Loading ...THE MOST IMPORTANT CHART ON THE PLANET
The US Dollar Index :
This one chart holds the key to the Inflation vs Deflation Puzzle.
Of late we have been keeping Rambus posts exclusively for members.
BUT this one is too important to not share with Goldtenters….who in my biased opinion would all do well to become members !
One thing I can tell you for certain…when it comes to Long term trends …
Ignore the Wizard of Rambus at YOUR peril.
Here you will find the most provocative currency charts anywhere on the www.
Serious Students of Technical Analysis….Judge for yourselves the implications of this Post …
FWIW
https://rambus1.com/2020/01/22/wednesday-reportimportant-inflection-point-for-the-pm-complex-part-2/
Edit:
For me THIS is the Chart that keeps me Very Cautious regarding PMs
This is a very bearish chart IMO
Maybe the Gold Complex will finally rally WITH the Dollar going up ( Euro Down)
But that is a risky bet at the moment
Thanks Rambus
Watching this also Fully
IMO the EURUSD is the most significant chart. IMO the PTB have been rotating through the major commodities pumping them to try and float the EUR (Oil, Cu & Au) look at the value of Oil when ME “Events” happen coincides with the EurUSD chart on support. SA & Iran events to bump up Oil. From the GSR it doesn’t look like Ag was been invited to the party yet. History of monetary policy from the 1930’ with respect to Au across the board FIAT’s were systematically debased against Au and interest rates made negative.
Why is the US/FED holding rates positive at the moment is the question gents of the tent should be asking themselves…….? The second question is if the US/FED do decide to go negative rates what happens to the SM? Why has Au made the current run it has made recently in all currencies maybe look at the 1930’s economic history? What’s left for the CB’s……..
GLTA
That’s a very bullish looking chart, ready to make a big move to the upside. I’ll post my take on it later today.
Are you referring to this chart, which is still in play for a rising dollar?
https://goldtadise.com/wp-content/uploads/2019/02/BOINK.png
Irrespective of the fact that I think the dollar will go up (roaring up) when the house of cards collapses, I’m now well aware of the fact that the FED and the Government are going to try and keep the stock market from ever going down. A rising stock market is now the #1 indicator of a healthy economy in the minds of people who don’t know any better. Its why Trump will probably win reelection in November. The powers that be made a decision almost 10 years ago to never let the market go down more than 20%, so far they have succeeded, even though the fundamentals so not support their view. (Over the last 5 years the SPX is up 53%, earnings are flat, and “real” GDP is up by 11%) In that environment, anything goes, including a rising gold and a rising dollar. Should we close above $1560 decisively this month I think we may enter into a new gold bull market. (Perhaps not, just because I’m saying so)