Good morning my friends.
Inflation? Of course it's under control. And just wait 'til tariffs (inflationary)kick in! Bullish for Gold and silver? You bet. be patient and ignore the "smoke" you are seeing in these markets regardless where they head before September/October. Even Ron Rosen one of the legends of forecasting and wildly bullish on the metals looks for 1140 gold than an explosion to the upside of massive proportions. Smart money is buying.
The two charts above are compliments of Peter Bockvar.
Food, energy and transportation are on the upswing and big time. Do you go to the market the last couple of years?
But the killer is transportation costs and they are going to go higher. WE have written repeatedly tariffs are ALWAYS a disaster in the long run. Now throw in to the fray the staggering debt situation and China's downgrading to "junk bond" level, our debt they don't want! Russia has unloaded half the US debt they hold and have replaced it with gold.
By the way for those of you that believe there is not a "black swan" event on the horizon of evne that we can trust N. KOREA and China for that matter, the caption below might fi
Nothing has changed with our friend BTC (Bitcoin). Drifting lower at 6350. A nice orderly decline, thus far. The key is SENTIMENT has not gotten more bullish. Oh, it's better than two weeks ago but not nearly good enough to get some traction to the upside. From what level will that occur? We liked the just under 6000 to do some nibbling. Let's be realistic we probably go lower. I do feel I'll see the numbers I need "if and when". I'm not saying a specific number. Let's just watch the SENTIMENT INDICATORS. They have not yet let me down.
Thanks for your continues support and have a great day!
"YES" let's believe all we are told re: North Korea!
Hey man, great work as per usual, just a quick question though, what indicators do you use to gauge Bitcoin's market sentiment?
thank you. Dailyfx.com (I've monitored them for quite some time) seems to be quite accurate in their % long and short client positions..It has been very, very helpful....appreciate your support!
Appreciated :)
@yanke-statman
$usd mega down is next
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Agree, inflation going up, oil will continue to go up, dollar going down, gold/silver a great hedge against the macro forces.
thanks! and you are correct and appreciated!
SIR KA BITCOIN KA RATE KA BARA MA KUCH ANUMAN BATA SHAKTA HAI
I have been watching the continued suppression of silver. I just saw a little while ago that it is at $15.90 an ounce! That seems crazy to me, but it will break through soon.
exactly..thnx.
Just waiting. :=)