Use EW when it smacks you in the face (no I am not a purest).
PA does not look pretty here.
Support around $650, although if breaks expect holders to dump.
Crude bulls have been dominating in 2022 and running celebratory laps.
May be time for pull back. CAD Divergence.
Bullish longer term. Great buying opportunity.
The commodity 'super cycle' trade is definitely over crowded. Likely to see another pull back, possible to lower bound.
Ongoing commodity tightness in the next decade would benefit Brazilian equities.
Brazilian Real, showing strength.
Observe , build confidence.
Not for the faint hearted.
BTC and ARKK. Abstract and long duration assets.
Bitcoin needs to decouple from beta risk assets, although given tightening financial conditions and liquidity expect volatility.
Be patient.
Chart shows GLD, inverted US rates & USD
Even though gold has lagged expectations, it has held up well considering rise in DXY/ US rates.
Political uncertainty and mounting debt continues to support outlook for gold price long term.
GLD breaks highs would be a favourable development.
If real rates continue to rise or there is a vol shock, expect further weakness.
Gold to outperform financials if economy continues to slow.
Financials may be vulnerable to a pull back given the slowing economic backdrop and interest rate vol.
Financials essentially have a short strangle on interest rates as higher rates commonly reduce lending and slows economic growth. While lower rates reduce earnings on loans and pools capital to only...
Silvers short term trade ( bottom in scenario)- impulse up, correction down and small reaction at 0.50- stop placed just below 0.50 or 0.65 depending on risk tolerance. First target ~17.25 and Second target 18.25. Silver is heavily influenced by gold and would recommend having a count for gold chart bear placing any XAG trades. I am fundamentally bullish on gold...
