Gold and oil are gapping higher today. These are healthy developments for my GG and SLCA positions. It lends to the idea of an easy Fed, one not hell bent on thrusting us into the pits of hell.
The U.S. dollar is up 16% over the past two years. This is like a giant short sale gone wrong and people got fucked on it hard. They borrowed in dollars to buy commodities and were raped for it.
But recent developments at the Fed, thanks to a weak jobs number, might alleviate this pressure, paving the way for weaker dollars, stronger commodities, and stronger equity prices.
Where do you think this chart breaks?
Down.
Is there an alternative ?
up or down bozo?
My question says it all…but I will help you : UP !!
Up.
Russian troops in Syria will do that you know.
I see the cock and balls formation, which can only mean UP, hard.
Down. There is a descending trend line marking periodic peaks starting in Jan 2015. Must presume down unless UUP breaks up through this descending ceiling. The pattern is easier to see on a 2- or 3-day chart.
Huge bull flag 5 yr chart
UP
Best estimate is a retrace to the 23-23.5 area. DX is mostly EUR, I am expecting that to rally. Problem is, there is no way to determine when the deflationary vortex is going to start spinning fast again. That could quickly end the EUR rally.
BoJ I am talking to you….NO ARROWS TONIGHT PLEASE. That also includes no ARROWS at the end of month too. I am so sick of all this Central Bank Action that created this ugly ugly mess we are in. BTW Ben will be at NY Barnes and Nobles tonight with Timmy, fwiw.
Have you ever considered posting over on Pinterest? The vendors get very creative with copper over there and could probably use some input to cut their operating margins
Down, mostly due to the fact that Fed won’t raise rates, no matter how many times they threaten us.
Per Vedic astrology the American empire must fall for the rise of the new Atlantis.
Next question: Will Obama die in office as part of the syndicate’s business plan?
Up
Hi, Lucifer. It’s always good to hear your perspective. Thank God for the Devil, LOL.
DOWN
https://heartiste.wordpress.com/2015/10/06/what-we-have-lost/