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Created on: 11/23/2021 3:41:26 PM Last Update: 11/23/2021 3:46:00 PM Posted by: RTT
1 POST
Gold and Silver still working higher
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 Using Gann Angles from zero we can time the next run up, and it is near.
The last two days gold and silver are down on the back of central bankers talking the US Dollar higher in a attempt to off set inflation. A rising dollar is a form of tightening. Also the talk of a faster 'taper' has sent interest rates higher. But Luke Gromen knows this cant not last.
@LukeGromen Externally-financed twin deficit nations with insufficient external financing (ie the US, not Japan) cannot abide rising real rates for long.
RTT Comments: What this means a higher US Dollar makes it harder for those outside the US to buy the vast quantity of US Treasuries.
US dollar based debt has jumped from $200T to $330T in one short year. Higher US interest rates will hurt those who have to pay on these loans. The US Government interest expense is sky rocketing, the interest expense is equal to the US Defense budget.
If the trend continues stuff will begin to break. Jay Powell has just been re appointed as Fed Chairman and you can bet a deal was done with the DEM's the FED must not let the markets blow up before US Mid terms late 2022. Interest rates can not go too much higher, the Feds fat finger is near. More money printing is near.
Gold with Gann Angles from Zero
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Silver with Gann Angles from Zero
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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 desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”..
Jesse Livermore
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..
Charlie Munger
.."No amount of evidence will ever persuade an idiot"..
Mark Twain
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..
Bernard Baruch
..."I always believe that prices move first and fundamentals come second"..
Paul Tudor Jones
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