How far do you think we're away from the DOW making its epic plunge? I got into TA quite recently, like 5-6 months now and I started looking at the stock market.
Gold looks like its ready to burst
Silver looks bullish aswell
S&P500 and the DOW look as if they want to crash badly.
How far along the super cycle are we in the DOW? Any TA analist that wants to give his thoughts on that?
owyea on top of that, the last 2 bull runs took about 7-8 years, we're now 8 years into another Bullrun (cycle)
Unironically if ww3 or any major conflict occurs in the near future the Dow won't crash because the government will pump it, pretty sure that's what they're doing now to avoid a catastrophe before the bombs start to drop
Yeah I was thinking about PPT aswell, but gold might make the difference here.
Right now there are two spot prices for gold and silver, London and Shanghai, the latter pays significantly more on the metals. Silver about +9% and gold about +0.8%
Silver will get arbitraged into the east, depleting silver supply in the west, same can happen for gold. And if the western price of gold does rise it would pop the dollar bubble.
it's been crashing the same rate as 2008 since march and it will continue until there's some quantitative easing
the declining dollar inflates the prices because it not worth as much, money drops make this worse.
on the plus everyone gets to be a billionaire
on the minus the money will be toilet paper
>TA
I hope you understand that this is not taken seriously by anyone. It's a running joke in in the financial services industry.
why do you think we droppin' bombs on syria.. market is pumping ever since. its the american way
October
>Gold looks like its ready to burst
True
>Silver looks bullish aswell
Also true
>S&P500 and the DOW look as if they want to crash badly.
Thats where youre wrong kiddo
There is merit to technical analysis. No you cannot accurately predict markets from TA alone and drawing lines on a graph and trading off them alone will leave you burned more often then not, but that does not mean TA itself it completely useless.
A cardiologist would not diagnosis a patient without first consulting an EKG.
Gtfo Peter Schiff!
It depends how long the market manipulation can last. As soon as people start demanding physical gold and silver and Comex or any other precious metals markets can't deliver because it's all tied up in paper contracts You could easily see Gold and silver do the greatest moonshot you've ever seen.
There may be trillions of derivatives ready to go off. But we won't become Venezuela. Once normies catch on to how badly the banks have been screwing them there will be the blood of every banker in the streets.
If your not into Crypto Expect to lose everything. I can't predict the future but I can guarantee you it'll be violent.
gold is going to break out real soon
this is simply not true.
When TA works (if it works) it is simply because of the self fulfulling prophecy.
"I see a pattern" > "Pattern says it will go up"! *Buys* > *Goes up* . If there are a bunch of ppl who agree that a pattern means it'll go up, then it goes up.
It's that freaking simple. No its not consulting an EKG LMAO. It's literally looking at tealeaves.
tldr it is really a running joke in the FS industry.
>there will be the blood of every banker in the streets.
>joke
but a profitable one indeed
just because you haven't figured something out, doesn't mean no one has, kek
no dude, just because YOU Havent figured something out, doesn't mean I havent. Once you understand that the financial system is just one big liquidity ponzi propped up by CB buying and yield curve setting, its really, really quite easy to make nominal dollars in finance, and you dont even have to draw lines on pages or anything!.
I've got a question for you though, and if you're the philosophical type, maybe you'll learn something from it.
How do you know when your TA has worked, versus when it is randomly lucky. Can you tell the difference between luck, and TA working?
If you cant, then there is no falsifiability premise in your argument. You logically assume TA works, then conclude that it therefore must work.
TA is so subjective. How much of the graph do you include? Well if i look at the last 3 weeks its a rising bull flag..... but if i look at the last 5 weeks its a head and shoulders! Oh shit which one is it? Jokes on you.
Except you dont even believe in TA because no one can be this retarded to think they can sustainable make money by drawing lines on graphs.
Why do you think (((They))) They are pushing for gun control. America will not fall like Venzuela or the UK or the cucked european union.
The great awakening is happening. Once people realize how fucked in the ass without lube the banks have screwed them. The american people are gonna be pissed. You'll finally see people hate again. I mean white hot hate.
(((They)) Where not expecting trump to win.
>gold is going to break out real soon
...said the increasingly nervous boomer for the 487th time this decade
Doesn't know the gold markets are highly manipulated.
Evertime gold and silver attempt a breakout more paper contracts are created.
How long before people start demanding the real thing.
hasnt happened yet.
But central banks are demanding the real thing -- every year you hear about the chinese, indians, russian, or germans taking back their gold from London.
I am compelled to agree that they cant manipulate gold downward w naked shorting forever, but beats me as to when this will take place?
In the meantime --- Bitcoin.
fundamentals don't look that great either