Loading ...Aussie breakout
Shout out to Spock. he has been all over the Aussie Dollar Bottoming vis a vis his long term cycle charts
Last week it was the Canadian Dollar Breaking out Now its the Aussie Dollar
These of course are the 2 most important “Commodity” Currencies
Commodities , one would think should be breaking out too
Dr Copper is doing his part
What about Oil ? Jury is still out…needs to break back above the line.
So…the question begs…is Gold a Commodity ?
Most here believe it is Money First and Foremost.
Gold HAS to breakout here…makes no sense if it doesn’t….watching..Is Tonight the Night when everything goes Right ?
Yes, Spocks currency charts have been something to follow! They are at the top of the list of why I am sleeping better these days. My 5 year old little girl is seeing the effects from the improved quality of out time together.
Once upon a time
🙂
Deflation is when assets decline because the currency rises in purchasing power. Inflation is when assets rise because the currency decreases in purchasing power. With the Aussie & Loonie rising = deflation including Gold. Had posted charts of gold in other currencies and it was at the bottom rail of the trendline waiting to fall cheaper. Gold in CAD now 1565 ( down $200) , therefore a lower USD and higher other currencies equates to Gold. I may be wrong in this thesis but the charts do show this. With the Euro rising, deflation hits them and perhaps the money printing machine will come back on stronger. What happens with a high Euro? Higher debt costs?? Ouch.