Bear Flag Pointing to Likely Move to 24'000 in the Dow.
N.B. : This report was uploaded earlier on Steemit as I had problems uploading it on D.Tube.
In this report, I cover the early market action on Friday, October, 19th, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and the oil price.
Today I first look closely at the technical picture for the Dow and where the stock market could be headed in the near futures. I point out that the charts have formed a bear flag formation and that the price objective will likely be around the 24'000 level.
I also look at the country of Sweden and where interest rates there are doing and where they could be headed. I note that the Riksbank, the Central Bank of Sweden, is shadowing the ECB's rate policy in order to keep their currency, the krona, from becoming too strong against the euro.
To conclude I briefly go over the geopolitical situation as it pertains to Saudi Arabia, the U.S., and the dollar.
Use promo code maneco64 to get 0.5% discount at https://www.goldinvestments.co.uk/
Support the channel:
maneco64 store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XgCTCWbz3yMYZKwNH9o8eaEFt45eA
▶️ DTube
▶️ IPFS
Do you think any of these Countries will ever admit they can never pay the debt of. Cheers mike
No, as the politicians do not care and are too stupid to realize countries do not need national debts to thrive.
What will happen is that eventually all this debt will be repudiated and that will mean the destruction of national or fiat currencies.
And probably lots of pain for a lot of people unfortunately, thanks for taking the time to reply cheers mike
One thing I forgot to mention was for some reason my usual gold and silver dealer has put its margin on 1 oz gold British Britannia’s up from about £50 to over £150 in the past few days, is this just greed or are they have problems getting hold off them ? Cheers mike
I would say he probably does not have any or not too many in stock and that is a way of rationing it. You should check out www.goldinvestments.co.uk
You can use my promo code maneco64 and get a half percent discount. Their premium for 1 oz krugerrand is about £28 or 3%. With the promo code you'd save about £4.7 on 1 ounce.
I’ll have a look cheers mike
A conversation that is very intellectual about the polemic of money politics and really loves your job very well against every currency movement. Thank you sir 🙏
There is a lot going on in the background for sure. Just waiting for recession to be announced then my crypto will go up and we can promote it haha 💯🐒