#10 Mortgages
The chart below shows the average single-family U.S. home price multiplied by the 30-year fixed mortgage rate. This chart attempts to show how dramatically higher the financial burden of home ownership has become in the United States. Using a cross chart allows us to better visualize the rate of change. Each cross represents one month.
We...
Fundamentals:
Same
Too early for deleveraging...
Technicals:
US Dollar's Retest of Weekly Double Bottom Breakout
Past Resistance = Future Support
Conclusion: Stay on the same course....
Hi guys,
So, Bitcoin has had a green weekend and approached the $54k zone atm, which indicates a ~14% gain since the last long idea. In the last two weeks, we can see BTC touching and getting rejected at the $50k-52k zone and then successfully pumping through. Since we are hitting a considerable resistance zone at $54-56k right now, I anticipate that BTC is gonna...
Gold is not a safe haven, it’s a hedge from fiat currency. Portfolio allocation needs to match your personal risk-spectrum. A common misconception is that people look to gold in times of uncertainty. Gold is not a safe haven, it’s a hedge from fiat currency. A good example is comparing the price of gold to the S&P500 in 2008.
Theoretically if gold was an...
80% OF CANADIAN BUSINESSES WERE CASH-FLOW NEGATIVE...BEFORE THE LOCKDOWN BEGAN!
IT'S THE LOONIE'S VALUE OR CANADIAN CORPORATE BOND VALUE...YOUR CHOICE BANK OF CANADA!
Using a monthly chart of the S&P 500 I am simply charting two interesting characteristics based solely on longer-term technical analysis and charting:
1) what percentage was the drop in 2008 SPX levels and what was the corresponding percentage drop in the stochastic RSI level (to see at what level was it oversold) vs what percentages we have dropped for the same...
It brings me no joy (as a gold/silver bug), but a deleveraging and deflation will cause all asset classes to fall. Gold is no exception and I think we will see $700. Start buying in 2020.
I like this entry here, long the yen. It's possible to see a sharp decline soon, and here the weekly chart is calling for a short entry with low risk and good risk/reward. First target is 105.402 but it could extend lower, so, just follow the trend with a wide enough trailing stop once in profit matching the stop loss distance here.
Best of luck,
Ivan Labrie.
