Short Analysis on GDX/Gold in 3 bullet points; Series on Commodities and the 2020 outlook - 21st of December 19' Before I get into the analysis, wishing you all Happy holidays! Here's the simpler version of the chart: 1. Few key takeaways: Despite that the current resistance at ~31 is holding , the breakout in GDX is eminent . The question is of the timing ....
Analysis on Treasuries in 3 detailed bullet points ; Series on fixed income and the 2020 outlook - 21st of December 19' Before I get into the analysis, wishing you all Happy holidays! 1. What's the outlook for 2020? Compared to the summer of 2019, the recession fears have somewhat phased out. Nevertheless, weak global macros(PMI's, Growth) and the...
Gold has been trading in the range for a long time, now, as Fed is about to make rate decision and it's also time for President Trump to give his decision on Tarriff on China's goods. It's time for Gold to break the range. As seen on the chart, on the bigger time frame, Gold is ranging in a big Triangle and it's only move about just 1/2 of the length of the...
If there is a drop in price from FED news today I will be looking to go long. Here are 2 sets ups I'm looking at. If we see a strong enough drop that leave a large profit zone to the upside and I will most likely hold the contracts for several days. Entry 1: 3063.25 Stop: 3055.25 Target: 3127 Risk/Reward: 8/1 Entry 1: 3025 Stop: 3015 Target: 3127 Risk/Reward: 10.2/1
DXY testing again his long term upward trendline. It's about to bounce or break it! -If DXY goes up, EURUSD will go dow. -If DXY goes down, EURUSD will go up. Remember tomorrow will be the Fed Interest Rate Decision.
FX_IDC:USDEUR Tweaked a couple of the levels and TLs around, but still steady grinding on up. Still shooting for parity unless Trump gets his way with the Fed to weaken the dollar. Looks like .90 will finally turn to support.
EURUSD Buys @ 1.1020 Stops: 1.0970 Take Profit: 1.1200
Gold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months. To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of...
We are only 1 or 2 years away from another full-blown global competition for currency devaluation. The next crisis will NOT be like 2008. In 2008 we began the crisis with the US Dollar Index (DXY) at an all-time record low and the crisis caused a flood into the dollar. Where we are now is much more similar to 2000: High dollar, high stock market, quiet...
The Repo market is proof that something is wrong with the system. It's an unsustainable system. Rates need to stay low and money needs to be printed in order to sustain this bubble - eventually this will create an intolerable amount of inflation. As the market realizes that QE isn't temporary, that it is permanent until inflation is out of control, then...
"Monetary Base is the sum of currency (including coin) in circulation outside Federal Reserve Banks" -St Louis Fed The amount of money pumped into circulation since the great recession is discussing. Asset inflation is making things worse. Buy Gold Buy Bitcoin
www.newyorkfed.org Repo has been the talk of the town lately, and the Federal Reserve has so far downplayed the issue at hand. Fed chair Jerome Powell did mention this problem in his last FOMC press conference, but again told journalists and viewers that this is not quantitative easing (QE). Repo and QE both inject money into the system. he difference is...
If you are familiar with the Gold to Silver ratio (XAUXAG) it shows us how many ounces of Silver is required for 1 ounce of Gold. So currently, it takes 85 ounces of Silver for 1 ounce of Gold. Gold and Silver have been monetary metals for centuries, and historically, the Gold and Silver ratio has been 14-16:1. Silver lost most of its monetary standing due to...
If you follow my work, you know how the Bond market is crucial to my analysis. It is the largest market in the world, and we are heading to a period where central banks really have no ammunition anymore and are using rhetoric to maintain confidence in the system. The history of humanity is cycles of hard money and soft money. It seems we are reaching the end of...
Price closed above what was resistance & now is support, trying to retest at the 0.68794 but failed. But also closing above the 0.68794 Which is now support with the bulls to over ride with a continuation to the upside. Even looking at previous support (green box) that there was a chance for another push to the upside. With the Fed rate cuts to 1.75% allowing the...
While the SP500 trading at all time high and Mainstream media and the American Government is just talking about how wonderful, bright and happy everything is i just want to share the technical chart of 2019 Federal Reserve Fed Cuts on the SP500 Chart which were done this year. 31.07.2019 2,25% SP500 dropped 8-9% 18.09.2019 2,00% SP500 dropped...
CADCHF at an important resistance zone. I want to preface that tomorrow we have the Fed rate decision and we can expect some volatility. Be careful with currencies such as the Yen and Swiss Franc. We have a nice trend with multiple swings. You can say we have a double top too (more on that below). What I would like to see is a confirmed first lower high swing to...