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Gold and Silver still working higher

Courtesy of Read the Ticker

gold-and-silver-still-working-higherUsing Gann Angles from zero we can time the next run up, and it is near.



The last two days gold and silver are down on the back of central bankers talking the US Dollar higher in a attempt to off set inflation. A rising dollar is a form of tightening. Also the talk of a faster ‘taper’ has sent interest rates higher. But Luke Gromen knows this cant not last.



@LukeGromen Externally-financed twin deficit nations with insufficient external financing (ie the US, not Japan) cannot abide rising real rates for long.


RTT Comments: What this means a higher US Dollar makes it harder for those outside the US to buy the vast quantity of US Treasuries. 


US dollar based debt has jumped from $200T to $330T in one short year. Higher US interest rates will hurt those who have to pay on these loans. The US Government interest expense is sky rocketing, the interest expense is equal to the US Defense budget.



If the trend continues stuff will begin to break. Jay Powell has just been re appointed as Fed Chairman and you can bet a deal was done with the DEM’s the FED must not let the markets blow up before US Mid terms late 2022. Interest rates can not go too much higher, the Feds fat finger is near. More money printing is near.   







Gold with Gann Angles from Zero



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Gold






Silver with Gann Angles from Zero



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Silver




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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.




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.
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Investing Quote…



…“I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street.  As long as they realize the market is a business like any other business, they have a good chance to prosper.”…



Jesse Livermore





..”To cause high prices, all the Fed will do will be to lower the re discount rate…, producing an expansion of credit and a rising stock market; then when, business men are adjusted to these conditions, it can check, prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The are private, conducted for the purpose of obtaining the greatest possible profits from the use of other people’s money. They know in advance when to create panics to their advantage, and when to stop panic.”…



Charles August Lindbergh Snr



..”A radical is one who speaks the truth.”..



Charles August Lindbergh Snr



…”The four most dangerous words in investing are ‘This time it’s different’ “…



John Templeton





..”Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”…



Paul Tudor Jones








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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

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