Our Market is struggling to Breach 9000 (ASX 200 XJO). It appears to have formed a classic head and Shoulders pattern which traditionally leads to a down from here.
Institutional Insurance - the measure of insurance downforce in the market has dropped from 60% on the weekend to 0% starting this morning.
A little bit of good news will send our market back to support at 8750 (XJO).
Institutions turning bullish!
RBA Tuesday
Jump in the value of $AUD last week is indicative of an interest rate rise today.
RBA will once again claim inflation as the reason for the interest rate rise - but our current inflationary trend is directly based on oil prices currently.
Seems bizarre to me.
US as the aggressor with Venuzuela and Iran hits Chinese oil supplies.
China is the biggest customer for oil from both countries. It bought more than 80% of all Iran's exported oil.
Perhaps part of a bigger US strategy - if so - it doesn't end quickly.
Oil Down 10% to $59
Gold Up 20% in a Month to new high $4000
Markets down more than 2% on weekend
Indicative of a 5% + correction.
Some say well overdue.
After a good short day yesterday with Brisbane and Sydney closed, we can look forward to a bounce back today with an international up force with Tech stocks on an AI rise and resources climbing led by GOLD at a new high as it approached $4000 USD
#GOLD
Stock Market is not stocks - its People buying stocks.
Hence the Stock market is people.
The Australian ASX 200 went to a new high on Friday on football hype and a long weekend in NSW & QLD.
Melbourne is open today and having lost the NRL on the weekend - Its a DOWN day today.
Gold heads towards US $4000 with impending USm interest rate cut.
Gold safe haven in demand BUT:
$USD value will drop with Interest rate cut which automatically increases Gold price in $USD pr Oz.
RBA Today
$AUD up last Thursday so on that basis there is NO interest rate cut today.
An interest rate cut would normally DE-Value the $AUD against major currencies.
So short from 12.00pm today on the index is the profitable trade
#FortKnox Audit
This could cause a significant devaluation in the $USD which will greatly assist current Trump current tariff plans.
Secondly Gold would increase in value on a short fall with the double bonus that it is Gold oz in $USD that would deliver a BIG up across $3000.
RBA Tuesday
#AUD jumped last week - indicative of a change in interest rate.
I am expecting 25 Basis pts (0.25%).
The jump is counter-intuitive though with an up jump where technically it should be down. However, I have seen that before where its a small change.
#Gold heading towards $3,000 USD with a strengthening $USD.
Then we have "Lucky Guys" showing up in a little WA Gold explorer - with a previous history of doubling their money!
US Fed Reserve tonight.
CPI Figures today - makes for a passive down market.
However, some "Lucky Guys" accumulating in Paragon Care at $0.50 - we know they aren't buying to lose money.
Happy Chinese New Year - New Moon - Year of the Snake.
Domino's Pizza - Tasty?
Looks like our corporate "lucky Guys" are getting ready for Pizza!!!
DMP - normally has a good spike into its late February Div as well.
Good CFD trade as well.
I'm thinking $34 for a Pizza π
Whats Happening with Bannerman Energy (BMN)
No announcements but significant institutional activity with a history of success!
Huge volume spike yesterday for a single purchaser.
Trading at $2.80 with resistance at $3.50 - I think I will get some.
China Invasion of Tiawan
Trepidation Points:
1) Christmas is an ideal for Chinese military action.
2) Biden administration is likely to be indecisive.
3) More than Chinese 90 naval vessels have amassed in SCS.
Watch:
Downturn in Japan 225
Upturn in Gold