Courtesy of Read the Ticker
The Biden Yellen team have made their play, and it is not US dollar friendly.
Janet Yellen speech named “International Priorities — Remarks to The Chicago Council on Global Affairs” (here) can be summed to (via Luke Gromen) :
The US is accelerating a move away from “subjugating the US middle and working class to support the USD“, to “subjugating the USD to support the US middle and working classes“.
Well the above is true, but as we all know large US deficits and the trend of the US dollar are joined at the hip, and that trend is down ‘huge’.
Gold has pulled back recently and the question is: Is the low in?
Gold has pulled back to 1×4 Gann Angle, plus the ‘T Theory’ indicator suggest a low is also in, so this blog sides with the positive and continue to look for higher gold prices.
Click for popup. Clear your browser cache if image is not showing. 
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
…”I did not know then what I learned later, what made me fifteen years later, wait two long weeks and see a stock on which I was very bullish go up thirty points before I felt that it was safe to buy it. I was broke and was trying to get back, and so I waited. That was in 1915.”…
Jesse Livermore
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
Bernard Baruch
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
