TheRealZed
Retired Sailor
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There is something fishy about this whole thing.
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@Zed Here is my monthly SPX chart. What I see is a possible A-B-C downward move.
We've made the A move down. We get the B little bounce. Then, if it should occur, we get the C move down equal in length to the A move down.
Rough calculations that puts us to around 3000 on SPX.
[Not predicting, just looking.]
View attachment 6546
Joe is getting the Watergate treatment. Because they have “six ways to Sunday.”There is something fishy about this whole thing.
When will the FBI raid the university where Joe sequestered all those 'documents'??Joe is getting the Watergate treatment. Because they have “six ways to Sunday.”
This move up (in the daily) is fairly broad based it seems. I just ran my stock scanner mid-week (when it is not yet valid) and I got 30 buy signals Uh, that's a lot. Lots of participation.
The main thrust for the PMs today was the drop in the dollar. We are still susceptible to dollar reversal, imo. Still, as we start to engage 2000, it will be hard to ignore what gold has done the past few months.Gold and Silver are still in the correction window, not out of the woods yet.
Yeah, it needs to sink in. I wonder if that happens tomorrow morning or in May?Seems like markets are expecting the Fed to roll through the stop sign on the corner, even though the Fed said they aren't taking the foot off of the brake until the car comes to a complete stop.
The main thrust for the PMs today was the drop in the dollar. We are still susceptible to dollar reversal, imo. Still, as we start to engage 2000, it will be hard to ignore what gold has done the past few months.
Will be Interesting to see when the junior stocks speculators return In force . Possibly once we decisively break and hold the $US 2000 levelThe ASX gold tribe have moved a solid +5% today.
He did addresss that in the Q&A after his speech today but I actually dont remember what he said.So the FED "raised rates" today by 25 bps. BUT in reality all rates dropped by about 15-20 bps. Is this a serious crack in the FED's credibility?
Any thoughts on how overall commodities look?
If thinking upside any opinions on GCC? A Rick Rule recommendation.
https://finance.yahoo.com/quote/GCC?p=GCC&.tsrc=fin-srch
Overall I still think he is on the right track in addressing inflation and wanting to get it down to 2%
...
Thursday, in line with expectations, the ECB raised interest rates across the board by 50 basis points; the main refinancing operations, marginal lending facility and the deposit facility rose to 3.00%, 3.25% and 2.50% respectively.
The ECB also warned investors that it is not through raising interest rates as inflation remains a threat to the region’s economy.
“The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target,” the central bank said in its monetary policy statement. “In view of the underlying inflation pressures, the Governing Council intends to raise interest rates by another 50 basis points at its next monetary policy meeting in March and it will then evaluate the subsequent path of its monetary policy,” the ECB said in its monetary policy statement.
I remember what happened in the 70's
Silbur! Is it time yet?
They blamed it on nonexistent gold 'speculators'
Nope, just another setup and attempted smack down.
Seems stocks like war. Return to a gold standard?
Gold V Digital Fiat & Marxism | Armstrong Economics
QUESTION: Hi AE...so gov't "money" (fiat currency) will become just some abstract floating measurement of value, an electronic entry in an electronic accountwww.armstrongeconomics.com
The wealth of any nation is the productive capacity of its people.
It would not matter what we use for money right now, they want to create World War III so they can default, and escape from the abuse of this Marxism that they have turned into a system of borrowing
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