Thanks for viewing, Just to say that if you read the (free ebook) by Ray Dalio on Navigating Big Debt Crises it is difficult not to see the conditions today as not being analogous to something like August 2007. There is a in-depth case study on the 2007 - 2009 recession and recent aspects are very similar especially; - The Fed lowering rates in light of a...
This is just an update to a previous post that pointed to strong bearish divergence in the DXY, Target was 83 - raised to 85 but possibly lower, Competitive devaluation of the USD a side-effect of Fed over-reaction to a supply side disruption that lower interest rates simply cannot help. Rates now significantly negative in real terms, with a possibility of soon...
Thanks for viewing, After record (and very profitable) drops in Crude in the last few days, Chevron will be put under significant profitability pressure. Well, now we have dipped well below that due to: - as yet unknown, but likely double digit reductions in global demand for crude oil, - Russia not going along with the OPEC plan, which resulted in, - Saudi...
Thanks for viewing, This post is partly to show off and partly to share my view on what comes next; TRADE: Fortunately I traded short on crude starting on the 4th of Feb at $50.46 - why? Because, based on my Elliot Wave count we we in wave B that would be a revisit of the corrective drop that ended at $26.05 in Feb 2016. But also because this view was reinforced...
Thanks for viewing, I am of the view that the major injection of liquidity will cause a short-term minor bounce and then downward again. There are major issues with consumers withholding spending, goods can't be made, can't be shipped, and people won't buy them. Liquidity can only minimise the second-order effects of that (delay or defend against bankruptcies)....
Thanks for viewing, I labelled this as "long" despite some as yet unexplained steep price reductions in the short to medium term. I did that because I saw that price drops were coming but that was just a signal to add to purchases, as opposed to sell. Why do I expect price drops in the short to medium term? 1. Elliot Wave seems to indicate the ending of wave (3)...
Boeing may reach support below $205 - $180, but I wouldn't like to bet that it will hold in the medium term. Boeing was in bad shape even before this virus came along, but now the outbreak is getting very serious indeed AND it is worst in the state that they manufacture most air-frames. They also manufacture in California, which is well on its way to a outbreak...
Thanks for viewing, Just a quick one to say that there is some quite strong RSI divergence apparent on the daily timescale - a higher high compares with a (much) lower RSI peak. Maybe you have some reasons to be bullish on the USD right now - I don't. - Recent 0.5% emergency rate cut and expectation of another 0.25 - 0.5% cut next week - Early last week many saw...
Wow! The last time there was as large a disconnect between gold and silver was never, the closest we have come is briefly in 1991-2, and again in 1941. The gold silver ratio has now seemingly surpassed those previous peaks. Over the previous few years, silver has loosely tracked the rise and fall of gold - while consistently under-performing. However, last week...
Thanks for viewing. This is my first post on UKOIL after doing several on US crude. Long story short, these didn't have the chart price history that UKOIL has. The way I see the count now is that the 2016 to present rally is made up of waves (1) to (3) and we are somewhere in the wave (4) correction. The most recent August to October rally was a 3 wave...
Hi, Just a quick one to share my wave count and swing strategy. If we drop to sub $1100 levels I will be a buyer and if we break above the blue line I will also be a buyer. Spoiler alert, I am also a regular (physical) buyer at levels in between - but will also enter a trade at these levels. Let's see what happens. The market will decide.
Thanks for viewing, this is my first post for some time. Just to say that my buy zone between the 0.618 and 0.786 fib retracement levels has been entered and I expect a strong bounce shortly. Lets see how it goes. Good luck everyone, protect those funds.
Thanks for viewing, Well the theory goes that the US is weak but the rest of the world is weaker, so the US market will continue on up which will support the currency. Maybe so, I am just looking at the chart. What I do see, is an overvalued equity market and extremely low return from treasuries, which could result in global buyers looking for value elsewhere....
Thanks for viewing, First of all, I am not an XLM shill, but I am a fan. Yes, I also have significant (for me anyway) bag. Most of that bag was bought over the last month or so. The blue box is my already published buy zone - which has been overshot by about 6-7%. This post is just to note the bullish RSI divergence unfolding. Price made a lower low and the RSI...
Thanks for viewing. First of all, this isn't based on any fundamental factors to do with Singapore per-se, apart from Singapore standing between two huge but struggling economies; China and Europe. Singapore is a very nice place, with great people, who have overcome significant challenges to create what is a shining light in Asia. If my view eventuates, I am...
Thanks for viewing, Overall I remain bullish on gold and silver, however, I am looking for a pull-back to add to my position. We may be looking forward to new all time highs in USD terms (gold has recently reached new all time highs in over 70 national currencies including first world western economies; e.g. AUD, NZD, CAD, Norwegian Krone). There are strong...
Thanks for viewing, This is my view for XLM - a very promising and undervalued project with several real use cases e.g. as a very quick, and developer friendly ICO platform and as a platform for ultra low-transaction fee (effectively free) international remittances. My buy-zone is between 0.076 and 0.70 with XLM not dipping below (or much below) the 2019 low set...
Hi, thanks for viewing. I hope this makes sense to someone - not just me :) Great performance from silver recently showing; 1. That there is life in silver, 2. A nice impulsive move, 3. Out-performance of gold. However, all my lines and pretty colours suggest that silver may be about to consolidate before moving higher. It's just how I see the chart (I will be...