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.
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.
It is pretty clear a larger budget deficit will push us to the edge of world war, if the elite and their minions prevail. Will we see in 2023, the 21st century version of 1915, emerge ?
Ukraine president pulling bell at stock exchange drumming up business while his general is talking WW3 that’s not a sign of a well ran gang God Father 3
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
Good morning WOT and keep up the good work.
I am 50% cash 50% gold and silver stocks Canadian mining companies, am I crazy or am I nuts?
Thanks Tom...
(You’re insane for not owning Phizzz)
And why is that there Miggy?
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.
I think it has something to do with goods ,more money printing ,few goods can’t keep up
They own the Banks. Ingenious. Cause the the problems , Then solve Them.
What a racket.
Right up there with war and getting married
https://www.zerohedge.com/economics/fed-about-start-losing-money-what-does-mean
It is pretty clear a larger budget deficit will push us to the edge of world war, if the elite and their minions prevail. Will we see in 2023, the 21st century version of 1915, emerge ?
Evil will never prevail...in the long run
https://www.dailymail.co.uk/news/article-11164809/Americans-taking-loans-buy-groceries-using-pay-later-services.html
Greg,
FYI
Part of my daily financial diet.
https://wallstreetonparade.com/2022/09/after-funneling-trillions-of-dollars-in-repo-loans-to-serial-bank-offenders-lorie-logan-gets-a-440000-job-running-the-dallas-fed/
Enjoy!!
Thanks,
WOT
Ukraine president pulling bell at stock exchange drumming up business while his general is talking WW3 that’s not a sign of a well ran gang God Father 3
greg its hidden in plain sight
Well why not bailouts for everyone crypto for everyone the us taxpayer can afford it global bailouts cwazy times sir keep up the good fight
Maybe for the 1 % you may be right
Oh my god, who could have saw this coming! The most important financial institutions getting bailed out! Whaaaaat? Shocking!
Long live the Bank 🏦
Italy 10 year broke 4 %
It feels like last week Spain and Italy got bailed by Frankfurt!
Fellow Germans need to stop paying for the PIIGS! PIGS GET SLAUGHTHERED!
mkt rises and falls w/ the 10 yr yld
still laughing
hey wanna here a joke: remember QT? -hahahahahahahahaha (laughing too hard)
Does Gregory have a serious illness? Go see a doctor, you look like death
You wish you looked like you had late stage cancer?