EscapeFromUtopia

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@sarcastic_hedgi @TheStalwart Digital Easter Island

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@EddieLovoQua We can, but that dataset lacks the granularity to say must about short term structure.

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I can't find another bull flag with this much structure in $oil's chart, no matter how far back I go, and this is a weekly view. While I think it will continue to go higher, if it stays at these levels the death cross will happen in August/September if it doesn't.

[EscapeFromUtopia @utopia_escape]

@Kitsune808 The powers that be want to control everything, which is of course, impossible. Still, they try. Money(gold), energy, and food are the big three.

Its worth noting that as soon as fracking improved the US energy picture, oil started falling as measured in gold.

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This green line is not the slope of the current market in TTF. It is the slope of the last bull run caused by the Ukraine War.

Interesting that the rate of allowable climb is almost exactly the the same as last time. Easy to see how it turned out.

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@dmac21bucs @PhilWhittlesee @CarolinaLion2 When I was living in my van in 2021/2022, the app was a life saver. Got a lot of imossibly cheap breakfasts that way. Its crazy how much prices have risen since then.

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@NWDisorder1111 @PhilWhittlesee @CarolinaLion2 True, that was why I specified only the cheese and condiments. The vegetables will go bad, and the meat and buns will be used up.

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@PhilWhittlesee @CarolinaLion2 I hear you. The price increases are bad enough, but I find the dishonesty about them galling. I can make only a handful of recipies for under 5 euro a night now (serving 2), and we can't have lentil soup all the time!

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@PhilWhittlesee @CarolinaLion2 All fair points, but when you make the same meal again next week, it'll only cost $8 a burger (already have the cheese/condiments.)

Not defending inflation. It's crazy. Here in Germany, 4 burgers cost less than that, to make, but not by a lot, but dining out costs way more.

[Robert (infra 🏛️⌛️) @infraa_]

Excuse me, what???

This chart was already so crazy, I didn't even notice it's the implied return on AI capex WITH ZERO COSTS

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@eugyppius1 Makes sense. CDU voters would go back to being CDU voters in coalition with the AfD, moving the party rightward, which was the whole point of their defection.

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@Phoenix_FFM @Johnie36149708 Sure, language is another form of friction, but America is slowly losing that cultural cohession that you point out is a real advantage. Look how many states rquire ballots to be printed in over a dozen languages. Whole sections of the country are ESL.

[EscapeFromUtopia @utopia_escape]

$Silver bounced off the 50DMA yesterday, and is now below the blue support line it's been respecting for a while. If that holds we will get out 200DMA retest. (Haven't touched it since last April).

This will take the daily RSI all the way to oversold.

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@Johnie36149708 @Phoenix_FFM As an American in Germany, i think what the US really has (besides better taxes) is mobility. You can move around to the best opportunities. Europe is much harder. The red tape has red tape, and the rental markets are locked up. Everything is on contract.

It's societal friction.

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@eugyppius1 Imagine if EU leaders cared about anything useful as much as their boondoggles. The energy issue is still worse than the leadership issue, but not by as much as I'd hope.

It's not like the American leaders are much better. Not a lot of representation in democracies these days.

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@jeremyparkeraim I'd buy that. Whatever number it finally stops at, its putting in a bottom.

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@ThHappyHawaiian I hear you. I'm only 5% copper right now. I (stupidly) sold some copper at the start of the Hormuz because i thought going deeper into energy was the move. I was clearly wrong. Some interesting copper charts out there though.

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@valconitivo Yeah, but that's mostly aluminum, with some copper because of the acid problems, right? I guess acid affects some uranium mines too.

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Well, my poor $silver miners are getting trashed, but at least rare earths/tungsten/tin are soaring today. Anyone know what the catalyst there is exactly? Whenever something moves 10% I feel like their has to be a reason (even if its not public.)

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@roger_smil78014 Guten Morgen!

The Daily RSI goes oversold at around $68, which is also the 200DMA, and my prefered bottom for a while.

If the price CRASHED, all the way to oversold on the monthly, that's about $58. I consider that unlikely, but also the lowest reasonable number.

[EscapeFromUtopia @utopia_escape]

I am not bearish $gold. That said, I have to point out that the current bear flag we're in points to $3800. Short term, that's unlikely, because Daily RSI bottoms out at $4300 (blue), but longer term, monthly RSI bottoms at $3500(black)

I think we bottom this month around $4200.