, 14 tweets, 13 min read Read on Twitter
So - #Gold is rallying towards AT - right? Bulls have won! Somebody should send the memo to #Silver. While #Silver normally leads or peaks with Gold - Gold has been on its own spree. Man - I would love to join the Gold Euphoria 😉 Bear Flag - perhaps? #HZupdates
Somebody should also send that memo to #GDX. Notice how GDX bottoms and supports Gold in Bull market. New high in Gold = New High in GDX. Not what we see now! #HZupdates
But....#USD is breaking down as Fed will cut rates.... No - it is not! #DXY is CORRECTING in a clear stairs-like structure. We can see 95 or 94 - perhaps lower. But this is no breakdown #HZupdates
If #Gold is going to rally to ATH - #Silver should have a very bullish looking chart.....really not what we observe, right! In fact - it is quite the opposite. May very well rally higher for a 2nd retest before turning down #HZupdates
#Gold is in a ZigZag-correctional move from 2015. I mistakenly identified a Triangle (was invalidated at 1364) - but that does not change the entire LT-setup. Top for ZigZag will be at either 1480 or 1590. It could also pot top here.....which would be very bearish #HZupdates
Target to the downside for #Gold will depend on where we top! If we top at ~1480, we are likely going to see bottom ~940 - but with probable fast spike lower.... If we top at 1580 - chances are, that we are dropping LOWER - pot. to 720 #HZupdates
Driver of lower Gold, will be #DXY strength. We are likely to see DXY rally to 107-119 in the coming rally #HZupdates
#EURUSD will probably rally higher coming weeks. But structure (stairs-like) of price action so far reveals nature of rally. It is CORRECTIONAL! May reach as high as 1.160 - pot. even higher. But correctional moves are always 100% retraced. Much lower levels ahead #HZupdates
In Q3/Q4 of 2018, everybody was Bearish TLT. LT-bottom in rates have been reached. Now - TLT Bulls are confident. Fed is going to lower rates and we have econ slowdown. Guess what... We may see a major CORRECTIONAL move down in TLT. Ya think Gold is going to like that? #HZupdates
And if we add on top PLUMMETING inflation expectation (has started) - and add a major crash in #OIL given by this major Ending Diagonal - well then we may see a spike in REAL RATES... Gold is going to love that 😉#HZupdates
And with #DeutscheBank looking like this (and similar for European Banking Index) - why should we see a deflationary bust? Well - Shortage of LIQUIDITY (Read: USD). How will ECB save #DB? By printing oceans of Euros as the deflationary gap opens #HZupdates
But surely, US #equities will do fine in a #deflationary bust... Ending Expanding Diagonal, which could top here - or all the way up to ~3140. Surely #Fed will come to the rescue in all their genius, only to push world economy into a stagflation 👍#HZupdates
Please notice the magnitude of this pattern #SP500 Major divergence - and a multi-year-developing topping pattern - pot. as a wave 5-top. The coming Bear Market will not be a simple one, which is solved by some CB-geniuses. Debt must be solved before end of K's winter #HZupdates
So - summarizing: We are going to see a major global economic crisis unfold. #Gold will eventually shine - but the time is not here yet. First #deflationary phase, where liquidity (#USD) is everything - before #stagflation will make gold explode. Take care! #HZupdates
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