it feels like a capital rotation has just begun... which will of course lead to massive inflation, crushing the economies, higher taxes (tarrifs are just the begining of a rotation into a different way of pillaging the masses) the only commodity of significance yet to join the party is oil.. but that will eventually have to break no matter how much its manipulated.. oil production will run dry if its too cheap and nobody will drill baby drill if the discoveries are uneconomical. My suspciion is there will be massive stimulus after the US has rolled over their debt at lower interst rates to reverse course out of the current engineered recession.. that will be the trigger for oil to rocket.
SXP/Gold ratio.. that has clearly broken down from its horisontal support having already broken out of its uptrend and backtested.. the cross channel is now gone.
BCN Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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