Oh gold. Ugly. Will gold bugs get slaughtered again? My thoughts on that.
Meanwhile, BTC is out on a ledge. If it starts to curl upward before breaking 37,000, bullish. But if that breaks, I say it’s over. Say Kaddish for Crypto.
Meanwhile for my fellow American expats living in Europe, while earning our incomes in doolahs, this is going well for us, not so well for Euro peeins. The euro is now targeting $1.05 in the short run and about $1.03 a little further out.
The euro has broken a 15 year trendline. If it doesn’t hold $1.03, it will reach parity with the dollar.
As long as the Fed is tight as a drum, taking dollars out of the world financial system, and the ECB isn’t, or is less so, this will continue.
And for the big picture:
- Swing Trade Chart Pick Screens Flip Flop April 25, 2022
- Ugly Whipsaw Revives Crash Potential in Stocks April 25, 2022
- Tons of Cash, Not In Use, Signals this Huge Change in the Market April 23, 2022
- Sell Gold in May and Go Away? April 19, 2022
- Primary Dealers Still Long and Wrong, But A Gift Rally Looms! April 11, 2022
- Why March Withholding Taxes Showing Red Hot Economy Is Bearish April 3, 2022
- Fragile and Dangerous Semi Blind Spot March 28, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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