gold & silver miners + initial claims#Gold and #Silver miners waking up, smelling a possible bottom in US Initial Jobless claims.
Still a long way to go. #inflation #recession #fomc
About Initial Claims
My recession roadmap scenario...My recession roadmap scenario:
1) Jobless claims creeping up will spook the Fed
2) They will then cut the Fed fund rate
3) We then later declare a recession was/is happening
#Gold, #Silver and #Miners will enjoy the recovery.
10 year yields and jobless claimsHas US initial jobless claims (adjusted for total population) ever been this low?
Precious metals will flip current head winds into tail winds once US initial jobless claims enter their secular bull cycle.
Still very early.
#Gold #Silver #CrudeOil #Uranium #Miners #Inflation
gold bottoms in the ABYSS of the recessionsWho else noticed #jobless claims last uptick?
Until #gold and #silver breakout, #recession possibilities are more present.
#fintwit #inflation
Is gold sensing trouble?
gold had trouble here
Initial claims and fed fund rate cutIt has begun.
We can't be too far now from the PIVOT (Fed Fund Rate CUT).
Now watch crude oil and the precious metals. They have been pricing in a lot of this ahead of time. Lets see how much more needs pricing in.
#gold #silver #crudeoil #copper #platinum #uranium
SPX Monthly Log Chart since 1967US initial jobless claims HISTORICALLY low.
Tops in US equities are forged at those levels.
FED will only "try" to save the day AFTER initial jobless claims breakout.
That is the "last nail in the coffin" for growth stocks.
#fintwit #spx #fed #fomc $arkk #meta
United States Initial Jobless ClaimsWhere United States initial jobless claims go, so will gold & miners.
Now, back at breakout line last seen in 1970, 1972 and 2020.
#patience #fintwit #inflation #gold #spx #fomc
Chart defined stagflationThis chart has #stagflation written all over it.
If initial claims are back at 50 year lows. Seriously, do you think it's going down even more?
What did gold & silver do in the 1970s?
CPI x SPX x InflationHere is a chart that shows the correlation between the market (SP500) Inflation and Jobless numbers. Jobless numbers is the golden indicator of economic strength though there are many others I look at, and many more economists look at. For our purposes, Jobless numbers show the strength of the econo
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