Sentiment Sunday:
- Eyes are on gold this week, gold bugs are buzzing about a possible explosive breakout.
- Rising material costs signaling consumer inflation, yet Fed's monetary inflation model has not indicated inflation yet.
- Mixed sentiment, as Fed is likely to maintain dovish monetary policies.
- Energy, Industrials, and Industrial/Capital Goods-related materials showing strength, supporting a 'Reflation' macro quadrant situation.
- Poor employment data signaling a possible move toward stagflation. I speculate that the economic data from now will begin to reflect the effects of the pandemic.
- Lumber, copper, cryptocurrencies seeing massive gains, speculators expecting the precious metals to finally trail.
- Elon Musk stated that DOGE was a 'hustle' in his anticipated Saturday Night Live hosting, causing a correction in the cryptocurrency market. Investors are likely exiting and preparing to move into lagging inflationary assets.
- Trend is still not defined, but the bullish case for gold is rather strong.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
- Eyes are on gold this week, gold bugs are buzzing about a possible explosive breakout.
- Rising material costs signaling consumer inflation, yet Fed's monetary inflation model has not indicated inflation yet.
- Mixed sentiment, as Fed is likely to maintain dovish monetary policies.
- Energy, Industrials, and Industrial/Capital Goods-related materials showing strength, supporting a 'Reflation' macro quadrant situation.
- Poor employment data signaling a possible move toward stagflation. I speculate that the economic data from now will begin to reflect the effects of the pandemic.
- Lumber, copper, cryptocurrencies seeing massive gains, speculators expecting the precious metals to finally trail.
- Elon Musk stated that DOGE was a 'hustle' in his anticipated Saturday Night Live hosting, causing a correction in the cryptocurrency market. Investors are likely exiting and preparing to move into lagging inflationary assets.
- Trend is still not defined, but the bullish case for gold is rather strong.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Trade active:
gold taking the upper path
Trade closed: target reached:
Gold may have finished its bullish impulse at this point. The rising wedge is corrective in nature on a larger timeframe downtrend.