Still room left / 70s and 2000s bullJust compare the %-Distance during the last 2 bull-runs.
We have some upside left.
Inflation
The time will comeIt might become a 20$-Stock like Chapman said..
but until then.. you have to preserve your capital..
---STD-TEXT:
Stan Weinstein's method of trading stocks focuses on identifying a stock's position within its four-stage cycle: accumulation, uptrend, distribution, and downtrend. His strategy emphasizes buying stocks in the uptrend stage, where they break out of consolidation with high volume and continue above the 30-week moving average, signaling a strong upward momentum. Weinstein advises selling once the stock enters the downtrend stage, as it drops below the 30-week moving average, thus minimizing losses and preserving gains.
German 10 year bund (yield chart) giant HS patternGerman 10 year bund keeps scaling.
Price action is reflected on the charts. On the long term, seems like the german 10 year bund is building a huge Head and Shoulders pattern. That would be consistent with rates going down in the eurozone.
But… if the German bund should spike over 2.50%, that would probably mean that euro rate cuts will be on hold for longer than expected.
IMO, it’s all about geopolitics, as it’s also related to oil/natural gas supply from the east, commercial war with the USA, China and India, etc. all of them are inflationary and would also be pushing government spending to the upside on military and defense systems, detracting investment capacity from the private sectors…
All to be seen in coming weeks… any insights you would like to share about the topic, please let me know!
XAUUSD (GOLD) Reaching 3000$ this yearDear Traders,
Here's how gold could potentially reach $3000 (or rather, $3,000) by year-end if more rate cuts occur:
Lower Rates Mean Lower Yield on Alternatives: When central banks cut interest rates, bond yields often decrease, making non-yielding assets like gold more appealing as a store of value. Investors may shift toward gold, driving up demand and prices.
Weaker Dollar Effect: Rate cuts can lead to a weaker U.S. dollar. Since gold is priced in dollars, a weaker dollar often makes it cheaper for international investors, increasing demand and potentially boosting its price.
Economic Uncertainty and Inflation Hedge: With lower rates, there's a risk of rising inflation, as cheaper borrowing often fuels spending. Gold is seen as a traditional hedge against inflation, so as inflation expectations rise, investors may buy more gold to preserve their wealth.
Safe-Haven Demand: Rate cuts sometimes signal an economic slowdown or recession risks. In uncertain economic times, investors turn to safe-haven assets like gold, potentially pushing prices higher.
If the Fed moves toward significant rate cuts, each of these factors could align, creating strong demand for gold and possibly driving it closer to $3,000.
Greetings,
Zila
Silver long term view Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020.
Since then we've seen consolidation in the range between 20 - 30.
Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.
A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.
All the best.
Cheers,
Sky
Tokyo Core CPI complicates BoJ’s rate plansThe Japanese yen is showing limited movement on Friday. In the European session, USD/JPY is trading at 151.94, up 0.09%.
Tokyo Core CPI, a leading indicator of inflation trends in Japan, fell to 1.8% y/y in October, down from 2% in September and just above the market estimate of 1.7%. This marked a second straight deceleration and was the lowest level since April. A key service inflation indicator also slowed in October, dropping from 2.7% to 2.6%, a four-month low.
The decline in inflation is a disappointment for the Bank of Japan, which wants to see inflation remain sustainable around its 2% target before its raises interest rates on the path towards normalization. The BoJ meets next week and is expected to maintain rates. The central bank will release growth and inflation forecasts which could provide insights into future monetary policy. The cautious BoJ is unlikely to raise rates until early next unless inflation reverses its current downtrend and pushes higher.
The US wraps up the week with core durable goods orders and UoM consumer sentiment. The manufacturing sector has contracted for four straight months and core durable goods orders are expected to fall 1% in September, after no change in August. The UoM consumer sentiment index is expected to fall to 68.9 in October, compared to 70.1 a month earlier. Consumers are unhappy about high inflation and there is uncertainty over the US election, with an extremely tight race between Donald Trump and Kamala Harris.
USD/JPY is testing resistance at 1.5207. The next resistance line is 152.58
151.30 and 150.79 are providing support
Gold is surging while Crude Oil is laggingHere is a ratio chart of Gold OANDA:XAUUSD and Crude Oil $USOIL.
Historically you can see it goes to extremes. Especially in 2020 when crude oil went to zero (and negative). I cut that spike out of the chart so hopefully it shows here.
When the Global Financial Crisis in 2008-2009 hit, crude oil hit $140 and gold was low which set up the bottom of this chart on the lower-left. Crude was expensive and gold was cheap.
The opposite happened during Covid when crude plunged and gold stayed relatively calm.
These are generational trades that can make traders rich but they take too long for the average small investor to stay focused and take advantage of these setups.
With Gold now at the upper end of the range of this ratio, it is time to start looking elsewhere to protect your wealth.
Can this ratio continue higher? Yes, of course.
I point it out as a starting point for your trading. If you are just getting long gold up here now, you need to understand where the historical range is for this ratio and decide if you want energy to keep you warm and let you travel or do you want a store of money. It is always a trade-off between the two. You can't live with only one of these commodities.
Cheers.
Tim
12:33PM EST, October 22, 2024
EUR/USD lower, ECB’s Kazimir confident in ‘disinflation path’The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day.
The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011. The rate cut was the third time the ECB has lowered rates this year, as it has been aggressive in its rate-cutting cycling, totaling 75 basis points.
The rate statement from last week’s meeting noted that the “disinflationary process is well on track” and that the inflation outlook had improved due to “recent downside surprises” in economic activity. The September inflation report, released just before the rate announcement on Thursday, indicated that inflation dropped to 1.7% y/y, down from 1.8% in August. This was a milestone as it was the first time inflation has dropped below the ECB’s target of 2% since July 2021.
The optimistic stance was reiterated by ECB Governing Council member Peter Kazimir, who said on Monday that he expects inflation to drop to the 2% target in 2025. Kazimir said he was “increasingly confident that the disinflation path is on a solid footing” which would allow the ECB to continue cutting interest rates.
The ECB remains somewhat cautious, particularly over wage growth and services inflation which have been stubbornly high and are upside risks to the inflation outlook. Still, after three rate cuts this year it’s clear that the direction of the rate path is down and the markets expect the ECB to continue trimming rates right through to March 2025.
EUR/USD has pushed below support at 1.0854 and is testing support at 1.0837. Below, there is support at 1.0808
1.0884 and 1.0900 are the next resistance lines
Cycles and Sentiment may no Longer Matter - SilverWatch video for more detail on the trajectory for silver's next move
EDIT: in the video I said "convert unleveraged to leveraged"
I mean to say take profit on leveraged positions and convert to unleveraged accordingly depending on how quickly we approach 35-40
$JPIRYY -Japan's CPI (September/2024)ECONOMICS:JPIRYY 2.5%
(September/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan fell to 2.5% in September 2024 from 3.0% in the prior month, marking the lowest reading since April.
Electricity prices increased the least in three months as the impact of energy subsidy removal in May waned (15.2% vs. 26.2% in August), and the cost of gas rose much more slowly (7.7% vs. 11.1%).
Moreover, costs moderated for food (3.4% vs. 3.6%), furniture & household utensils (4.8% vs. 5.2%), transport (0.1% vs. 0.2%), and culture (4.3% vs. 4.8%).
Additionally, prices fell further for communication (-2.6% vs. -2.4%) and education (-1.0% vs. -1.0%).
On the other hand, inflation remained unchanged for housing (0.7%) and healthcare (1.5%), while edging higher for clothes (2.4% vs. 2.3%) and miscellaneous (0.9% vs. 0.8%).
Meanwhile, the core inflation rate hit a five-month low of 2.4%, down from August's 2.8%, compared with the consensus of 2.3%.
On a monthly basis, the CPI declined by 0.3%, pointing to the first drop since February 2023.
EUR/USD dips after ECB lower ratesThe euro can’t find its footing and has tumbled 2.7% in October. EUR/USD has stabilized on Friday and is trading at 1.0835 in the European session, up 0.05%. On Thursday, the euro dropped as low as 1.0810, its lowest level since August 2.
The European Central Bank didn’t surprise anybody with a quarter-point rate cut on Thursday, the first back-to-back rate cuts since December 2011. The markets had fully priced in the move and the euro responded with slight losses. ECB President Lagarde has discarded forward guidance and stressed that rate decisions will be on a meeting-by-meeting basis, but the markets smelled a rate cut, with low inflation and weak economic growth.
The rate statement was optimistic, noting that the “disinflationary process is well on track” and that the inflation outlook had improved due to “recent downside surprises” in economic activity.
The ECB has cut rates three times this year and is expected to remain aggressive. The markets expect are forecasting rate cuts of 25 basis points at each of the next three meetings.
The eurozone inflation release, made just before rate announcement on Thursday, showed inflation falling to 1.7% y/y, down from the initial estimate of 1.8% and below the 2.2% gain in August. The decline in inflation was helped by a sharp drop in energy prices. Services inflation remains high but eased to 3.1% y/y, down from 2.9% in August. The inflation report reached a milestone, dropping below the ECB’s target of 2% for the first time since July 2021.
EUR/USD is testing resistance at 1.0835. Above, there is resistance at 1.0866
1.0803 and 1.0776 are the next support levels
$GBIRYY -U.K CPI (September/2024)ECONOMICS:GBIRYY 1.7%
source: Office for National Statistics
-Annual inflation rate in the UK fell to 1.7% in September 2024, the lowest since April 2021, compared to 2.2% in each of the previous two months and forecasts of 1.9%.
The largest downward contribution came from transport (-2.2% vs 1.3%), namely air fares and motor fuels.
Fares usually reduce in price between August and September, but this year this was the fifth largest fall since monthly data began in 2001.
Also, the average price of petrol fell to 136.8 pence per litre compared to 153.6 pence per litre in September 2023.
In addition, prices continued to fall for housing and utilities (-1.7% vs -1.6%) and furniture and household equipment (-1% vs -1.3%) and cost rose less for recreation and culture (3.8% vs 4%) and restaurants and hotels (4.1% vs 4.3%).
Meanwhile, services inflation slowed to 4.9%, the lowest since May 2022, from 5.6% in August. On the other hand, the largest offsetting upward contribution came from food and non-alcoholic beverages (1.9% vs 1.3%).
GBP/USD drops below 1.30 on soft inflation reportThe British pound has finally showed some movement on Wednesday after a week of limited movement. In the European session, GBP/USD is trading at 1.2992, down 0.62% on the day. The pound fell below the symbolic 1.30 level for the first time since August 20.
The UK inflation report for September was projected to hit a milestone and fall below the BoE’s 2% target, but the reading exceeded expectations. CPI fell to 1.7% y/y, down from 2.2% in August and below the market estimate of 1.9%. This was the lowest level since April 2021 and was driven by lower prices for petrol and airfares.
Services inflation, which has been stubbornly high, dropped from 5.6% y/y to 4.9%, its lowest level since May 2022. Monthly, CPI was flat, below 0.3% in August and below the market estimate of 0.1%. Core CPI also decelerated in September and was lower than expected (3.2% y/y and 0.1% m/m). As well, wage growth slowed to 4.9% in the three months to August, down from 5.1% previously.
The Bank of England will be encouraged by the drop in inflation and in wages. The UK economy is groaning under the weight of a cash rate of 5% and the markets are looking at a rate cut in November as a done deal, while a December cut is a strong possibility. Many major central banks have shifted their primary focus from inflation risks to the labor market, and we could see the same with the BoE, now that inflation is back below the BoE’s target.
GBP/USD has pushed below support at 1.3071, 1.3039 and 1.3004. The next support level is 1.2972
1.3106 and 1.3138 are the next resistance lines
GBP/USD - will inflation data shake up the pound?The British pound has been showing limited movement for over a week. In Tuesday’s North American session, GBP/USD is trading at 1.3086, up 0.13% on the day.
The Bank of England has largely won the battle against inflation, which has fallen from double digits at its peak to just 2.2% in August and July. Inflation is expected to dip to 1.9% in September thanks to lower petrol prices, reflective of the decline in crude oil prices. This would be a milestone as inflation has been above the BoE’s target since April 2021.
Monthly, inflation is forecast to ease to 0.2%, down from 0.3% in August. Core inflation, which excludes energy and food and is a better indicator of long-term inflation trends, is also expected to decline, from 3.6% to 3.4% y/y and 0.4% to 0.3% m/m.
The BoE has cut rates only once this year and if inflation falls below 2% as expected, the calls for the central bank to cut rates will get louder. Inflation is falling, the economy is barely growing and the cash rate remains very high at 5%. The current trend has been to cut rates - the European Central Bank has lowered rates several times and even the Federal Reserve cut in September by 50 basis points.
If the BoE doesn’t cut before the end of the year, it risks becoming an outlier among the major central banks. Governor Bailey has made conflicting comments about whether the BoE needs to get moving and cut rates. It will be interesting to hear the Governor’s reaction to the latest inflation numbers.
GBP/USD is testing resistance at 1.3076. Above, there is resistance at 1.3129
1.3016 and 1.2963 are the next support levels
$CNIRYY -China's CPI (September/2024)ECONOMICS:CNIRYY
Inflation Data (September/2024)
source: National Bureau of Statistics of China
-China’s annual inflation rate stood at 0.4% in September 2024,
below market forecasts and August’s figure of 0.6%.
This was the 8th month of consumer inflation but was the lowest print since June,
highlighting the need for more policy support from Beijing to address growing deflation risks.
Non-food prices declined by 0.2%, following a 0.2% rise in August as the cost of transport shrank further (-4.1% vs -2.7%) due to lower crude oil prices.
Also, housing prices edged down (-0.1% vs flat reading) amid government efforts to further regulate the property market. Meanwhile, cost slowed for health (1.2% vs 1.3%) and education (0.6% vs 1.3%).
On the food side, prices rose for the second month, with the rate of increase the fastest in 20 months (3.3% vs 2.8%).
Core consumer prices, excluding food and energy costs, increased 0.1% yoy, the smallest rise since February 2021, after a 0.3% gain in August. Monthly, the CPI was unchanged, compared with consensus and August’s print of a 0.4% rise.
New HBO Documentary Hints at Identity of Bitcoin InventorMarket Update - October 11th 2024
Takeaways
HBO documentary seeks to unveil Satoshi Nakamoto’s identity : HBO released a documentary, “Money Electric: The Bitcoin Mystery,” on Tuesday that suggests an early Bitcoin developer named Peter Todd invented the cryptocurrency.
Crypto.com has filed a lawsuit against the SEC after receiving a Wells notice, claiming the agency has overextended its authority : The lawsuit challenges the SEC's stance that most cryptocurrencies are securities and the agency's regulatory practices.
Bitcoin's price pulled back this week : The US Department of Labor announced that inflation rose 2.4% year-over-year in September, slightly above analyst expectations. Crypto reacted negatively to the news, with bitcoin dropping back below $60,000.
US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals : BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund.
The head of Hong Kong’s Securities and Futures Commission (SFC) says the body plans to approve more crypto exchanges before the end of 2024 : The news comes after the regulator received criticism for implementing a strict approach to licensing.
New HBO Documentary Suggests Peter Todd is Bitcoin’s Founder
An HBO documentary, “Money Electric: The Bitcoin Mystery,” released Tuesday hints that early Bitcoin developer Peter Todd is the cryptocurrency’s founder and man behind the pseudonym Satoshi Nakamoto. In a clip late in the documentary, Todd denied he is the founder of Bitcoin and continued to deny it in a subsequent interview with Coindesk and other media outlets.
The film provided minimal concrete evidence that Todd created Bitcoin, but focused instead on his technical skills, his love of cryptography, and his relationship with Adam Back, the Blockstream CEO and investor of Hashcash. "Money Electric" director Cullen Hoback also pointed to a 2010 forum post from Satoshi Nakamoto in which Todd responded, arguing that Todd had forgotten to switch his accounts and his post was a continuation of Satoshi’s original post.
"This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it," Todd said in the documentary clip while standing alongside Back. "I suspect a lot of them will be very happy if you go this route because it's yet another example of journalists really missing the point in a way that's very funny."
This is not the first time Hoback has made a documentary film about trying to uncover the identity of a secretive figure. For his 2021 HBO documentary “Q: Into the Storm,” Hoback spent three years attempting to find the creator of Qanon.
Crypto.com Sues SEC After Receiving Wells Notice
Crypto.com has officially sued the SEC after the company received a Wells notice from the regulatory agency, which typically precedes enforcement actions. The platform said the SEC's continued regulatory enforcement against crypto companies forced them into taking legal action.
According to Crypto.com, the SEC is unjustly expanding its jurisdiction over digital assets by labeling most cryptocurrencies as securities. The lawsuit is part of a broader industry pushback against the SEC's regulatory approach, which many crypto companies claim is outdated and unsuitable for digital assets.
The platform is far from the first to take such legal action; Coinbase and Consensys have also previously sued the SEC, similarly challenging the agency’s stance on categorizing cryptocurrencies as securities. The SEC has reiterated the need for crypto exchanges to register with the agency, while firms argue that current regulations are impractical for the digital asset sector.
🌉 Topic of the Week: What is Bridging?
➡️ Read more here
Dollar rally slows after jobless claims; EURUSD ready to rise?EUR/USD has just touched a key support zone on the daily chart between 1.0900 and 1.0950, an area that previously acted as resistance in March and July 2024 but now appears to be turning into support.
Yesterday’s candle formed a long lower shadow, signaling a possible rejection of selling pressure and a hint of buying strength. Additionally, the 1.0950 level aligns with the 61.8% bullish Fibonacci retracement on the daily chart, further reinforcing the potential for support.
A little further down, the 200-day Simple Moving Average (SMA) appears to be strengthening the whole area and increasing the possibility of it working as a support level.
Several factors are currently converging around the 1.0950 mark:
1. EUR/USD is in a former resistance area, which now appears to be functioning as support on the daily chart.
2. The 61.8% Fibonacci bullish level is present at 1.0950.
3. The 200-day SMA adds strength to the support zone.
4. A daily candle with a long lower shadow suggests initial buying strength.
Higher-than-expected US inflation data leads to short-term strength in USD, fades after jobless claims
From a macroeconomic perspective, the release of CPI data in the US, which came in higher than expected, initially boosted the US dollar at the start of the trading session. However, optimism about the dollar faded by the end of the day, causing the price to retrace and leave a long shadow on the daily candle.
This shift was driven by higher-than-expected Initial Jobless Claims (258,000 actual vs. 231,000 forecast), reminding investors that the Federal Reserve is balancing two objectives: controlling inflation while protecting the labour market. As a result, despite higher inflation, the Fed may remain lenient to support job growth in the short term.
Based on these factors, if EURUSD manages to break above the 1.0960 level, it may rise to 1.1010 and 1.1090 over the next few days.
Alternatively, if EURUSD breaks below 1.0890, it could fall to 1.0775, where a significant support area is likely to be found.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Energy vs Tech : Analyzing Sector Performance and Market TrendsIntroduction:
The comparison between the energy sector (XLE) and the technology sector (XLK) provides valuable insights into current market trends. As the largest sector in the S&P 500, XLK often serves as a barometer for broader market strength. Conversely, when XLE outperforms XLK, it may signal caution, as XLE's smaller size limits its impact on the overall index.
Analysis:
Sector Comparison: XLK's performance is crucial in indicating market health. When XLK outperforms, it generally suggests a robust market outlook. On the other hand, if XLE starts to outperform XLK, this may indicate potential weakness in broader market conditions.
Inflationary Pressures: This ratio between XLE and XLK also reflects inflationary trends. A strong performance from XLE relative to XLK may signal rising inflationary pressures, which investors should closely monitor.
Charting the Pattern: The energy sector has formed an inverted saucer pattern. A breakout from this pattern could signify a positive upward trend and possibly a return to inflation.
Trade Setup:
Entry Point: Monitor the XLE/XLK ratio for a potential breakout confirmation.
Stop Loss: Consider setting a stop loss below the recent support level identified on the chart.
Target Price: Set a target based on the measured move from the breakout point of the inverted saucer pattern.
Conclusion:
The comparative performance of XLE and XLK offers essential insights into market dynamics and inflationary pressures. Traders should keep an eye on the potential breakout from the inverted saucer pattern in XLE, as it may indicate a shift in market trends. What are your thoughts on this analysis? Share your insights in the comments!
Charts: (Include relevant charts showing the XLE/XLK ratio and the inverted saucer pattern)
#Energy #Technology #MarketTrends #Inflation #XLE #XLK
Platinum LONG TERM analysisLong term TA on PL1!
1) Shorter term expectations/price target
2) Relationship to gold and silver
3)Longer term patterns and eventual price targets on a yearly timeframe.
Sorry if this was longwinded. Will begin to post weekly updates so consider this a comprehensive analysis to precede, shorter, brief, weekly analyses.
Feedback is recommended, please enjoy - I hope somebody can get something from this and I can learn as well with feedback.
Future videos will include actual trades with entries and near term targets. Feel free to let me know how helpful/unhelpful this might have been.
GTTA
Euro lower as US inflation dips slightlyThe euro is lower on Thursday. In the North American session, EUR/USD is trading at 1.0908, down 0.28%.
The German economy has been struggling but there was positive news as German retail sales rose 1.6% in August and 1.5% in July, after declines of 1.1% in June and 1.4% in May. The four monthly releases were all published today due to a technical problem in June.
US inflation for September was within expectations and the market reaction has been muted. Headline CPI continued its downswing and rose 2.4% y/y, down from 2.5% in August but above the market estimate of 2.3%. The decline in inflation was driven by a decrease in energy prices, particularly gasoline. On a monthly basis, CPI rose 0.2% in September, unchanged from August but above the market estimate of 0.1%.
Core CPI remains a bit high and came in at 3.3% y/y, above the August reading of 3.2% and the market estimate of 3.2%. Still, the Fed has demonstrated that it is willing to slash rates by 50 basis points despite inflation running above the 2% target. Today’s inflation data hasn’t changed market expectations for the November meeting, which remain at around 85% for a cut of 25 basis points.
The Fed minutes reflected optimism about the US economy, a signal that more rate cuts are in the pipeline. There was only one dissenting vote against the 50-bps cut in September, but the minutes indicated that some dovish members voted with the majority although they would have preferred a modest 25 bps cut. Jerome Powell may not have the same support for another jumbo cut if the labor market remains solid. That could mean cuts of 25 bps at the November and December meetings.
EUR/USD has pushed below support at 1.0920 and is testing support at 1.0901. Below, there is support at 1.0865
1.0956 and 1.0975 are the next resistance lines
$USSIRY -U.S CPI (September/2024)ECONOMICS:USIRYY
US Inflation Rate Slows Less Than Expected
source: U.S. Bureau of Labor Statistics
-The annual inflation rate in the US slowed to 2.4% in September,
the lowest since February 2021 but surpassing market expectations of 2.3%.
Compared to the previous month, the CPI increased by 0.2%, the same as in August.
Meanwhile, annual core inflation unexpectedly rose to 3.3%, while the monthly gauge remined at 0.3%.
Nasdaq Awaits Inflation Data; Bullish or Bearish Breakout ExpectNasdaq Technical Analysis
Today’s inflation report is anticipated to drive significant market movements, particularly following unanimous agreement among Fed members to cut rates by 50 basis points.
A CPI release exceeding 2.3% is expected to support a bearish trend towards 20100. Conversely, a CPI below 2.3% would likely drive a bullish trend, targeting 20450.
Technically: as long as trades under 20280 will try to touch 20100 and then should stabilize below that to continue the bearish trend,
Otherwise, stability above 20340 will reach 20450
Key Levels:
Pivot Point: 20280
Resistance Levels: 20440, 20710, 20920
Support Levels: 20100, 19990, 19860
Trend:
- Bearish below 20280
- Bullish above 20320
Long Term Prediction on Inflation Rates - 2031history may not repeat itself, but it rhymes... or so they say. But in this case, so far we have an EXACT repeat, starting in 2015. The chart uses the exactly same angles and duration from the inflation we had in the 1970s. I put this together around 6 months ago and so far... it continues to track.
You be the judge of what's going to happen. Of course, time will tell and we'll see how it all plays out.
