


Day 144. #Gold versus #SPX update. Now inches away... A solid monthly close above 0.50 is important. Silver and miners track this.
Swiss Franc VERY close to a breakout versus US Dollar. Guess what tracks this currency defined capital flow? Yep, Silver! #xagusd #fintwit #silver #chfusd
Nasdaq adjusted for inflation (producer price index as proxy) Unless #Nasdaq wakes up real soon, then it is also GAME OVER for #Bitcoin. Zoom out, don't get trapped {insert here your favorite Bitcoin Maxis}. If price contradicts your thesis, then the thesis is wrong.
GAME OVER for #SPX priced in #GOLD (with a solid quarterly close below that rising trendline). Don't expect a bottom for MANY MANY years after that...
Day 143. #Gold approaching "God MODE" versus #SPX.
#Nasdaq losing momentum versus #Silver. VERY bearish topping structure, at same levels seen in 1999-2000. If you can't see it by now... not sure you ever will!
The slowing upwards momentum should of been a tell-tell sign to not hold this #bank for over 1 year. Charts slice through the noise, narratives, thesis. $sivb #SVBFinancial #fintwit
#Uranium is doing a bull market correction ABOVE 1 & 3 year moving averages. #Bitcoin is doing a bear market rally BELOW 1 & 3 year moving average.
Day 142. Rocket ship ignites when #gold is worth half of #spx. We are getting close.
Tesla rejected at 215$. Set to drop once again. $arkk #tsla #nasdaq
An #SPX breakdown versus #GOLD will change EVERYTHING! #Oil will be set to out perform. #Silver will be set to out perform. #Miners will be set to out perform. #Copper will be set to out perform. #Uranium will be set to out perform.
#Gold in 1969 also had similarities... SPX versus Producer Price Index
SPX versus Producer Price Index back test 5 year moving average (in last remnants of could support) the wait for a gold bottom could already be done...
I have no idea how those talking #SPX bullish melt-up scenarios in absolutes are weighing that probabilities... Until the "wall" above is cleared, bias remains bearish.
"How to covert resistance <=> support" For all those looking at sub $18 silver... In march 2020, #silver had not yet converted the 18$ level from resistance to support. Now that is a "wall" (previous resistance turned support). That is a big difference.
Just terrible. #Intel heading to 21$ (another -17% from here). Sub 10$ target if that important support that fails. #nasdaq #inflation #recession
When was the Federal Reserve born? ⏲️Before 1915, purchasing power had been going up for over 51 years. ⏲️After 1915, purchasing power has been going down for 108 years. #fed #fomc #inflation #recession #gold #silver