7 year rate of change showing some incoming inflation as defined by sugar!
I'm hot, sticky sweet From my head to my feet, yeah!
It's coffee table discussion time! Why is gold expressed in US Dollars tracking so well the 7 year rate of change for Euro central bank assets?
US Dollar's Monthly Linear Chart, with approaching "wall" (previous support turned resistance).
What doesn't break you, makes you stronger! Look for a bounce down on an important breakout line for the US Dollar.
If rising US dollar doesn't crash US equities... Expect a melt-up in precious metals.
Prepare for upcoming melt-ups by studying the past.
Targeting 2070$ gold for Q1 2022. Any bets for Feb 24th?
Commitment of Traders non reporting small speculators. Now, can gold rally to above all-time highs?
Silver Future's Weekly Linear Chart, looks like an explosive setup underway. Look up for now.
880$ seems to be some solid support. Also overlayed Bitcoin chart...
What about gold & silver miners and the cost of oil? Getting close to some arc support...
1- Silver is undervalued (not over heating) vs US consumer price index. 2- US consumer price index momentum breaking out. Understand where we are at.
Adding the Fed Fund rate to the equation... If Fed fund rate can breakout on a yearly close basis, then a bonified secular inflation cycle is under way. The US Dollar index might go up nominally, but inflation adjusted will flat line.
Breakouts confirmed on daily point and figure chart for 3 of the 4 gold instruments.
Daily chart playing out to a similar setup seen in the most recent bear market base, that catapulted this whole move in June 2019.
A mania's "lesson from the past". It took about 365 days to play out that iconic, euphoric top. Everybody was about to retire early that year. Once broken down, took over 16 years to reach again that nominal peak again. Most still working today.
Gold Future's Historical Point and Figure Chart, 25$ box size. Wait for daily close above 1825$.