Good News in Light Crude Oil!
Imagine my surprise.
Actually finding some good news on the inflation front.
Here’s a cash chart with what I’m writing about.
Here’s what I see using our ‘Excalibur’ and ‘Stairway’ approach to analyzing charts; a definite down-shifting in price rise momentum is taking place in the Crude Oil market.
I’ll post another chart view of this from the futures perspective next.
As you might know I’m a real believer in establishing only ‘cash equivalent’ type positions in the futures markets – (see the FAQ at the top of the page for more on this), but, it’s important to look at this or any market from several viewpoints’
My interpretation?
Big money is shifting gears, liquidating inventories and taking their profits from the recent run-up and going elsewhere with their cash.
You can’t have a shift in such a economically fundamental part of the money system without it affecting our secret inflation uptrend.
I refer to it as secret as the government denies inflation exists. Does it?
Didn’t the US government just cancel the ‘cost of living’ raises to the social security crowd because there wasn’t inflation? Confused?
Just go by the charts and indicators and not the commentary you read or hear out there.
You can judge whether a price line is going up or down.
Black isn’t White! No matter how many times someone tells you it is.
You can trust what you discern for yourself using Common Sense.
Well, here’s a chart showing many critical consumer prices combined into a index chart formerly known as the CRB Index or Inflation Index.
Sure looks like a steeply increasing inflation trend to me!
Well, all politics aside, the Good News here is that this inflation indicator index has now weakened enough to be resting on our ‘Excalibur’ money tiger line.
That means, in my opinion and that of the method, that Inflation is shifting gears and slowing down at last.
It’s slowing down at a rate greater than anytime in the last 9 months shown on the chart.
That is indeed very good news, especially if the green line is crossed going downward in trend.
With Crude Oil mentioned above as changing trend, there will be a slow-down in inflation expected as well.
Happy New Year! Here’s a good start to the year anyways. More later. - George
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Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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