Good fundamentals described here:
Chart 1 - Second cycle up swing in play, say half way.
Chart 2 - Support and Resistance described by parallel channels.
Original Post: https://ift.tt/QIafAz5
Saturday 30 September 2023
Uranium Commodity Review
Uranium is taking off, or just doing another major cycle.
Good fundamentals described here:
Chart 1 - Second cycle up swing in play, say half way.
Chart 2 - Support and Resistance described by parallel channels.
Original Post: https://ift.tt/QIafAz5
Good fundamentals described here:
Chart 1 - Second cycle up swing in play, say half way.
Chart 2 - Support and Resistance described by parallel channels.
Original Post: https://ift.tt/QIafAz5
Tuesday 19 September 2023
US GDP recovery
US GDP is bouncing back, so says the NY FED GDPNow forecast.
Currently the US has theses stats [2023 Q2]:
- US debt to GDP is 120%
- US deficit to GDP is +8%
- US federal interest expense up 100%
A recession is negative GDP.
The GFC 2008/09 recession was -3% of GDP. Today the deficit is 8% of GDP, currently there is 5% more spending then the GFC crisis. So maybe this is why the GDPNow forecast is forecasting a 3.9% forecast 2023 Q3, on the back of government spending.
Chart 1 - NY Fed GDP now forecast for 2023 Q3
Chart 2 - If these good forecasts for US GDP continue then we will see a recovery in the US ISM PMI Manufacturing index.
Chart 3 - Silver is likely to recover on the back of recovering US GDP and US ISM PMI.
Original Post: https://ift.tt/XoUy38t
Currently the US has theses stats [2023 Q2]:
- US debt to GDP is 120%
- US deficit to GDP is +8%
- US federal interest expense up 100%
A recession is negative GDP.
The GFC 2008/09 recession was -3% of GDP. Today the deficit is 8% of GDP, currently there is 5% more spending then the GFC crisis. So maybe this is why the GDPNow forecast is forecasting a 3.9% forecast 2023 Q3, on the back of government spending.
Chart 1 - NY Fed GDP now forecast for 2023 Q3
Chart 2 - If these good forecasts for US GDP continue then we will see a recovery in the US ISM PMI Manufacturing index.
Chart 3 - Silver is likely to recover on the back of recovering US GDP and US ISM PMI.
Original Post: https://ift.tt/XoUy38t
Saturday 2 September 2023
Japanese Yen Cycle Review
A regular cycle low has formed on the very important carry trade yen.
Chart 1 - Regular cycle YEN low. As we know the Japanese investors are large investors in US debt, so lets review the US 10 yr cycle.
Chart 2 - In line with a cycle high in the US 10 year interest rate.
Chart 3 - A pullback in the US 10 year, is likely, so says the copper gold ratio, which will see a rebound in the YEN off the cycle lows.
Chart 4 - Channel support lines are strong for the yen.
Chart 5 - Sync with a shortage in US dollar funding. Going into US election year, more dollars will be printed you can assume, suggesting US dollar weakness and relief for the yen.
Original Post: https://ift.tt/f3V8EMH
Chart 1 - Regular cycle YEN low. As we know the Japanese investors are large investors in US debt, so lets review the US 10 yr cycle.
Chart 2 - In line with a cycle high in the US 10 year interest rate.
Chart 3 - A pullback in the US 10 year, is likely, so says the copper gold ratio, which will see a rebound in the YEN off the cycle lows.
Chart 4 - Channel support lines are strong for the yen.
Chart 5 - Sync with a shortage in US dollar funding. Going into US election year, more dollars will be printed you can assume, suggesting US dollar weakness and relief for the yen.
Original Post: https://ift.tt/f3V8EMH
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