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The unfolding upmove in gold

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#651 Smithy

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Posted 19 July 2021 - 09:37 AM

Watching that Euro gold neckline... 

 

7-19-21-euro.jpg



#652 Smithy

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Posted 20 July 2021 - 08:44 AM

7/20 Ambrose from the Tele -

 

The US fiscal impulse turns negative this quarter. The financial system has become acutely sensitive to slight tweaks in monetary policy. This is known as the central bank ‘debt trap’. The 32% increase in M2 will power the economy for at least another 12 months.

 

Global central banking is at a critical juncture. If the Bank of England, the Fed, and their peers do not lance the QE boil now, they probably never will. Inflation will be allowed to take hold and the world will be back to the 1970s. Markets are having great difficulty deciding which of these two outcomes is more likely.



#653 Smithy

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Posted 23 July 2021 - 07:40 AM

Friday 5:30 am PST  - a fair chance this is the low

Reverse Point Wave (RPW), expanding tri.

 

7-23-21.jpg


Edited by Smithy, 23 July 2021 - 07:41 AM.


#654 Smithy

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Posted 27 July 2021 - 11:55 AM

The textbook RPW morphing (hopefully) into a diamond bottom...

 

7-27-RPW-2.jpg



#655 Smithy

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Posted 31 July 2021 - 07:06 AM

“If I were Darth Vader and I wanted to destroy the US economy, I would do aggressive spending in the middle of an already hot economy… What are you going to get out of this? You’re going to get a sugar high, then higher inflation, then an economic bust.”

Stanley Druckenmiller, July 23, 2021



#656 Smithy

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Posted 03 August 2021 - 08:52 AM

There's a fair chance the annual August rally has begun. RPW again, but larger.

 

The burning question: How far will it go?

 

 

8-3-21-gold-RP.jpg


Edited by Smithy, 03 August 2021 - 08:53 AM.


#657 Smithy

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Posted 06 August 2021 - 12:02 PM

Looks to me like a USD rally is starting

 

 

8-6-21-USD.jpg



#658 Smithy

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Posted 12 August 2021 - 10:48 AM

Thursday morning:  A daily (and also weekly) gold close above spot 1764 will greatly improve the case that the low is in for gold and silver.



#659 Smithy

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Posted 18 August 2021 - 07:39 PM

Unless it turns right here, this expanding triangle is VERY bullish for USD and bearish for gold.

 

8-18-21-USD.jpg



#660 Smithy

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Posted 09 September 2021 - 10:08 PM

Comments welcome

 

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