Short off the fake out. You see I top tick that big candle. How? There is a pause and shift to get people to buy. They see a sold off Nasdaq and want more liquidity. The blue candle (longs) is the fake out. Enter short and we dump immediately. Move stop loss into profit. W trade.
BREAKING: US oil prices surge back above $90/barrel as White House officials confirm that JD Vance has not departed for a second round of peace talks with Iran yet.
Gold is reshaping the global financial system:
Central bank gold holdings surpassed valuation-adjusted US Dollar reserve assets for the first time on record.
Adjusted USD reserves remove the interest earned on holdings like US Treasuries, showing only how much central banks are actively adding to their Dollar reserves.
Official gold reserve assets are up to a record $3.87 trillion, ~$140 billion above valuation-adjusted US Dollar reserve assets, at $3.73 trillion.
Since 2022, gold reserve assets have TRIPLED, driven by a record central bank accumulation and surging prices.
At the same time, USD reserve assets have declined -$300 billion.
The trend accelerated after the seizure of Russian assets in 2022, new sanctions, and growing geopolitical uncertainty.
World central banks are accumulating gold at an unprecedented pace.
Forward-looking data points to a further increase in US unemployment:
The gap between consumers saying jobs are "plentiful" versus "hard to find" is down to just 5.8 points in March, the lowest since the 2020 pandemic.
This comes as just 27.3% of consumers say jobs are “plentiful," down from ~55.0% in 2022.
At the same time, 21.5% say jobs are "hard to find," up from ~10.0% over the same period.
Historically, this measure has been one of the most reliable leading indicators of rising unemployment.
Furthermore, current levels in this indicator have only been seen prior to or during a US recession since the 1990s.
The job market is set for even more weakness.