flyinkiwi10

flyinkiwi10

Thanks for viewing, This just comes after looking at gold vs a number of different currencies like XAU/AUD which and XAU/NZD both of which have set new all time highs. The value of gold is one thing, the value of your home currency is a another thing. This is why people hold gold - to protect themselves from the slow and steady (or not so slow and steady at...

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Thanks for viewing, XLM is near to multi-year lows, but there are signs of support. This is my count, a count that applies to a lot of altcoins that despite showing some bullish action earlier in the year, are now re-testing the lows of 2019. Another possible count is that the big rise and fall-back (not yet to >100%) is wave 1 and 2 of a bigger new move up....

flyinkiwi10

Thanks for viewing, After last weeks unexpectedly deep 50 basis point cut by the RBNZ the NZD has lost ground against USD www.ft.com Against a back-drop of a very bullish gold/USD price this has resulted in gold breaking its 2011 all time high. I get the feeling that the a new monetary easing policy (QE4?) is around the corner from the Fed, so we are at the...

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Thanks for viewing. I have talked about fundamental factors in previous posts that point in the same direction. This post is almost 100% from the chart. - The NYSE has been making a series of lower highs since January 2018 (The Dow and the S&P 500 are smaller samples of the market and have been making higher highs of late), - Even the Swing high (which is well...

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Hi everyone, LTC has corrected further, while BTC is up ~10% over the same period. No huge mystery to my (quite wide) range of $82 to $71 - I am just straddling the 1:1 extension of the wave B correction. Remember the lower it goes the better - LTC seems (through the consensus of the market) to have wide appeal and recognised value. So the cheaper it gets - the...

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Thanks for viewing, If the wave count of the larger correction over the past few weeks is correct, BTC should stay above $9060. Maybe it goes a wick below that, but any more than that would cause me to cut-loss early below $9060. IMHO this is a low risk entry point seeking gains that could include new 2019 highs. I will link to my previous post pointing to the...

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Thanks for viewing, I recently heard a quote about gold along the lines of; if you are concerned by dips in price of gold, you don't really understand gold. I take that to mean; if the dips in the price of a rare and limited commodity with strong and lasting demand are able to panic you into selling - then you don't really understand the benefit of owning it in...

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Thanks for viewing everyone. This is typical TA, it might go up or it might go down (and I told you so in either case). But stick around anyway. After silver's top of almost $50 in 2011 it has made a clearly identifiable ABC formation correction of the intervening 8 years. If you squint just right, you can see the 5 wave wave (C) down too (complete with shallow...

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Hello, Thanks for viewing. This is a combined post (slash essay); 1. Trading the valuation oscillation between silver and gold for profit / accumulation, and 2. Possible signs of resistance on gold stretching its relative valuation on silver. Some of it will probably mirror well-established strategies, re-state some more obvious aspects, but hopefully, may be...

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Hi everyone, Just a quick post to share my small position my expectation that there is still more downside short-term. Medium term I expect prices to drop steeply (similar to late last year) as oversupply and slowing growth / demand seem to be overarching themes. I expect something around the sub-$35 mark. Quite key to this is the seeming inability of OPEC cuts...

flyinkiwi10

Hi, thanks for viewing. This is my general expectation for crude based off EW. The red box is an area of strong resistance at around $66 - 63. The blue box is where I hope to close out my short. Yes, I am aware that there are a low of factors in the background that could change this view in a hurry. - Bear in mind that last two weeks ago news was saying that...

flyinkiwi10

Hi everyone, Just to share some thoughts. The World Platinum Investment Council has reduced its surplus supply forecast by close to 50% for 2019 due to investment demand. Bear in mind that it is still in surplus, so I don't imagine that the bottom is in yet. Platinum outperforms gold in good times and bad. Since 2003 Platinum significantly out-performed gold...

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Boeing still has around -9% to go. It might be worth a trade. I am just watching. Not because I don't expect the price to follow my expectations - for other reasons. However, Boeing is a significant proportion of the Dow (11.26% of the Dow: qz.com). If you are watching the Dow, you would have noticed last weeks steep drop. Expect a lower high to be set in next...

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Hi all, Where we are right now: 1, Historically over-valued equity markets (average PE in excess of 30 in the SPX) / low dividend returns on equity (dividend yields approaching the return rate on Treasuries), 2. Volatility high and increasing (i.e. investors 2-4%pa dividend payouts can be wiped out in a day or two of bearish sentiment), 3. The market hasn't made...

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Hi, Thanks for viewing. For some this may be helpful, for others a mish-mash of doubtful technical analysis. Sometimes I hit that nail right on the head (of course not every time - the BTC / ETH bull-run exceeded my expectations so far by a significant margin). Short-term I expect a slight consolidation to not below 258, a bounce to around $270 followed by a...

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This is just an update. Since my last post USDCAD has set a higher high and this made a second touch on the declining RSI trend-line. Coupled with the big rejection (wick to the upside) this further confirms my bearish expectation for USDCAD. On the 15 minute timescale, I count a small 5 wave downward correction from the high set yesterday. A good entry point...

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From the swing low to the current price is up almost 500% in a few months, seems like a correction would be a reasonable expectation. Other reasons pointing towards a correction: - Ending fifth wave diagonal forming, - higher highs are translated into lower highs on the RSI (the RSI is just a momentum indicator) to show bearish divergence, - My rough EW count...

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Hi all, thanks for viewing. BTC has been on a massive run. I took part in a small part of it, but sold waaay too early. Oh well. So instead I have been watching for bearish signals. Despite recent bullishness, the bear market cannot yet be said to be over just yet. If you see my previous posts about ETH and BTC on how to confirm the end of the bear market, 2 out...