EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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a charcteristic slope downwards of about 6% , then the debt will explode again upwards exponentially to about 23% of the present level and then the bond bubble will crash and a deluge wave of DEFLATION will halt the world economy. Then a 50 dollar cah bill will buy a condo in Florida but no one has cash as the bank accounts are wiped out, so are stock prices. This will take not too many years, I estimate 8 to 10 years. However to fulfill the crash function Fed will stop buying if not end of 2013, then middle of 2014. Thus one should collect US cash the greenback will be the only accepted cash after the deflationary crash.
Not gold.
While no one charts the DOW in terms of cigarettes one does so charting a currency pair. EUR depends on USD and USD depends on EUR but you cannot chart the mutual dependency.
mutually depend on each other thus you need 4 oscillators.
was a good enough mathematician to see at a glance EW could not be
applied on exchange of currencies, but his followers did not get that. E waves can be described as superposition of 2 "quasi-harmonic" oscillators , and Elliott waves are indeed an oscillation, the periodicity is that the EWs repeat. Sornette and others are going way beyond EW as such that the gradients of a price move matters, too. Thus they come up with a crash chart, EW cannot have such. How foolish chartists are, can be seen by their responding to irregularities. When they are bullish, every flash crash is a technical glitch, while every flash spike is bullish, and vice versa.
what brought Anadarco shares down 99% in the last minutes of trade and what brought DAX futures up 80 pts up at the same time
what was going on in swaps market at the same time and what nailed S&P down to exactly 1666 at the same time?
My answer is there is no puzzle at all it was all encoded in charts and elliott waves months before!
Interesting how different scientific approach is from chartastrologers' and wave counters' approach. It matters not at all whether a particular price is eventually reached it matters how it is reached. This is one uncertainty less.
have a stop buy aussie and audchf
note however there is only selling of paper gold not of physical gold.