|
|
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 785 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
|
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.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”...
Jesse Livermore
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
Bernard Baruch
.."Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway"..
Warren Buffett
."Buying stuff people hate, that's the business we are in, right!"..."you may need to have a longer time horizon"..."be patient"..
Mark Yusko
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
|
|
|
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
|
|
 | Pages |
| | 1. Blog Performance Review |
| | 2. List of the best blog posts |
 | MostRecent |
|  | Semi Conductors ready to bounce. |
|  | Mining stocks higher into 2026 Mid terms |
|  | Gold warning signal just fired |
|  | Dow Jones Long Cycle Review |
|  | Bitcoin passes $100,000 |
 | Ney(1) |
 |  | US Dollar with Ney and Gann Angles |
 | Crypto Currency(31) |
 | Central Banks(18) |
 | Crisis Watch(9) |
 | Wyckoff(4) |
 | Cycles(5) |
 | Gann(13) |
 | Chart Review(17) |
 | Browsing(120) |
 | RTT TV(15) |
 | Sector Watch(30) |
 | RTT Tools(43) |
 | Wyckoff 2.0(42) |
 | Mystery Trader(6) |
 |  | Elliot Wave within Wyckoff Logic |
 | Market Strategy(73) |
 | Cycle Review(76) |
 | Swing Trade Idea(49) |
 | Market Calls(26) |
 | Investors(105) |
 |  | Hidden Pivot Point and Wyckoff logic |
 | News(7) |
 | Bonds(20) |
 | Metals and Forex(165) |
 | Gann Wyckoff Hurst(119) |
 |  | Newmont Mining Gann Angles |
 | Wall Street(25) |
 | Ticker Review(35) |
 | Uncategorized(2) |
 |  | Bitcoin Chart Review |
 | Market Review(96) |
 | Jokes(28) |
 | Economic(99) |
|  | China M1 is key to watch. |
|  | US Debt to GDP issue, what is next? |
|  | The uninformed are crushed by money supply growth |
|  | US Election Year Cash Bazooka |
|  | 2024 soft landing working it |
|  | US GDP recovery |
|  | US tax receipts hurting the dollar |
|  | Stagflation now, as deflation risks grow |
|  | Love of property investment will die |
|  | Money supply crash will force a sharp FED reaction |
|  | Powell has a debt problem |
|  | Powell doing a Volker to crush inflation, yeah right! |
|  | Bubble Watch - Maybe it only just started, Dow 50000 - Update 1 (RTT Plus) |
|  | Bubble Watch - Maybe it only just started, Dow 50000 (RTT Plus) |
|  | US is bound by these economic rules (RTT Plus) |
|  | Dow Jones Utility index could trade like the FANGs |
|  | Funds are getting ready to move out of USA |
|  | US Economic Review 2019Q4 |
|  | Bond Market, Houston we have a problem! |
 | 202504(1) |
 |  | Semi Conductors ready to bounce. |
 | 202503(1) |
 |  | Mining stocks higher into 2026 Mid terms |
 | 202501(2) |
 | 202412(1) |
 |  | Bitcoin passes $100,000 |
 | 202411(1) |
 |  | Post TRUMP win, our top pick |
 | 202410(1) |
 |  | China M1 is key to watch. |
 | 202409(1) |
 |  | US Debt to GDP issue, what is next? |
 | 202408(1) |
 |  | Market Money Sugar |
 | 202407(1) |
 |  | The uninformed are crushed by money supply growth |
 | 202406(1) |
 |  | US Election Year Cash Bazooka |
 | 202405(1) |
 |  | Bitcoin 2025 price targets |
 | 202404(1) |
 |  | Fed panic signal to watch for |
 | 202403(1) |
 |  | Gold stocks ready to move |
 | 202402(1) |
 |  | Long term bond games will send investors into gold |
 | 202401(2) |
 | 202312(1) |
 |  | Stock market cycle look into 2024 |
 | 202311(1) |
 |  | Ethereum runs hot on new market liquidity |
 | 202310(2) |
 | 202309(3) |
 | 202308(3) |
 | 202307(2) |
 | 202306(3) |
 | 202305(3) |
 | 202304(4) |
 | 202303(2) |
 | 202302(4) |
 | 202301(3) |
 | 202212(4) |
 | 202211(3) |
 | 202210(5) |
 | 202209(3) |
 | 202208(4) |
 | 202207(4) |
 | 202206(3) |
 | 202205(5) |
 | 202204(3) |
 | 202203(3) |
 | 202202(2) |
 | 202201(4) |
 | 202112(5) |
 | 202111(4) |
 | 202110(3) |
 | 202109(5) |
 | 202108(5) |
 | 202107(8) |
 | 202106(9) |
 | 202105(7) |
 | 202104(4) |
 | 202103(7) |
 | 202102(6) |
 | 202101(8) |
 | 202012(3) |
 | 202011(5) |
 | 202010(3) |
 | 202009(4) |
 | 202008(4) |
 | 202007(4) |
 | 202006(3) |
 | 202005(5) |
 | 202004(4) |
 | 202003(10) |
 | 202002(5) |
 | 202001(5) |
 | 201912(5) |
 | 201911(5) |
 | 201910(7) |
 | 201909(5) |
 | 201908(4) |
 | 201907(5) |
 | 201906(5) |
 | 201905(7) |
 | 201904(5) |
 | 201903(8) |
 | 201902(5) |
 | 201901(6) |
 | 201812(4) |
 | 201811(5) |
 | 201810(7) |
|  | RTT browsing latest.. |
|  | Kitchin Cycle warned of market volatility |
|  | History Rhymes with the Dow |
|  | No Bids In This Market |
|  | SP500 sell off well forecast by President Trump |
|  | Bond Market, Houston we have a problem! |
|  | RTT browsing latest.. |
RSS
Atom
Email Delivery
Blog Links
Symbols used in blog
AAPL AMZN AORD AUY BB BTC COP DJI DOW DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOLD GOOG HMY HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SILVER SLV SOX SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE XLU
|