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Created on: 6/15/2023 7:24:41 PM Last Update: 6/15/2023 7:44:23 PM Posted by: RTT
1 POST
Gold and Oil fundamentals are married together
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 Crude oil is a very important commodity. Inflation, interest rates, and growth are all affected by it.
Oil shortages lead to higher prices, which leads to higher inflation and higher interest rates. This simple formula highlights that high oil prices are not compatible with high debt levels.
Some points
- Currently the USA federal debt to GDP% is 120%.
- US federal interest payments are likely to be over $1T in 2023 (FYI:US defense budget is $800BN).
- US federal interest payments are elevated during periods of high energy costs.
- Slower growth due to higher interest rates lowers federal tax receipts.
- High government spending while revenues are falling explodes the US federal deficit.
- A larger US deficit results in more federal debt.
- Rinse and repeat from the top of this list.
Video 1: Significant oil shortages are coming.
Chart 1 : Gold moves higher during periods of energy inflation.
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Chart 2: Oil is very Wyckoff accumulation friendly and should be on your watch list.
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Chart 3: Gold support and resistance channel lines show the higher targets.
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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
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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...
.."[Point and] figure charts are more valuable than vertical [bar] charts"..
Richard D Wyckoff
.."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
.....“I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
Martin Zweig
..“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
..."The four most dangerous words in investing are 'This time it's different' "...
John Templeton
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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
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