Powell's admission that he's not even thinking about, thinking about, thinking about raising interest rates means there's no possible scenario under which the Fed would raise rates. No matter how low the dollar falls or high gold goes, the Fed will be late again. I suspect the mmimd or lower 80s the the DXY is on the way. This is based on clear-cut macroeconomic...
Central bank swap lines decreased by another $33 billion over the past week.
At just $122 billion, they're about 3/4ths paid down from their $449 billion high point in May.
Here we see the correlation of Gold (XAUUSD) and M1 (money supply composed of physical currency and coin, demand deposits etc). During the last two financial crises (DOTCOM and SUBPRIMES), the central bank raised the rates to support the stock market collapse and save the economy from recession.
As you see when rates were raised and money supply spiked, Gold...
This data is published quarterly, so I have set the bar resolution to 1/2 a year aka 6 months aka 26 weeks.
The SPX500 Index is shown in red for comparison's sake.
Would you rather speculate in housing or speculate in the market?
Which one is more likely to pay you for your risk-on?
Manage your own risk
Much Love
GL HF
xoxo
Snoop
A paradigm shift followed the "It's time" chart more rigidly than even I expected. Apologetically we can give the official ✅ for those following the example of dogmatism from @ridethepig and can see clearly how far we have come:
"It's Time"
📌 It can be said that the opening knee-jerk reaction from "The Great Lockdown" is over and we can begin to enjoy a...
You can copy this chart as your own to get the indicators.
Required Reserves of Depository Institutions, in $ Billions
FRED: fred.stlouisfed.org
Announcement: www.federalreserve.gov
FAQ: www.frbservices.org
Explanation: This action eliminates the need for thousands of depository institutions to maintain balances in accounts at Reserve Banks to satisfy reserve...
September 2008 - The Fed started printing fiat in overdrive soon before the bank bailout of early 2009. Bitcoin's first block was also mined at the news of this in January 3-9th 2009.
However monetary base has been in decline, retracing. What does this mean for the derivatives market and the Repos?
Remember when POTUS said "Buy the Dip". Hes in bed with the 6 largest banks in the country clearly. And those 6 banks, also control Bitcoin.
-We have been fooled AGAIN!
This chart is the Federal Reserve Monetary Balance Sheet overlayed with BTC BTCUSD BTC/USD!
This is so obvious I'm not going to even say it!
Drop a comment on what you think!
I like this setup. Good R/R. Entry around $5.75 stop loss around $5.50-5.60 - depending on position size and pain tolerance. Fred's is a solid company with descent dividends and call options look super cheap at the moment. A good a bet as any, especially with those gaps around $2.50. That would be my first target.
Don't get in a pickle!
The Shill Pickle
FRED seems breaking out a downward channel formation. It also seems forming a fallen angel formation. It has huge Twiggs money accumulation. We think it will continue upward from here.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Downward channel breakout long. Fallen angel
Entry Criteria- $3.27
Exit Criteria- $4.33
Stop Loss Criteria-...
FRED seems breaking out a downward channel formation. It also seems forming a fallen angel formation. It has huge Twiggs money accumulation. We think it will continue upward from here.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Downward channel breakout long. Fallen angel
Entry Criteria- $3.27
Exit Criteria- $4.33
Stop Loss Criteria-...
Possible 123 trend reversal + possible inverse shoulder-head-shoulder formation => Entry @62.81 (123 trend reversal) and/or @ neckline of inverse shoulder-head-shoulder formation
Possible taget values: filling of open gap @65.43 and target value coming from (possible) inverse shoulder-head-shoulder @ around 70.00
Possible stop @ around 60.00 (support by EMA20,...
