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Created on: 2/28/2023 9:12:21 PM Last Update: 3/1/2023 5:57:28 PM Posted by: RTT
WARNING: This entry is 282 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Math says Gold is going higher
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 If you lend money to some one, your primary concern is will the borrower maintain enough income to ensure interest and principle payments to you. This is banker math 101.
Lending money to a country requires the same logic.
The red line below (Chart 1) has a simple meaning.
1) Rising : Percentage gains of federal tax receipts are greater than percentage gains of federal debt.
2) Falling : Percentage gains of federal tax receipts are less than percentage gains of federal debt.
3) Pivots : Changes in direction. Resulting in trend changes to gold and the Federal Reserve funds rate.
POINT: If the red line is rising the lenders of money to the USA are confident of interest payments, if the red line is falling confidence in receiving interest payments declines, or a sovereign debt crisis!
Lets review major pivot periods.
2001: Tax receipts collapsed going into US recession of 2001/02*
2007: Tax receipts collapsed going into US recession of 2008/09*
2015: Tax receipts collapsed going into the slump of 2016 (China slow down, US Elections)*
2023: Pending: Tax receipts are forecast to collapse in 2023 H2 (see 2s10s yield curve recession forecast)
* In these years US debt to GDP moved higher after initial slow down.
Chart 1
Click for popup. Clear your browser cache if image is not showing.
The red line in the chart 1 highlights the forecasting of federal tax receipts and debt are very important to the trends of gold and federal funds rate. @LukeGromen (twitter) monitors tax receipts (chart 2), and the trend leader for US tax receipts is California, USA. Forecast is that tax receipts are falling hard.
POINT: This means the red line is about to fall hard starting ion 2023 Q1, just like the other years quoted above. Good for gold, and it will also force the FED to cut the FED Funds rate.
Chart 2
Falling tax receipts with out massive spending cuts results in more debt (chart 3). Just when the rest of the world does not want to buy US debt. This may force the FED to be the buyer of last resort once more.
Chart 3
Click for popup. Clear your browser cache if image is not showing.
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...
..."I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that."..
Jesse Livermore
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
.."The democracy will cease to exist when you take away from those who are willing to work and give to those who would not"...
Thomas Jefferson
.."What greater wealth is there than to own your own life and spend it on growing"..
Ayn Rand
.."We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission"..
Ayn Rand
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