DrStool Posted December 6, 2023 Report Share Posted December 6, 2023 Got your attention? Does anybody really give a damn about it anymore? Or are we living in the past in this Crypto Age? Gold Got There Fast But Race is Over Meanwhile, the rangebound slop in stocks goes on and on. I don't like it, but have been trading it somewhat ok. Actually made a few bucks with a couple of oil servicers on the short side yesterday but went home long one little stock, about which I know nothing. Nothing. It's just a chart that popped up on my screens and it looked like it might go up overnight. But overall, the pickins were slim. Real slim. And so the hourly chart of the ES 24 hour S&P futures looks a little 2-3 day cycle toppy here, having not quite tagged an apparent cycle projection of 4585. There's still a chance that it could make a run at a 5 day cycle high testing Tuesday's high of 4599 by Friday. Coin flip, but I'll take it. Just a feeling. Over in the bond market, the 10 year yield has reached a 13 week cycle projection of 4.18. Here's the long term weekly chart. Would you be a buyer of fixed income here. Wall Street has been telling us to buy bonds. Who are we to disbelieve them. Then there's this inexplicable correlation of the EUR/USD acting as a leading indicator for stocks this year. The lead time has been not quite 2 weeks. I can't think of a single reason why this should work. But it has, 5 out of 7 times over this year. For moron the markets, see: Gold Got There Fast But Race is Over December 6, 2023 Swing Trade Screen Picks – November Was a Good Month, List Still Mostly LongDecember 5, 2023 Tax Revenues and Liquidity are Crashing December 4, 2023 Christmas Goose Temperature Nears Required Doneness December 4, 2023 Swing Trade Screen Picks – Read My Lips, No New Longs. But a Couple Shorts November 28, 2023 Gold Sets Up Potential High Base BreakoutNovember 24, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023 A Rally Can’t Live on Hope Alone November 20, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. Link to comment Share on other sites More sharing options...
BreakOut Posted December 6, 2023 Report Share Posted December 6, 2023 I thought I had discovered your secret sentiment indicator. Like the kid who accidentally took a picture of Clark Kent changing into Superman on the old TV show. Link to comment Share on other sites More sharing options...
fxfox Posted December 6, 2023 Report Share Posted December 6, 2023 Who has the pants on? The Treasury or the FED? I say. The Treasury. Yellen will do ANYTHING to prevent a serious downmove in 2024. It is all about the election in 2024. Link to comment Share on other sites More sharing options...
Jorma Posted December 6, 2023 Report Share Posted December 6, 2023 41 minutes ago, fxfox said: Who has the pants on? The Treasury or the FED? I say. The Treasury. Yellen will do ANYTHING to prevent a serious downmove in 2024. It is all about the election in 2024. Treasury, Fed, and everyone in the whole world who's wealth is high measured in asset prices, and little people too, are on board with more central bank money. Everywhere, everyone. Nobody is against it. And everyone knows more is coming. Link to comment Share on other sites More sharing options...
fxfox Posted December 6, 2023 Report Share Posted December 6, 2023 DAX again with new all time high. 1 Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2023 Author Report Share Posted December 6, 2023 3 hours ago, BreakOut said: I thought I had discovered your secret sentiment indicator. Like the kid who accidentally took a picture of Clark Kent changing into Superman on the old TV show. Two all beef patties... Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2023 Author Report Share Posted December 6, 2023 All noise all the time. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 6, 2023 Report Share Posted December 6, 2023 gold is like health insurance. your butt naked without it. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2023 Author Report Share Posted December 6, 2023 Doesn't strike me as a gold plated policy. In the last 20-30 years when has gold paid claims in a disaster? Link to comment Share on other sites More sharing options...
BurntOnce Posted December 6, 2023 Report Share Posted December 6, 2023 what good are those unrealized gains in gold, when Earth shortly becomes an inferno? https://www.yahoo.com/news/earth-verge-five-catastrophic-tipping-000155721.html Link to comment Share on other sites More sharing options...
fxfox Posted December 6, 2023 Report Share Posted December 6, 2023 24 minutes ago, BurntOnce said: what good are those unrealized gains in gold, when Earth shortly becomes an inferno? https://www.yahoo.com/news/earth-verge-five-catastrophic-tipping-000155721.html „Tipping points“ are a hoax. Like the bullshit the „Club of Rome“ published in 1974. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2023 Author Report Share Posted December 6, 2023 Today was a statement. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2023 Author Report Share Posted December 6, 2023 5 day cycle projection 4545. jusqu'à demain, bonne nuit et bonne chance. Link to comment Share on other sites More sharing options...
SiP Posted December 6, 2023 Report Share Posted December 6, 2023 Gold is shit. Look at returns since 2009 for equities vs gold etc Its paying completely nothing. The whole story is based on Russian stories that America sill go bankrupt and dollar is worthless. They keep talking about this stories i guess since 70ties of last century. Lets focus on equities, bonds and crypto like BTC. Why BTC? because its better for mafia and all scumbags. Really. Im pretty sure that 50% of money flowing to crypto is drugs, money laundering etc Thats why there is a bright future ahead of btc. Unless all big gov kill this channel for mafia but i dont think it will happens. Link to comment Share on other sites More sharing options...
SiP Posted December 6, 2023 Report Share Posted December 6, 2023 New ath on dax is pure wtf for me. Sick man of europe, energy crisis, RE crisis, economic crisis and guess what, ath. WTF! Link to comment Share on other sites More sharing options...
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