Gold Bouillabaisse measures to 2160. ©Potatohead 2022 No rights reserved. Here’s a monthly chart going back 21 years. It doesn’t get much more bullish…
Baron Rothschild famously said, Buy when there’s blood in the streets after the Battle of Waterloo. But few seem to be taking that advice this morning. Perhaps it’s because this war has only just begun, and there’s a question whether any of us will eve…
Originally posted at Capitalstool, the Stool Pigeons Wire. WHAT IS PRICE?????? Price equals the function of information divided by time. Stock prices and any other…
Originally posted at Capitalstool, the Stool Pigeons Wire. Not that it matters, but if stocks break out topside, the narrative will be that US stocks…
Gold is coming out of a beautiful bowl base that conventionally measures to 2150. But it faces significant resistance at 1975. For the big picture…
The purple line is the Fed’s System Open Market Account, in other words, its securities holdings. You see the Fed’s balance sheet normalization 2017-19, and…
I live in Europe, but earn my income in US doodahs, and hold cash and other assets in USD. So, in a sense, I am…
I’m not saying that I know which way they’ll break, just that today could be the day. The hourly charts of the ES, S&P 500 futures are extremely neutral. Is that even possible? Extremely neutral?
But that’s where the hourly oscillators are. Th…
I’ll start with the 5 hour bars on the ES S&P futures to show you just where we are in terms of the downtrend since the January high. We are right there on the verge of a breakout through one channel, but still facing resistance every 5-10 points f…
10 Year Treasury Yield- War in Europe and an existential threat to the world did this. But note that yield is still above the 100…