Short
We Are All In This Together
Wave three down at higher degree is no doubt upon us.
Our last idea called for a dream selling opportunity from Friday's close and any rally to be sold, which we got on Monday.
Since, has been heavy selling on heavy volume, those on the inside were getting out last week...many more joined the selling as Powell broke any fantasy that a pivot is coming. Thursday's selling broke key support and with a run developing on Silicon Valley Bank...it was too much to take.
Warnings have been sounded for months, get your funds out of these parasitic banks.
SVB is only the tip of what's approaching, other investors will now take notice and retail customers will increase redemptions across all banks in fear of similar fate.
The trouble is, these banks have barely 10% of actual cash as their Covid cries reduced requirements after the GFC requirement increase.
If you had learned or listened to heed what's transpiring now, you would have only minimum in these wretched places and stored or swamped paper and plastic for precious metals.
Think now in ounces and not dollars.
The mantra since 2020 has been "We are all in this together".....no, they are all in this together.
Powell will go down as the most reckless Fed chairman ever, his tool of fighting inflation is now breaking the backs of the system. The same Powell who kept rates way too low for fa too long and encouraged a credit and borrowing binge like no other, propelling property prices into the stratosphere.
His attack on the economy and public is to reduce demand and crush inflation instead of increasing supply and lowering prices.
This is all a deliberate ploy to wreck the economy and ties in with the WEF and their slogan, "By 2030 you will own nothing and be happy".
If these entities get away with their plan, attacks on food, energy and financial, you can be sure of great upheaval. Make no mistake about it, it is the ongoing ‘controlled demolition’ of the West, the calculated ‘war of attrition’ that will upend global food and security.
The Dow like all markets has shown it's hand, from here we expect nothing but downside.
Anything could occur Monday's open, this week looks dangerous.
The October lows are our focus now, they may hold...or they could capitulate as sellers swamp the system....too early.
29K is a possible stop and bounce, we have seen around 1800 points wiped since Tuesday...3000 more is not difficult. We can only take this day by day...be nimble and not greedy.
Gold had a terrific day on Friday, responding to the bank failure. Record central bank buying in 2022 is continuing into 2023. Follow the money...hedge and sleep easier with a true asset in your hands. Often when I talk to folks about gold, they have no idea in the street...the system has indoctrinated them to debt and property, stocks etc.
Gold in Australia the past 20 years has seen over 500% gains, now $2838 an ounce...many other countries seeing very large gains...partly thanks to the "strong" US dollar.
Could well be a wild week coming, volatility is rising sharply.
One last mention on Silicon Valley Bank, the bank regulators sincerely stated last week that the bank was in "Sound financial condition"....only days before the calamity.
This appalling statement is surely enough for any average person to act accordingly and protect whatever you have immediately.
Appreciate a thumbs up...Good Trading & God Bless you all!
Our last idea called for a dream selling opportunity from Friday's close and any rally to be sold, which we got on Monday.
Since, has been heavy selling on heavy volume, those on the inside were getting out last week...many more joined the selling as Powell broke any fantasy that a pivot is coming. Thursday's selling broke key support and with a run developing on Silicon Valley Bank...it was too much to take.
Warnings have been sounded for months, get your funds out of these parasitic banks.
SVB is only the tip of what's approaching, other investors will now take notice and retail customers will increase redemptions across all banks in fear of similar fate.
The trouble is, these banks have barely 10% of actual cash as their Covid cries reduced requirements after the GFC requirement increase.
If you had learned or listened to heed what's transpiring now, you would have only minimum in these wretched places and stored or swamped paper and plastic for precious metals.
Think now in ounces and not dollars.
The mantra since 2020 has been "We are all in this together".....no, they are all in this together.
Powell will go down as the most reckless Fed chairman ever, his tool of fighting inflation is now breaking the backs of the system. The same Powell who kept rates way too low for fa too long and encouraged a credit and borrowing binge like no other, propelling property prices into the stratosphere.
His attack on the economy and public is to reduce demand and crush inflation instead of increasing supply and lowering prices.
This is all a deliberate ploy to wreck the economy and ties in with the WEF and their slogan, "By 2030 you will own nothing and be happy".
If these entities get away with their plan, attacks on food, energy and financial, you can be sure of great upheaval. Make no mistake about it, it is the ongoing ‘controlled demolition’ of the West, the calculated ‘war of attrition’ that will upend global food and security.
The Dow like all markets has shown it's hand, from here we expect nothing but downside.
Anything could occur Monday's open, this week looks dangerous.
The October lows are our focus now, they may hold...or they could capitulate as sellers swamp the system....too early.
29K is a possible stop and bounce, we have seen around 1800 points wiped since Tuesday...3000 more is not difficult. We can only take this day by day...be nimble and not greedy.
Gold had a terrific day on Friday, responding to the bank failure. Record central bank buying in 2022 is continuing into 2023. Follow the money...hedge and sleep easier with a true asset in your hands. Often when I talk to folks about gold, they have no idea in the street...the system has indoctrinated them to debt and property, stocks etc.
Gold in Australia the past 20 years has seen over 500% gains, now $2838 an ounce...many other countries seeing very large gains...partly thanks to the "strong" US dollar.
Could well be a wild week coming, volatility is rising sharply.
One last mention on Silicon Valley Bank, the bank regulators sincerely stated last week that the bank was in "Sound financial condition"....only days before the calamity.
This appalling statement is surely enough for any average person to act accordingly and protect whatever you have immediately.
Appreciate a thumbs up...Good Trading & God Bless you all!
Note
Possible bottom today for wave 1 down of 3...a rally into tomorrow gives the bears another entry to short.A much bigger decline looms.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.