Tuesday 1 June 2021

Gold Gann Angle Update

Gold, debt, inflation, USD and interest rates are in the same bowel,  if interest rates are suppressed then it is dollar down and gold up.
image1

Chart 1 - Gold has been running up the Gann 1:4 blue angle. Notice how corrections are bouncing of this Gann angle (red arrows). 

GOLD





Chart 2 - Inflation narrative grows within CEO and CFOs within SP500 companies. Inflation higher than interest rates is known as negative real yield and USD bearish and gold bullish.


CPI




Chart 3 - The FED is the larger player in the UST market, this folks is Yield Curve Management (or control). Very USD bearish. 


UST




Chart 4 - The US dollar cycle is running to a new low, a possible 'plunge spike' or 'selling climax' lower is on the table. DXY to $85 is -10% down. The RTTDPO (indicator 2) line a 2x the cycle period or 2 x 918 = 1836.


USD



Original Post: https://ift.tt/2RbFjFU

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