Stock markets around the world in unbridled euphoria. QE (quantitative easing) was widespread, therefore, austerity via interest rates was also injected. But the question remains: Will this really stop a possible downward swing? For several leading indicators indicate otherwise. Mathematical models indicate that we are at the height of a large and certain widespread crisis.
Let's see what the chart of our beloved fiat currency protector is trying to show us.
We have the image below. If this graphic pattern occurs, from the current point to the projection of its height we will have an increase of more than 20%. If there is a rise of this magnitude in gold, tell me one thing; How will stock markets be around the world?
You know what makes me scared? It's seeing this long-term upward projection that SETUP is showing me. It began in 2018, at the height of American economic growth, which was growing at very modest rates compared to previous years. And do you know where the end of the cycle of this mega rise is? The 2473 region, very close to the bullish projection region in the figure above (C&H). What a thing, right?
In the diary we can have corrections up to the 1945 range. But don't forget; “Things must be measured in the long term.”
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.