Goldtent TA Paradise

US INTEREST RATES ABOUT TO BLAST OFF

1. Gold Learner says:

   May 25, 2023 - 2:58 pm at 2:58 pm

   Great minds think alike, https://goldtadise.com/?p=581826

   Sir Fully, you may want to discipline/chide Sir Nightingale again: https://goldtadise.com/?p=581822#comment-120521 … apparently he not only loves TA lines on the charts, but also loves to cross the line and provoke with his childish remarks!

   GL

2. Strider says:

   May 25, 2023 - 4:04 pm at 4:04 pm

   Can’t happen without destroying the regional banking industry and the worlds economy. So it won’t happen.

   • Strider says:

     May 25, 2023 - 4:43 pm at 4:43 pm

     Perhaps I should restate my case. It won’t happen now because the world still has some faith in the American dollar. That residual faith allows the Fed to influence interest rates, and I see it as unlikely that they wish to crash the world economy. Data from around the world shows us to be at the edge of a precipitous fall in economic output. That being said we are coming closer to a time when the Fed will have no control of interest rates. The market will decide without input from Powell, Lagarde or any other phoney central banker.

     • Gold Learner says:

       May 25, 2023 - 5:05 pm at 5:05 pm

       Sir Strider,
       Respectfully, I do not think you’re naive.

       Why do you think the regional banking industry cannot be destroyed?

       Whether short selling regional bank stocks to oblivion, or “rescuing” First Republic Bank or even “warning” of a default … the Fed’s strings are being pulled by the biggest bank of them all.

       https://wallstreetonparade.com/2023/04/jamie-dimons-deeply-conflicted-role-as-rescuer-of-first-republic-bank-requires-a-credible-investigation/

       GL

       • Strider says:

         May 25, 2023 - 5:58 pm at 5:58 pm

         It can be. The high rates are doing it to them now, but I don’t see how it benefits anyone. I don’t think Wall Street banks are all that interested in that business. They’re just picking up the scraps that fall to them as those banks are failing. A world wide depression would damage Wall Street immensely.

3. Chartsmaster says:

   May 25, 2023 - 5:45 pm at 5:45 pm

   Focusing on the chart above, while your projection could be correct if that trendline is broken, why couldn’t this pattern just as easily be a top with lower highs. Not saying it is, but it is just as likely to break down as break up?