The Path to 2023….
Sorry I haven’t posted.
Things have been boring charting for me. I’ve just been holding my long stockmarket positions and short miners for so long.
I expect the testing of the highs to hold above and on to new highs for the major stock markets.
I expect the dollar will begin its major rise soon to 160.
Oil has been stubborn. I expect it to eventually fall into the low 10’s atleast.
I expect gold and silver to majorly fall.
Not sure how long this fall goes on for but expect a big move down. Sir Schism convinced me of a possible scenario where there’s a major initial bottom maybe happening at the beginning of next year. And then maybe a big recovery and a double bottom a year or so later. Shall see. That or slow and steady down for a couple of years….
Bonds? I’m the least sure about but if money comes pouring into the United States like I think we may see bonds rise again to new unexpected highs. This, I’m least sure about. Bonds aren’t mentioned in the Trump Prophecies just the dollar, oil, as well as great prosperity and money from overseas pouring into the United States for 7 years with Trump.
It’s not letting me edit the text on my dollar chart with the iPhone. I would change it today to read: “The 800 lb Gorilla that makes EVERYTHING make sense”. This backtesting is almost done and it’s going to be “showtime”.
Also in showtime territory? Trump is going to begin major arrests in the next couple of months. Deep State Going down. Part 1 is that the illegal FISA warrant info is coming out. The Russian Hoax will be revealed and it will be clear that Trump was illegally spied on during the campaign and after. So much is about to begin pouring out…Part 2 and 3 should be even more interesting…. Good times, money and confidence are coming to America.
Good stuff. Thanks.
Thanks Sir Chuck.
Nice work.
We shall watch
Nice Charts Chuck, will send you a picture or two of what I sent to Norvast. Mainly time nerd stuff and possibly coincidental so didn’t think folks would find it interesting here….but paints a picture better than a text. lol
https://www.tradingview.com/x/EGh7TVyJ/
In case there were concerns of rail voltage
https://www.tradingview.com/x/kFmUAxpI/
I think there’s going to be another GFC, although not perhaps as bad as the first, which will take global SM indices down approximately 50%.
Everything else will sell off too. Then another multi-year rally.
The bottom line is all “Western” economies are bankrupt. If your debt-to-GDP ratio is already ~90% & all your boomer liabilities are unfunded, which they are, then you’re finished unless you can inflate at least 50% of the debt away.
Question is can you? IMHO, you can. As long as CB’s print enough and give it to people rather than banks, they’ll have no problem inflating it away.
Dark to light.
As I recall, if you have inflation running at 7% for 10 years then you can halve the value of the national debt in real terms after 10 years.
One of the problems with higher inflation is that it benefits debtors at the expense of creditors which is why it has become economic orthodoxy that higher inflation is *very bad indeed*.
Good possibilities.
I think the next 5 could be pleasant times. I could see that happening in 2023…
Crystal ball is a little foggy… 🙂
One more thing: if the dollar almost goes up 100% how much does that drop the price of foreign goods? By half…. wouldn’t it also 1/2 the value of our debt 🙂 Maybe not…
Great to hear from you Chuck and thank you for the update. I see the movie on the Trump Prophecies is coming out but I can’t find any details on how those prophecies affect the various markets. That’s a big move on the NASDAQ since 2016 maybe some more digesting to shake out the weak hands and then a move higher after the midterms. Regards.
Nice work Chuck!