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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
WARNING: This entry is 670 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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...
.."Without specific, clear, and tested rules, speculators do not have any real chance of success"..
Jesse Livermore
.."A socialist is someone who has read Lenin and Marx. An anti-socialist is someone who undertstand Lenin and Marx"..
Ronald Reagan
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
Paul Tudor Jones
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
Warren Buffet
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
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