BANKS TO GET ANOTHER BAILOUT! It Begins With The ECB. Very Important Updates... Mannarino
From Greg M
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Greg,
Good morning.
This is the same jawboning that Powell used to panic the market they have to talk tough.
From the article
ECB President Christine Lagarde and the European Central bank to start talks on October 5th.The proposed shift, which causes a central bank’s balance sheet to shrink and is known as quantitative tightening, may come into force in the first quarter of 2023, they said
BUYING TIME
Now to more important stuff in the USA.
I had said the $$ was peaking.
As anticipated the US $$ is weakening.
We should see continued weakness until 9/19.
The speculators/professional traders/algorithms are now on the short side of the trade.
Support @ 106.47 then 105.09
Crude is in a counter trend bounce.
As for Bitcoin I remain cautious.
Counter trend bounce with the stock market.
Gold has to close above$1713.70 today to try and build a base.
We are looking @ $1950<>$2000.00 by year's end.
It will happen should we see the market selling off starting next week thru the end of the month.
People still consider gold an ancient relic.
The younger traders/investors grew up around Bitcoin and the crypto market.
So enjoy the weekend<>Greg<>and hopefully you get a chance to crank up the music and get outdoors.
Thanks,
WOT
PS if you read the article I suggested <>they tracked all the bailouts the banks have received.
Not surprise to me what their doing.
I spend my time reading and researching.
APO remains a favorite bought @ $50.52
Dear Gregory, Please excuse my ignorance, but exactly how does liquidity dry up if central banks can increase funds simply by adding zeros on a computer screen? It's all fake anyway, so what stops them from adding zeros to keep system going? P.S. , first thanks for all you do. Making good moves with your advice.