smugtrader.bsky.social
It's true: Charts help to predict the future ~ “Untethered from Gold, the dollar floats on a sea of hope & guesswork”. Nothing here is financial advice 🇬🇧
👤 Joined on 05 November 2023
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@smugtrader.bsky.socialS&P 500 has traded above its upper Bollinger Band for the past 8 days 🚨 The last time it did that was in July 2024 and then $SPY promptly corrected by 10% 📉📉
Show PostReports Russia is increasing its forces in Armenia. But, is the real reason to a) deter an attack by Azerbaijan B) exercise more control or influence on Armenia C) support a pro-Russia coup in the country ?
Show PostThis is wildly inaccurate. The US had a trade surplus as recently as the early 70s. The shift from surplus to deficit occurs when Nixon takes the US off the gold standard and then floats the dollar. Ending Bretton Woods arguably created the trade deficit more than low tariffs.
Show PostYou probably know that #gold is breaking out to new highs (left chart). But here's something interesting: Gold is also breaking out to new highs in inflation-adjusted terms (right chart) #gold #inflation #EconSky
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