Damn it's going to be a good day. Why do you ask? Well I think my time frame may have been sped up by a few months with this move across many assets at the present time. The KEY here is GOLD. (Follow me I will get there)
Image from: https://goo.gl/images/RNTCDW
I have written how I was VERY BULLISH equities right now (and still am) and I will tell you the reason we are down is likely do to the FED reducing the damn balance sheet today. The Fed has reduced the balance sheet every single month this year in the last two weeks of the month, and guess what?
They started again today. Only thing is it is just causing us to backtest the breakout. You BTFD here. Gold guys and gals keep reading! I'll get there... :)
So we have stocks down here, but this move is not over...we need to make a strong push back to the highs which will likely happen in the first half of June once this QT is over. Now this is where it gets tricky...We have Rates breaking through 3.0% and the talking heads are talking about higher rates and higher dollar. Both of those are true presently.
BUT I TOLD YOU FOLKS. This had to happen here. ( https://steemit.com/blockchain/@heyimsnuffles/crypto-and-metals-i-am-itching ) Scroll to the bottom. 7 days ago I told you I was starting to get the itch but I needed some confirmation.
I MAY HAVE JUST GOT IT. I was looking for a breakdown. Some sort of panic. everyone who bought gold 2 years ago is now underwater. Trendlines are breaking, the trade war is gone, NK and Trump are creating Peace...gold is puking. I am not a fortune teller but what I did beleive was that Metals and specifically gold which had been testing 1360 however many times on war and nuclear news had to wash those folks out.
Now we see the breakdown happening in real time. This is going to be a MASSIVE FAILED BREAKDOWN HERE FOLKS. The chart above is going to turn into the chart below.
With Gold puking, we just need one more thing to happen. We need silver to get his ass going. Silver and Miners are going to lead this next metals bull market, not gold. Gold has been bullshitting for a while now "leading" and now has rightfully caused everyone to puke up the NK and Trade war talk here. Silver is looking to breakdown like this...
Shake EVERYONE Out....and then do this...
The gold move today may have sped up my time frame for all assets including Equities, Rates, Dollar, Metals, Crypto...Everything.
I was fully expecting Bitcoin and Crypto to be in complete accumulation phase in 2018 and in a bear market, which it is. I forsee bitcoin going lower here with gold before the Metals and Crypto blow away the returns that stocks would give you for the next few years...
Strap on the seat belts folks.
