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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
WARNING: This entry is 702 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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
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 did exactly the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit."..
Jesse Livermore
..“It’s not what you own that will send you bust but what you owe.”..
Anon
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...
Paul Samuelson
.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..
George Soros
.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..
Mark Twain
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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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