Don’t trust everything you read in the papers or see on television or social media. And, to paraphrase former Prime Minister Benjamin Disraeli, always be on the lookout for “lies, damn lies and economic statistics!”
Today we live in a time of damn lies and economic statistics which are designed to disguise the reality that we are broke and the system is f****** do we really need a fibonacci rate to tell us we are getting poorer? and the overuse of the printing press has caused our societies leader to commit economic euthanasia on us the citizens.
The reality is being played out in our supermarket trolley, and by the amount of rent some have to pay. While on our streets the fallout can be measured in the amount of tents and smack heads who have chosen a life of drugs to release themselves from the reality of poverty and helplessness.
While the media will pump out misinformation, the lies that governments publish as many of them get paid not to question but just to print spin.
The constant lying is not aimed at making the people believe a lie, but at ensuring that no one believes anything anymore. A people that can no longer distinguish between truth and lies cannot distinguish between right and wrong. And such a people, deprived of the power to think and judge, is, without knowing and willing it, completely subjected to the rule of lies. With such a people, you can do whatever you want.”
—Hannah Arendt
Hannah Arendt was a German-American historian and philosopher. She was one of the most influential political theorists of the 20th century. ( Or the person who taught a whole political generation how to lie )
Channel downtrend broken for sure, however your chart made a lower low than previous and although the channel trend break is concerning it has not made a higher high from previous peak. Its possible we will now see a back test of the top of the channel. What happens then is of more interest, if it forms resistance and goes higher that is very worrying, if it falls back in the channel fine. If it makes a new high above the previous peak then as you say, all bets are off and its time to hold cash.
Thank you Peter, I am NO expert and actually a total newb….but of all the comments, yours seems to be what I believe to be the most accurate….one thing I HAVE learned…never panic and patience is key
This could take a while to play out and I will be looking for confirmation ABOVE 310…if we get that and it continues up, then I am definitely in USD n metalS ONLY!!
thanks for the analysis, I freakin LOVE learning about finance and being involved in such a community 👍
The Fed has clearly set a level that they don't want the debt market spiking beyond. After all, they've only got to maintain the illusion for a couple more weeks before they pull the plug. ICYMI (10/15): Pentagon Issues Federal Directive Allowing Military to use ‘Lethal Force’ Against Americans! All the pieces are in place. Be prepared! Take care of yourselves AND each other! We WILL prevail!!
Double bottom with a break of the downward trend line, but other than the technical the fundamental fact the Fed is trying to stimulate by lowering rates and the opposite is happening tells me that the tools in the “tool box” aren’t working as well as they would prefer. CAUTION ADVISED
Still in a longer term downtrend. Bounce still less than a 50% retracement of the last down wave. This may be corrective wave 4 of 5 waves down. Need to get above 310 to confirm a break of the down trend.
The MMRI has tested the high of 320 and 310 and a bottom of 240 and 230 and is rising faster from the retest low at 230 This will be the MMRI third shot at the 320 level and as such is likely to break through this level to a series higher highs and higher lows but could not see what was on the chart previously of Nov 2022 so not sure what had gone before
James if the Banksters are cutting rates next FOMC ( they lie all the time I understand) but how do they announce a quarter point cut but the rates are raising?
Take it your asking me Mr Bee If your asking about the 10 year yield this is going higher because of reduced demand for this longer term bond and the interest rate is raised to attract new investors in the bond Don’t forget at a FED rate cut is a rate cut on the MINIMUM lending rate so real rates can be higher like I think mortgage rates at 7 % in the USA at the moment
That makes perfect sense James. I really appreciate you getting back to me. This stuff is not easy for me to understand. I appreciate you're time. Have a great day James.
Clear breakout from the declining trend, BUT confirmation is necessary to confirm a change in ascending trend (ie. Higher risk).
Agree but also at fibonacci 50 % retrace, could turn down from here.
I agree. Looks like more upside ahead. Time to be cautious.
Agreed. A double bottom that broke from the declining trend. I'm still learning this stuff.
Don’t trust everything you read in the papers or see on television or social media. And, to paraphrase former Prime Minister Benjamin Disraeli, always be on the lookout for “lies, damn lies and economic statistics!”
Today we live in a time of damn lies and economic statistics which are designed to disguise the reality that we are broke and the system is f****** do we really need a fibonacci rate to tell us we are getting poorer? and the overuse of the printing press has caused our societies leader to commit economic euthanasia on us the citizens.
The reality is being played out in our supermarket trolley, and by the amount of rent some have to pay. While on our streets the fallout can be measured in the amount of tents and smack heads who have chosen a life of drugs to release themselves from the reality of poverty and helplessness.
While the media will pump out misinformation, the lies that governments publish as many of them get paid not to question but just to print spin.
The constant lying is not aimed at making the people believe a lie, but at ensuring that no one believes anything anymore. A people that can no longer distinguish between truth and lies cannot distinguish between right and wrong. And such a people, deprived of the power to think and judge, is, without knowing and willing it, completely subjected to the rule of lies. With such a people, you can do whatever you want.”
—Hannah Arendt
Hannah Arendt was a German-American historian and philosopher. She was one of the most influential political theorists of the 20th century. ( Or the person who taught a whole political generation how to lie )
In Greg we trust !
Cup n handle? If so, it’s going to skyrocket up! Selloff eminent!
Head 'n Shoulders - lips are kissing its ass goodbye.
Channel downtrend broken for sure, however your chart made a lower low than previous and although the channel trend break is concerning it has not made a higher high from previous peak. Its possible we will now see a back test of the top of the channel. What happens then is of more interest, if it forms resistance and goes higher that is very worrying, if it falls back in the channel fine. If it makes a new high above the previous peak then as you say, all bets are off and its time to hold cash.
this should be the top comment.
Thank you Peter, I am NO expert and actually a total newb….but of all the comments, yours seems to be what I believe to be the most accurate….one thing I HAVE learned…never panic and patience is key
This could take a while to play out and I will be looking for confirmation ABOVE 310…if we get that and it continues up, then I am definitely in USD n metalS ONLY!!
thanks for the analysis, I freakin LOVE learning about finance and being involved in such a community 👍
The Fed has clearly set a level that they don't want the debt market spiking beyond. After all, they've only got to maintain the illusion for a couple more weeks before they pull the plug. ICYMI (10/15): Pentagon Issues Federal Directive Allowing Military to use ‘Lethal Force’ Against Americans! All the pieces are in place. Be prepared! Take care of yourselves AND each other! We WILL prevail!!
Damn the Posse Comitatus Act law!!!
Full speed (kill) ahead.
Some will need taking care of themselves 😉 I think I know which ones. Rubber bullets bouce .
Double bottom with a break of the downward trend line, but other than the technical the fundamental fact the Fed is trying to stimulate by lowering rates and the opposite is happening tells me that the tools in the “tool box” aren’t working as well as they would prefer. CAUTION ADVISED
Man we are all seeing double. Smart group of followers.
Still in a longer term downtrend. Bounce still less than a 50% retracement of the last down wave. This may be corrective wave 4 of 5 waves down. Need to get above 310 to confirm a break of the down trend.
I’m guessing 280-290 then a pull back….
Not a technical trader professional but even a novice can see the double bottom. That would indicate the trend most likely will be higher.
Bounce to the bottom. Good point man 👍🏻
Double bottom!!!
Help Me Greg
Please Explain to me what i should be seeing
thank you for your help
The great flush before the new era/generation...and there are a lot of them!
Cup and handle possible, since end of July…looks like about 278/279, then consolidation until after election. If this confirms then higher
It’s going UP. Like balloon.
Double bottom....going much higher....
A mountain flanked by two valleys
Hi Greg
The MMRI has tested the high of 320 and 310 and a bottom of 240 and 230 and is rising faster from the retest low at 230 This will be the MMRI third shot at the 320 level and as such is likely to break through this level to a series higher highs and higher lows but could not see what was on the chart previously of Nov 2022 so not sure what had gone before
James if the Banksters are cutting rates next FOMC ( they lie all the time I understand) but how do they announce a quarter point cut but the rates are raising?
Take it your asking me Mr Bee If your asking about the 10 year yield this is going higher because of reduced demand for this longer term bond and the interest rate is raised to attract new investors in the bond Don’t forget at a FED rate cut is a rate cut on the MINIMUM lending rate so real rates can be higher like I think mortgage rates at 7 % in the USA at the moment
That makes perfect sense James. I really appreciate you getting back to me. This stuff is not easy for me to understand. I appreciate you're time. Have a great day James.