new_trader
Legendary member
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- 6,770
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- 1,656
Is Platinum ready to start moving higher?
ES1950:Target Hit.
My figuring was 100% correct. Target hit. So much for all the Chicken Little dunces and their “Sell in May and go away” doctrine. The markets are going to the moon; Inflationary boom!
This isn’t an official forecast but I’d say this market has another +50% to go before there is any major correction. There is a kind of hubris starting to develop...just as one would expect in an inflationary boom. Although I’m not posting much these days I still read posts on Trade2win. It’s important for me to keep in touch with how the ‘public’ is thinking!
The psychopathic Central Planners continue their financial repression while trying to brainwash you into believing that inflation is good for you. By my reckoning the next financial crisis isn’t too far away, probably around 2016-2017, but it might just be possible for the insane and psychotic Central Planners to INFLATE-REPRESS-DENY for longer than even I can imagine. But make no mistake; the Central Planners have every intention of inflating their way out this predicament. So even when (if) they start to raise interest rates it will only be a token effort to make it look as if their over leveraged economies are stronger. They will raise rates so impossibly slowly, in absurdly tiny increments to ensure they are always a long way behind the inflation curve. Don’t expect to see any Gerald Ford style “Whip Inflation Now” campaigns...that is from a bygone era when Central Planners kept inflation to a minimum as opposed to today where they are doing the very opposite. The poor and low income earners will suffer, but they are disregarded. All that matters is the deflation bogeyman is destroyed.
I notice that all the retarded Socialists aren’t concerned about anything. The clueless imbeciles who claimed that Socialism bailed out Capitalism during the 2008 panic and then jumped on the “Occupy” bandwagon don’t see any problems with what the Central Planners have created. They are probably so stupid that they believe this is a real economic recovery made possible by the “Massive Advantage” a Central Bank has with control of the money supply.
They aren’t expressing any concerns about the grotesque distortions in the economy which are the direct result of Central Planner intervention since 2008 and prior! They are so clueless they actually believe the establishment media propaganda who tells them we are experiencing real economic growth rather than inflationary growth.
But when the next crisis comes they will be the ones screaming at the top of their voice that Capitalism got out of control and “greedy” bankers are to blame. They won’t tell us exactly when the Socialist Central Planners handed the economy over to Capitalism. Their trick is more of a “heads they win tails we lose” situation. They will try and convince you that when things appeared to be good, it was thanks to the policies of our Socialist Central Planners and things went wrong when they allowed Capitalism to take over.
But I know the truth and so should everyone who has been reading my journal. Unlike the last Financial Crisis where only a few understood what was really going on and accurately forecasted the crisis, everybody should see the next financial crisis coming. There are no excuses this time.
37,771
Platinum stack is now over 7 toz
Suckers dip
Global markets tumble; U.S. stock futures point to continued selloff on Wall Street
http://www.marketwatch.com/story/gl...o-continued-selloff-on-wall-street-2018-10-11
The tape is telling me that this is just a correction, but it is a 'suckers dip' i.e. People who buy this dip will make money when stocks rally to new highs. This will embolden them and they will buy the next dip, so will their friends and relatives who see them making money. They will all lose whatever money they made and more buying the last dip which isn't too far away...the tape never lies.
GC @ 1201.2
ES @ 2778.75
103,275
Stock benchmarks on Thursday fell for a third day, led by technology stocks, as Federal Reserve Chairman Jerome Powell said he was monitoring the recent rise in bond yields but added that the rise in inflation expected this year was unlikely to last and current monetary policy remained appropriate.
His remarks failed to soothe jittery bond markets, with the 10-year Treasury yield rising back above 1.50%.
Below is a simple multiple-choice question for my simple-minded detractors, especially @deadbroke.
Q. What is the aggregate entry price in USD of @new_trader's current Gold position?
(A) 1154.1
(B) 1295.6
(C) 1315.4
(D) 1477.9
(E) 1551.2
(F) 1663.3
(G) 1791.9
(H) 0 - new_trader lost everything in the 2013 – 2016 Gold bear market
(I) 0 - new_trader is only demo trading, a complete fraud and liar
(J) 0 - new_trader sold all Gold holdings above 2000
INSTRUCTIONS
Select only ONE answer from the available choices above. You can submit and change your choice as often as you want but your final answer must be timestamped in March 2021. You MUST register¹ your entry by clicking ‘Like’ at the bottom of this post. The correct Answer will be published in this journal. Have fun!
1. You cannot post in this journal because it is private. Clicking 'Like' will record your member name and your entry post can be found using the search facility of this website.
GC @ 1733.0
ES @ 3807.75
- Energy bills up by nearly £700 (with more to come thereafter)
- Interest rates raised
- Inflation set to exceed 7% for the first time in a generation
- Households expected to face the worst year for their post-tax disposable incomes since, well, pretty much ever.
ES1950:Target Hit.
My figuring was 100% correct. Target hit. So much for all the Chicken Little dunces and their “Sell in May and go away” doctrine. The markets are going to the moon; Inflationary boom!
This isn’t an official forecast but I’d say this market has another +50% to go before there is any major correction. There is a kind of hubris starting to develop...just as one would expect in an inflationary boom. Although I’m not posting much these days I still read posts on Trade2win. It’s important for me to keep in touch with how the ‘public’ is thinking!
The psychopathic Central Planners continue their financial repression while trying to brainwash you into believing that inflation is good for you. By my reckoning the next financial crisis isn’t too far away, probably around 2016-2017, but it might just be possible for the insane and psychotic Central Planners to INFLATE-REPRESS-DENY for longer than even I can imagine. But make no mistake; the Central Planners have every intention of inflating their way out this predicament. So even when (if) they start to raise interest rates it will only be a token effort to make it look as if their over leveraged economies are stronger. They will raise rates so impossibly slowly, in absurdly tiny increments to ensure they are always a long way behind the inflation curve. Don’t expect to see any Gerald Ford style “Whip Inflation Now” campaigns...that is from a bygone era when Central Planners kept inflation to a minimum as opposed to today where they are doing the very opposite. The poor and low income earners will suffer, but they are disregarded. All that matters is the deflation bogeyman is destroyed.
I notice that all the retarded Socialists aren’t concerned about anything. The clueless imbeciles who claimed that Socialism bailed out Capitalism during the 2008 panic and then jumped on the “Occupy” bandwagon don’t see any problems with what the Central Planners have created. They are probably so stupid that they believe this is a real economic recovery made possible by the “Massive Advantage” a Central Bank has with control of the money supply.
They aren’t expressing any concerns about the grotesque distortions in the economy which are the direct result of Central Planner intervention since 2008 and prior! They are so clueless they actually believe the establishment media propaganda who tells them we are experiencing real economic growth rather than inflationary growth.
But when the next crisis comes they will be the ones screaming at the top of their voice that Capitalism got out of control and “greedy” bankers are to blame. They won’t tell us exactly when the Socialist Central Planners handed the economy over to Capitalism. Their trick is more of a “heads they win tails we lose” situation. They will try and convince you that when things appeared to be good, it was thanks to the policies of our Socialist Central Planners and things went wrong when they allowed Capitalism to take over.
But I know the truth and so should everyone who has been reading my journal. Unlike the last Financial Crisis where only a few understood what was really going on and accurately forecasted the crisis, everybody should see the next financial crisis coming. There are no excuses this time.
37,771