NVDA - peaked.
it has completed the 5th wave up
of elliot wave. now begins the first wave down.
target for the next 5 years will be $200.
BTC will crash along side it.expect US10y bonds
to move lower in 2024. expect bond yields to rise
and expect junk bonds to get smashed.
inflation is the hidden tax which hurts the poorest
the most. what govt start to spin this...
now the price of this chart is rising.
This means the yield of 10Y bond is rising
harder then the 2 year. which means
debt is more expensive. which means less
cheap money. money is still cheap in real terms
but now less cheap than a year ago.
what will the central bankers do?
inflation is hidden but still high and if your smart
you know the govt numbers are...
BTC broke down out of a rising wedge pattern.
OMG, the bounce is over. money is still cheap
but buyers have exited (the big money has)
the young generations have not seen a bear market yet
but they will now have their lesson in a REAL bear market.
now the B wave up is completed, now get ready for the C
wave lower. FWB:13K is the next target.
Silver in its 3rd congestion phase.
I estimate another 5 years of sideways
movement before a giant break out.
markets even though manipulated will find their true
value in the end. just like the housing market worldwide is centrally planned. Eventually it will crash and burn.
while some people hold 5 houses and others rent for life.
real wealth comes from...
AUD is weak and historically it will bounce at this level of 64 cents. Unless directed by the US the RBA will raise interest rates soon and in 2024 to protect it from being a banana republic but they also risk crashing the housing bubble
which they are also protecting at all costs. Wait for the big money to move out of housing before the collapse...
SP500 has peaked again and will starting dropping like a brick. US 10Y yield is @ 4.6% today and the govt
must try and save the $USD. they dont want
interest rates to rise but they risk the collapse
of the currency. target will be circa 3500 in the next 12 months. the collapse will being when the big players
have already got their bets in.
When pricing the ASX200
in Gold instead of paper AUD.
you can see the XJO hasnt gone higher
but stay within a trading range.
its important to measure things with the right
measurement and not to measure
things in something as unstable as paper money.
I have superimposed the chart of Us 10y bond yield
and the us price of gold.
back in the 70s, the price of gold rose with the
bond yield rising as well.
There has been an inverse relationship
circa 2000 when yields continue to fall
while the gold price rose.
I am expecting the 2 prices to move in concert
in the coming decade. where the decline of the US
AMI following the laws of fibonacci well.
price at the lower band of the channel.
buy the support and hold on.
risk a small position for big gains.
we're all speculators now.
their is no REAL yield anymore.
ok so BTC had a nice little run with all the cheap money
floating around. now it has formed a rising wedge
pattern. when these breaks down.
price will collapse. all these bubbles will continue
as long as money is cheap.
gold price has popped his head out of
a downward price channel. sellers are weakening
and i expect the Price of Gold to retest $2070
again in 2023. the price of gold will rise because
governments are incompetent and do not create anything
of use except pick winners and losers.
so savers have been losing since 2008. will be debtors
will the losers for the...
monthly chart shows price @ the upper band
of the range. (short)
and daily chart showing h+S pattern
sell this baby. all indices are looking toppy.
Governments trying to prop up asset prices by
flooding the economy with cheap money.
there aint no such thing as a free lunch.
if asset prices keep rising.... a loaf of bread will be
$100 in a few years.
SBM looks bad. sentiment is bad.
price is bad. buy the support level which is close.
10-20 cents is a good buying area. speculate on this on
and hope it doesnt end up like BDR, TRY or X64.
we need the gold price to move higher to lift
all these gold miners. when the price of gold rockets
higher even the lowly cruddy gold miner will rise too