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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 363 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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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 average chart reader is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to it’s logical limit he is bound to go broke."...
Jesse Livermore
.."When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years"..
Stanley Druckenmiller
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
...“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”...
Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
.."I was educated once - it took me years to get over it"..
Mark Twain
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