2021, reporting in at 2.0% rather than the expected 2.7%. Q3’s GDP growth represents the lowest value reported for this data point since the US began to recover from the worst of the pandemic.
Supply constraints have been pointed out as one of the major causes for the GDP growth miss, as reported by Fannie Mae earlier in the month. Fannie Mae expects the constraints to continue for another 12 months, although weakening in intensity as time passes.
USD suffers greatest loss against the EUR
The USD has lost the most ground against the EUR in the past 24 hours. EURUSD is trading at 1.16831 at the time of writing, up by 0.72% and a one month high for the pair. The cause of the EUR's strength: The public address by the Christine Lagarde, head of the European Central Bank (ECB), playing down any fears of inflation.
While Inflation in the Eurozone is at a 13-year high (3.4%), Lagarde and her ECB associates are not ready to drop the notion that inflation is transitory. The ECB want to see inflation above 2% over the medium term before considering rate hikes or taking a more hawkish tone.
The ECB believes that inflation in the Eurozone has been driven chiefly by supply bottlenecks and energy prices. It could be some time before investors see any change in the dovish stance of the ECB.
Supply constraints are expected to last for a great deal of time, as noted above, while energy prices are yet to show any sign of abatement. The Biden administration has asked energy producers to lift production to help drop the cost of energy. But the request is falling on deaf ears.
At the time of writing, WTI is trading at US $83.04 per barrel, while Brent is trading at US $84.39 per barrel. Both Oil instruments are trading at multi-year highs. The price of Natural Gas does swing widely day-to-day. A 7% swing either way over a day’s trading is not uncommon. Yet, Natural Gas is still trading at US $5.732/MMBtu, more than double the price at the beginning of 2021.
THE GREAT CRASH IS COMING! This Fractal Pattern Tells Us Why!Hello friends! It's been a while. Many apologies for that. Life has been busy so I haven't been able to dedicate much time to T.A on TradingView.
I have recently pulled out of Crypto, just waiting to see if Bitcoin decides to break-through or crash. Patience is key here - keep cash handy. You want to be sure of your investments (easier said than done in these very strange financial times).
I have been researching the U.S Economy lately. How is it that in that there is no correlation between the workforce economy and the stock market?
The U.S have recently averted default (when you're unable to make a repayment) by once again - lifting the debt ceiling to 28.9 trillion US dollars (yes, that is correct). This situation, better known as Cockroach Motel is a game that has never been played to this extent before. Keep avoiding a recession by printing your way out of it. Negative consequences? Yes. Many.
Here is a dump of my notes and why the US isn't in as good as a position as you may believe:
✓ Uncontrollable Inflation due to the U.S's printed economy.
✓ Debt highly leveraged across all trading firms.
✓ Feds left with no further tools due to 0% interest rates.
✓ Commercial property vacancies increasing.
✓ Energy shortage crisis in Europe and China.
✓ Rising expenses, declining incomes.
✓ Gas and oil prices at an all time high in Europe.
✓ Commodity prices at highs not seen since 2011.
✓ Irresponsible government spending and federal policies. (Yes, the Biden Administrations 'Build Back Better' agenda is a little too pricey for their current situation)
✓ Evergrande and Fantasia Holdings on the brink of bankruptcy in China.
✓ 2008 GFC was the housing bubble crash. Every asset is currently in a bubble. We are in a debt crisis.
✓ 40% of the money in the US economy has been printed in the last 12 months - now more. Feds have printed their way out of the 2008 and 2020 COVID-19 recession and made the debt bubble larger.
✓ Effective Federal Funds Rate is down to 0.8% - cheap money.
✓ Post 2008 recovery is an ongoing untried experience.
✓ Market is currently parabolic, as seen in 1929 crash which results in 90% drop.
✓ Wealth gap is increasing due to printed money. Asset prices increase as yearly salary stagnates/decreases due to inflation. This makes the rich richer and the middle class and poor poorer.
✓ No correlation between the economy and the stock market. Money is staying in the investor market.
✓ Velocity of money is plummeting. People are not spending. The Chinese economy is growing while we are stuck with a massive debt.
✓ Saving going up and spending going down. Debt/GDB ratio is extremely high.
✓ Huge underemployment.
✓ Massive social unrest. Fed and treasury haven't invested in the working class.
✓ Superannuation is going to crash which will force many to convert their portfolio to liquid money.
✓ Armed the Taliban in Afghanistan. Weapons will be used against our only ally, Israel.
✓ Yallan and Powell work for the Fed and treasury which is essentially a communist organisation.
✓ Bullish Gold, Silver and BTC
✓ Michael Burry and Robert Kyosaki predicts crash of 90% and American financial system collapse
✓ The US Government is inviting inflation with its MMT tinged policies, brisk debt/GDP ratio, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus and reopening to boost demand as employee and supply chain costs skyrocket
✓ Consumer price index reaching all time highs.
✓ Biggest speculative market of all time - Robinhood generation
✓ Real-estate is currently experiencing hyperinflation.
Back to the Chart:
I found a fractal pattern from the 2008 GFC which is quite similar to this crash. I wouldn't compare it to the Dot Com bubble as that was far more speculative. This crash is similar due to greed - the belief that the economy will never crash and just continue in the upwards direction despite increasing debt at levels never seen before.
Enjoy this fractal and better yet, enjoy the rest of your day.
Love, peace, Seb.
Big Bubble in US tech stocksNO VOLUME and making new highs, BEARISH DIVERGENCE, as you know APPLE is one of the major stocks for the US economy, I can see that right now theres is a big bubble around american tech companies, (google, amazon, facebook, etc)
So in the next coming years we MIGHT see a huge crash in american stocks, and by consequence in US economy.
And Im not sure about this crash because the US goverment cannot allow something like this, but in this world anything is possible.
If there is any grammatical mistake I´m sorry, bout right now I´m very drunk
this is an experiment to see if being drunk is good for the analisys.
US Markets to See Big PullbackWe've been on quite the bullrun this year. I think it's time to go short.
Technically:
For the first time this year, we have fallen below the 50ema on the Daily and failed to recover above it. We normally recover same day or next but its been 6 trading days below the 50ema. We made a lower low in June which signaled a sign of weakness in the uptrend. Now we are again making another low below August 19th low. I think its time we retest some support levels.
Fundamentally:
- Fed has talked about tapering and possibly raising rates buy EOY/early next year
- Covid Delta variant is on the rise, raising fear in multiple countries
- US Congress has not yet voted on the Federal Budget and will most likely go into a Government Shutdown next month.
- China cracking down on Tech + Evergrande 300b default is likely to make some waves globally
Levels to watch:
- ~34000 (July Low)
- ~33200 (May High, June Low, 200 ema)
- ~31200 (New year consolidation range)
- ~29600 (Pre-covid High, Feb Low)
EURUSD - USD Likely To Rise further - lower interest ratesWanted to share this around the outlook on the EUR and Dollar. Looking at a more long term chart one notices the weakness in time of the EUR versus the Dollar.
All simple and forward. The dot.com bubble burst was more difficult for the EUR zone then the USD. Same for the subprime crisis.
Then came the negative interest rate in Europe. And that sucked most of the life out of the EUR.
These negative interest rates are still ongoing in Europe and along comes what history maybe falsely will claim to be the Covid-19.
So what could we predict for the future of the EUR and USD.
The US is dealing much better with the Covid pandemic. Vaccines are being administered in record times. The US economy will likely bounce back better and faster then in Europe.
The now democratic leadership will initiate a central bank based digital USD and will use it to provide economy stimulus. The ECB will follow suit.
Yet given that the US is pumping way more USDs into the world then EUR is being created all this stimulus will be stimulus in USD.
The World Economic Forum is setting the tone of where the money will flow.
Et voila, I believe the EUR will drop further.
Keep in mind this is like all predictions crystal ball territory. I believe the historic view shows USD will reign. Only maybe the Chinese could put a dimple into that, but the US is sure to work against that.
So stronger economy and recovery means stronger currency in my view.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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DXY – Down to weekly resistance areaFederal Reserve Chairman Jerome Powell on Wednesday February 10 painted a bleak picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. Addressing the issue will require a “patiently accommodative monetary policy that embraces the lessons of the past” regarding the benefits that low interest rates bring to the labor market, the central bank chief told the Economic Club of New York.
We believe that the low interest rate environment will continue and that the FED will continue to increase the money supply putting pressure on the dollar index to go lower.
Technically, after a corrective period that lasted from January to the beginning of February it seems like the dollar index is resuming its weekly downtrend. We are now waiting for a smaller corrective pattern and then go lower to reach the rectangular area of weekly resistance where the price reversed in January 2018.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
THE US DOLLAR ($DXY) IS ON THE VERGE ON GETTING OBLITERATED...!!THE US DOLLAR (DXY) SITS AT THE TOP OF THE 3RD OF A SERIES OF BEAR FLAGS WHICH HAVE BEEN PRINTED SINCE THE BEGINNING OF 2020... THIS CURRENT LEVEL (THE CLOSE ON 2.3.2021) = 91.101 (What an interesting number for a possible break down hmmmm) was support & then later resistance before breaking thru higher in 2018... now we appear on the verge of a break down from this level in February 2021...
The next level of support below this is ~89.664 which held as support back in 2018.
Hang tight...!
Pyramid scheme noos numero 131- Dan Lok, motivation success coach that preys on impressionable 20 yos, sued by real owner of "his" mansion 😏
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Yikes. The self proclaimed "best selling author" and "world's #1 closing & influencer business strategist" that got into 6 figures debt and failed 13 business attempt in a row before "becoming a multi millionaire that now wants to help students find success", has been sued by the actual landlord of his mansion after failing to pay the - ahem - 35,000 monthly rent.
The mentor migrated from Hong Kong to Canada early on, and soon his father would have to declare bankrupcy and would not be able to support him & his mother. And this is when he learn hard honest work. Or nothing at all and just followed dad footsteps.
His 16 to 30 year old students are going to be so disappointed :( Maybe he can convince them to pay his rent? Now that would be hilarous.
2- BLM & Antifa gangs terrorizing the USA, al-Qaeda delighted, ISIS predictions make me look like a permabull 😳
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I say this often, but imagine my surprise.
An impressionable and not very bright security agent that was "peacefully protesting" (I cringe everytime I read or write this 😆) ran in the back of a man and kicked him in the back of the head, like the courageous & virteous hero he is. The man was made to sit by the "right side of history" BLM gang that ganged up on him after he defended a trans woman that they were assaulting.
The media is silent obviously. Police said his condition was stable. Translation: he is on life support and might never wake up and if he does he'll be handicapped for life, but we don't want people to fight back and the situation to escalate.
The mastermind attacker that was identified by 4chan said "wElL hE wUz raCisT sO wE hAd tO deFEnd OurSelVEs" (by hitting him from behind when he was sitting down and not hostile).
A black man, another gullible 25 years old, probably brainwashed by the media and sneaky little politicians that whites are hunting down blacks and getting away with it, non ironically just EXECUTED a little 5 year old white boy. The creature defended itself with some gibberish along the lines of "well he was on my property duh he was very suspicious amaury live mattered".
Some BLM supporters said they were happy about it. Even on non anonymous accounts. Nothing happened to them. And the media is silent as usual.
Al-Qaeda is overjoyed with the US situation, is writting about it, and hope they can use the social issues in the USA to recruit ... you know it already, as usual gullible young (mostly) men 15 to 30. Here are all the ages of the 911 terrorists: 33 22 28 22 25 23 24 22 20 22 29 26 24 25 20 26 20 24 21. Something wrong with human brain development.
For its part ISIS, that wants to establish a racially pure 4rth reich-caliphate where white women will be sex slaves "just like in the good old days" and blacks cotton pickers, is seriously pissing itself, no other way to put it. Good job big brain commies you are even making racists happy in Iraq.
This is pretty much what the Islamic State is saying, from one of their editorial in my own words: "Just like the non-believer infidel dogs scoffled at the chinese virus and did not expect it to spread and did not prepare, they are now studying the US situation (god's punishment) and not preparing for it, because the US situation in that country will explode we have seen nothing yet and it will also spread to the entire world. Growth is gone, company bankrupcies are spreading, unemployement crime and poverty are spreading and there is not any hope this nightmare will end. Other countries are as weakened as the US by the way they handled the pandemic as well as years of economic social & political ills that have eaten them away (gee they got a point). And once the unfaithful countries will burn to the ground they will stay away from the region and the true muslims will finally be able to rid the arab world of the tyrans (and establish a New World Order 😉)."
3- Greece-Turkey migrant & border crisis: France sends warships. "Covid Hoax" Belarus: NATO troops at border 🚢
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The mainstream media just whined that Greece sent 1,000 migrant away to the open sea.
So they have migrant issues, border issues, plans were "discovered": Turkey war plans against Greece.
There also have been some clashes, and recently Turkey has been exploring Oil in contested sea.
France has taken the side of Greece, and sent a few ships & planes.
The main subject is the border dispute but hordes of migrants are also part of it, and I think the root.
A few months ago Turkey even threatened Europe they'd let millions in if they did not receive money.
Migrant will forever keep coming to Europe as long as the GDP per capita will be higher and they will be benefits. What do you expect "come here we offer free money". West africa has 120 mouths to feed for 60 workers while Europe is something like 60 mouths to feed for 100 workers.
So poor countries will stay poor and keep making 10 babies and will keep migrating...
It never worked and comes with its issues so Europe and NA will collapse of itself anyway, and that will solve it.
There is also an investigation after Greek troop are suspected to have shot some migrants.
The kills happened after Turkey let migrants flood in Europe back in March when they threatened Europe for money as I said.
It all started when Morocco and Lybia closed the gates a while ago, leaving Turkey as the only entry point to Europe (for those that don't want to end up as fish food).
The UK is also pretty pissed at France that keeps throwing boats of migrants to them. Nice powder keg.
The Soviet Union never had any migrant issues... Well they did by Emigrants, not Immigrants.
4- France "socialist" Jean-Pierre Chevènement: "Our society is falling apart and I am worried for the republic" 📉
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A retired politician that served as french minister several times, for different functions, member of the socialist party (France left) gave an interview recently.
He is rather satisfied of the comeback of sovereignty (socialist, not marxist, and by the way even George Soros is pro sovereignty oh well officially he is).
JPC calls himself a republican. Sight, semantics. He says migrants should not be thrown away and be given a chance, but at the same time they have to integrate to the republic (not burn its flags and spit on policemen). Oh boy, the socialist from the 90s 2000s is a white supremacist!
I remember seing him down the street back around 2000, every one was polite, he did not have plenty of guards. He'd probably get stabbed in the back today, how times have changed...
The french socialist party has really gone to crap, I mean popularity wise. A decade ago the lame president wanted to force "the rich" to pay 75% income tax or more, and had a confiscation tax (socialist France already has a wealth tax but this was bonus), because he does not understand that currency is not the same as purchasing power. By the way the whole world already has a wealth tax around 3%, it is called inflation.
Their results are not as bad as the UK labor camp, maybe they'll learn a lesson and not go full extreme.
JPC says that tribalism is threatening the republic, and society is divided and more and more violent (no mention of media & migrants).
The ACTUAL SOCIALIST (not megacorp globalist socialist) says that it is worrying and saddening that PATRIOTISM is disappearing in France, and that we can not have civility (an important french value) if there is no PATRIOTISM.
Which is necessary for the country to regain its (tech & industry) independance.
Note from me: some countries have come to rely a bit too much on foreign country for industry needs - industry is the real wealth creator - and only rely on services. Global trade is nice but full reliance is stupid and prices will be paid.
He condemns the removal of statues and says France should not bow down to intimidation from "decolonial" and "racialised" gangs.
There is more in the article but then it differs from the global subject and don't want to write a book.
Lmao there is a good one "Those that sucked the SOS racism cow udder back then did not go far". Ye go figure.
The communist party in France does not support these clowns (the "peaceful protestors"), not sure about the joke that is now the socialist party, the right and far right don't, not sure about the cattering center. Plus France already knows socialism well, and it has not been ponzi scheming students for decades, and it has not been abandonning people on the ground in front of hospitals, literally letting them die in agony because "sry can't afford it", the french are always striking and complaining but they don't have a reason to be that mad.
I don't think the country will burn, but there are challenges. Might see Frexit in not too long. Maybe the end of the Euro... Germany gains so much from it, France loses so much.
5- Goldbugs euphoric that Warren Buffet sold banking stocks & bought some gold stocks: The Gates Are Open 💸
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Berkshire bought gold stocks with some pocket change, a mere 500 million, and also sold alot of banking stocks.
Goldbugs are very happy. One reason it allows the hedge fund sheeps to start buying gold & silver.
If the price goes down they can always say "well Warren did it".
Years ago Buffet & Munger had the biggest silver position in the world, 129 million ounces I heard.
So if they started buying and this is a possibility... There could be some big buying.
Gold is above $2000 once again, but I think we might still be in B. Will short if the price goes under B(min) and will buy if we go above A high.
If you calculate gold inflation adjusted price compared to the start of the XXth century, it comes to $500/oz.
Compared to GDP, MZM, M1/M2, the world money supply, world pop, etc you can get to pretty interesting numbers.
World pop more than quadrupled in the last 100 years, so brought to the population ignoring the change in supply, that's $2000 gold here.
Then add the gdp per capita immense growth, not Venezuela thought, they're at -80% already, probably even lower. Haha. Nice social programs.
Ok the world gdp grew more than 25 fold, so that's at least $12,500 gold ounce.
I don't think the supply grew much.
There are clowns saying "bUt gOlD iN thE sEa" sad. Not even going to argue about the economics or logic of it.
Just going to laugh and be sarcastic about it. Remember when for thousands of years there were big open mines in particular in west africa and the price did not fall?
Remember ancient days when people could just look down and pick up gold nuggets and price did not just go to zero?
Remember the US gold rush with rivers flowing with gold and people picking it up and the price remained strong?
Remember when we just all completely gave up gold because it is all around us, which is never?
6- China full of permabears, conspiracy theories: fear of ending up behind a Financial Iron Curtain (like Iran)
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Remember the biggest USD bagholder in the world, China, that was in the denial stage recently but wisely reduced its risk by buying gold?
They are between anxious and panicked now. There are not hiding it anymore. No more masks, no more lies.
They bought into the biggest ponzi scheme in history. They worked hard for billions of hours and gave real things to fatmericans.
And what did they get for it? Worthless magic bean money 😂 A "promise". A promise that "ye sure one day we'll provide you with goods for this".
Their explosive growth has ended. They really thought communism was a big success. They have far higher inequality that EU(28) and even higher inequality than corporate infested america. They got very hopeful when they became less poor than African countries, and when growth accelerated (because of special economic zones) they got real euphoric. This was the top. They have been hit in the face with a big slowdown, and now have all the old problems (but not the wealth) of the west. Oh no so close.
Their gdp per capita reached a whooping $10,000/capita and they actually thought they'd become a rich country. Funny.
Now they are doubling down on communism, sending Uyghurs to concentration camps, destroying statues of Buddha (they must be racist statues).
Oh boy.
Only 2 things have fueled their growth:
- NON COMMUNIST SPECIAL ECONOMIST ZONES WHERE LIBERAL FREE TRADE IS ALLOWED (and btw tax rates are at most 20% or less)
- APPLE SWEAT SHOPS (etc)
Trump stated on twitter I think, that he wanted to fight income inequality. Dum dums acted surprised like this is not what he has done.
And basically this + everything else mean making the USA a net exporter again or at least not a ponzi schemer.
Bringing jobs back to the US (Apple & Google etc are very mad they might not got their cheap slaves in suicide net surrounded factories).
Well and so on.
So China would not only lose its main source of income because that's all this garbage regime can do, but they would also lose their lifesavings if the USA decide to just exit scam :)
Rip.
Politicians and economists (the guys that are always wrong) have been publicly discussing their fears of the USA freezing their bags, and cucking them out of the dollar world order.
Oh my USDCNH is sh***ing itself while I type, it is going below all my levels.
Mentionned it in my "plan for the week" idea. Here it goes. It's already far for me to chase H1 I want a bigger pullback otherwise no go.
It's going to zero.
GBPUSD looks exhaustedI feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how this plays out.
S&P 500 Weekly out look to 2021 [long term short]We are seeing an aggressive stimulus from the US right now- where the re-opening of the economy looks to be strong.
However with many companies with profit margins hit, it will look to be a big shock in reality when the new changes and consumer mindset shifts.
We can only analyse the growth from the chart - and the large sell off showing a huge retracement - this cancelled out the growth of the US economy in about 4 weeks in terms of 26 million jobs on furlough and jobs lost.
We have not seen credit crisis as yet, however the fact that bailout stimulus and money reserves being depleted - shortages will be created due to the demand and cracks will be evident.
Take it to the supply & demand strategy using the record highs as a fresh supply - have to wait for the rally to indicate a rally base drop scenario.
This will take a long time to play out but this is scenario one.
Leave your thoughts and analysis.
Lupa Capital
SPX: just some infosHi Guys,
Here what happened two weeks ago when Powell testified during the Three Days of the Condor.
Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin are due to testify before the U.S. House of Representatives Financial Services Committee today at 12:30 p.m. EDT (1630 GMT) to discuss how funds were disbursed to households and businesses.
Will NY buy the Index?
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
SPX: Daily some infoHi Guys,
following the Three Days of the Condor, SPX futures found three key supports:
1) Level 3000;
2) 200SMA;
3) 50SMA.
Will it bounce or will it cross?
Here a snapshot of the hourly candlestick chart providing some infos:
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
