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...
Can the AUD break higher? silver has broken out and so has gold. now the AUD in theory should follow. Maybe the market is expecting the RBA to lift rates to slow the bubble in housing. They wont pop the housing bubble. They only can slow the growth.. like slowing the growth of a cancer and not eliminate it. I see a new "slave" class in aussie economy. we see...
SPX going to the moon. all bets are off and the FED will inflate SPX baby to the moon. there is no way back now. REAL interest rates will never be positive again. Fed will take the path of least resistance which means we will pump stocks too the moon. There is no free lunch so the price of a cup of coffee will be $50 soon. I'll tell you a secret ... free...
TSLA bubble deflating and BTC to follow as well. if the current support breaks at fibonacci level it will head to $63. The hype is over.
As you all know Apple products have not changed in decades and an iPad is an iPad. new iphones are like the prev. model. not much development there. the market is saturated with overpriced devices. now the bubble has peaked, we expect AAPL to form a H+ S pattern which then leads to zero. AAPL will be the next Kodak. Jobs never invented anything. He just copied...
The price of red dirt is ready to break down. even with the debasement of the USD, the price of this commodity has failed to increase. This colony of the empire (terra nullus) has done well from the plentiful red dirt. A countries wealth is from its resources . African countries have always been exploited for this. China's demand for red dirt might be on the...
Gold has broken and the gold miners have started to show buying interests. MNRS etf is going to break out soon. Resistance level is going to be broken probably next week. anyone who has gone shopping in the past month will know prices are skyrocketing. Fruit and Vege are expensive and the quality of the produce is really poor. The only reason why...
Oil price is managed. It trades in a range for decades until high inflation forces it to break out of that range. Should the oil price break out of the current range. it will form a new range.
We are expecting the AUDUSD to move higher which means US Fed cuts or RBA jacks up rates due to necessity to reduce the impact of inflation. A weaker AUD means the cost of imports rises because 90% of goods are imported and not made locally. As you can see there is an unofficial band which this pair trades in most of the time. 62 - 82 cents is this unofficial...
A nice setup for a breakout spotted. Inverse H + S pattern. fibonacci also showing a resistance level.
fibonaaci levels showing me the SPX has peaked and more money printing is required. Even though real interest rates are still negative (loose money) the SPX has struggled to break higher. Fed needs to pump more money and buy more bonds. If it can not do this then Fibonacci has decided the market top. and a 38% retrace could happen.
GOLD price has broken out. Fibonacci used to predict target of 3382 in the coming years. Wars are inflationary. The empire is funding 2 wars. see the world as it is and not how you are told is it.
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. ...