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Created on: 5/30/2022 7:17:30 PM Last Update: 5/30/2022 7:34:20 PM Posted by: RTT
WARNING: This entry is 304 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Gold Gann Angle Update
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 The gold to long bond relationship is about to allow gold price to move higher.
US Economic data has sunk, the economy has been slammed with higher oil prices, higher inflation, supply chain issues and corporate profit troubles. The rise of growth fears over high inflation fears will play on the US 10 year interest rate mostly likely keeping rates under 3% if not much lower. Lower 10 yr interest rate tend to mean higher gold prices (chart 1). Peak inflation fear may have passed.
The US dollar has also enjoyed a strong rally on much higher US inflation reports relative to the European Union, however this is changing as inflation in Germany is hitting all time highs and the ECB may have to hike rates faster and further than the FED, likely to send the EURUSD much higher. Also news items like COVID in China and war in the Ukraine are coming to an end, peak fear has passed, which gives more support for a higher EURUSD. Good for gold and silver.
Chart 1: The 10 year interest rate relationship to gold price in US dollars.
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Chart 2: Gold price is following the Gann Angles draw from zero (red lines), the blue lines offer a time zone as to the acceleration of price higher.
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Chart 3: Forest for the trees standard Gann Angles.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
..“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss”…
Richard D. Wyckoff
.."It does not take a majority to prevail, but rather an irate tireless minority keen to set brush fires of the freedom in the minds of men"...
Samuel Adams
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..
Charlie Munger
.."If you tell the truth, you don't have to remember anything."...
Mark Twain
.."It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So"..
Mark Twain
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