using the line chart to reduce noise. triangle setup is now in place. 3 times the price has tried to break resistance. lets see how we go this time. US miners will track US gold prices. it made new high this week @ 2080. in the next few months we will find out.
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...
OIL still slowly trending up as it should because the USD is losing value. but in real Terms OIL has never been cheaper. the house of SAUD will always pump more as directed. a secondly reason Russia will pump more to fund its war against the US (not ukr) amazingly a litre of petrol is still cheaper than a can of coke. which has always been the case. When you...
TSLA will continue to drop and break the current support level... going lower in the coming months. CHART looks terrible and a breakdown of the triangle setup is imminent Expect a dead cat bounce at support and then for the continuation in the move lower. BYD will destroy TSLA with cheaper and higher quality cars. the Game has only started and its only the 1st...
expect more selling in BTC. the 2024 collapse will also take BTC as well. risk off for 2024 as interest rates will continue to rise because money is still too loose. for money to tighten interest rates need to be 10% or higher... but governments still want to pump this worldwide housing bubble (except china) first target for BTC will be $30,000 and a dead cat...
Fibonacci says BTC is going to struggle. 61% says.. time for a pullback the only hope for BTC is more cheap money from the central bankers. Real interest rates are still negative while profilgate government spending is increasing. the private sector is maxed out on debt so the government will take over as the debt slave to fund worthless projectors in schools. I...
GOLD is very cheap relative to sp500 APPLE is in a massive bubble. gold has spent almost enough time basing and the sellers are almost exhausted. get ready for another 10 year bull market in GOLD. cycles repeat like history as human nature remains the constant. Humans dont want real economic growth but just a series of economic bubbles. the latest being AI. ...
next level of support is 7100 expect more selling in XJO. everyone doesnt want to be like Argentina. time to stabilize your currency and end this game of asset inflation to give the wealth illusion. game over man. buy some short term BBOZ for a trade.
i got 8 charts showing equities have peaked. even though markets are centrally planned... they can not be controlled forever and now is that time. expect massive crash in equities. commodities will remain strong as currencies will continue to be debased. the debasement of currencies will be used to prop up the bond market. UK moved first to maintain its bond...
I applied Bollinger bands to this monthly chart of BBOZ and you can see for the last 12 months, the bands have been narrowing. This is a classic signal that the price has stabilised and due for a breakout. Now the question is ... in which direction? Lets take a look at the macro... Every mf asset class is over inflated and yes nominal interest rates have...
daily chart shows a down trend channel in place and expect lower prices to about $1 as a possibility. massive gap down today losing 17%. EVN was highly loved in the previous decade. I guess all those acquisitions didnt work out as planned? or maybe sentiment to the metal isnt great Gold is due for a break high in 2024. be patient and you will be rewarded.
BYD and china is shifting the game. with all those batteries which will require charging we need need electricity. Burning coal is cheap but uranium is better expect a secular bull run in URANIUM. get exposure to this trade by this ETF PDN also had a good run recently. also you can make bombs with it and USA is itching for another war with brown ppl.
big pharma ETF looking close to breakout im watching the monthly and daily charts. now that the masses have been educated to get a regularly jibby jabby, I expect higher profits to these drug companies. They are good for society as shown by "dopesick" movie. anyways. Lets come back in 6 months to check if this breaks out.
URA ETF is close to second level breakout daily chart shows a breakout already. monthly chart is at resistance but can move higher in the next month. Cup and handle pattern has formed on the monthly chart. Electric cars will need to be charged and BYD is going to overtake Toyota and Volkswagon in the next decade. While the empire was busy occupying, China was...
PDN is following the uranium breakout nice breakout for PDN. phase 3 Elliot wave now in place. target in the coming years will be $3.63 which is Fibonacci level. US just bombed Yemen today. As i recently said. USA was itching for another war .
Its only mid month but this month could end with a bearish evening star candle stick pattern......
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.
French empire still exists secretly in africa. french equities moving nicely within a channel I expect asset prices to fall in the coming years but i give the central planners credit for maintaining inflated asset prices for so long. But then again adjusted for real inflation equities havent gone anywhere in years.