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Charts from the Lunatic Fringe.

Strawboss

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With the 3mo./10yr inversion - a recession is pretty likely within the next 12 months...just in time to really tank the economy in advance of the 2020 election. The Fed's work is finished on this...

Of course Trump knows this. The question is...what can he do to counteract? A recession has never before been avoided after said inversion...might this be the first?

This is his biggest challenge to date...how to counter the designed effort to take him down in 2020...
 

Zed

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Of course Trump knows this. The question is...what can he do to counteract?
The best thing for him will be if the trigger is an exogenous shock. With the way the world is that is a distinct possibility. Then he will have "a plan" to react to this disaster rather than being 'responsible' for any US based incident. Whatever the fact the spin factor will decide ---> JMO
 

Goldhedge

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If 'something' happens in the world that effects economies Trump will be able to point to them as the cause.

Otherwise, the FED is on the road to be the blame....
 

Strawboss

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If 'something' happens in the world that effects economies Trump will be able to point to them as the cause.

Otherwise, the FED is on the road to be the blame....
And as soon as Trump puts the FED in his crosshairs...and starts talking about them during his rallies and daily tweets...currencies are gonna be lively...
 

Goldhedge

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I posted this today. The Big Short

If you haven't seen it yet, do.
 

Goldhedge

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Zed

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Goldhedge

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What do you guys use to do research? Morningstar folded 10K Wizard a few years back.
 

Zed

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Zed

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What do you guys use to do research? Morningstar folded 10K Wizard a few years back.
Stock Doctor.... Awstralian, don't think they do US.
 

Goldhedge

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Zed

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All my goldies where down today... save one. +7.5% on no news... hmmmmmmmm
 

jelly

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Nice bounce in gold, causing buyers to come back into the miners. Silver holding $15. Should be interesting how this plays out.
 

jelly

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Looks like some very bullish action today in the metals and miners. I like how we didn't make a lower low. Also, miners have reclaimed their 50-DMA.
Really need some follow through over the next few days if this is indeed a low.
 

Zed

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Looks like -1285 then downside +1295 then upside (daily close). Range bound between for now. Watch the break.
 

Goldhedge

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A Point & figure view of the last chart on the Clive Maund link.
Au-myn

Can you comment on what the P&F chart is telling us?

I haven't learned to read these P&F's yet...
 

Au-myn

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Sure, Goldhedge.

This P & F chart is one I sent to dpong in early March while discussing this current pattern with him.
We were exchanging thoughts on the coming breakout.

Two formations are outlined. The first one, on the left side of the chart is a completed Bearish Formations in Combination pattern. It consists of a bearish signal - a top at 1433 (X on chart ) and then a bottom at 1199 (C) followed by a lower top at 1366 (3 on chart) then a lower bottom at 1166 issuing a sell signal (O). The second formation is a Triple Bottom. Two equal bottoms at 1199 followed by a third which penetrated 1199 and issued a sell signal at 1166.

The second outline is the same formation except it is the opposite. A Bullish Formations in Combination that is currently in process. A continuation upward to 1399 will be where the buy signal occurs. Note that the buy signal at 1399 will occur above its LT bearish resistance line, turning the chart bullish.


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