Chaos is being unleashed as this crisis is nothing short of catastrophic for global markets.
Black Swan!
August 26 (King World News) – Holger Zschaepitz: OUCH! French 1 year ahead electricity price exceeds €1,000 per megawatt hour for 1st time. The German equivalent also gained to a record, hitting as high €829 a megawatt hour, capping a 48% gain this week.
ONE WEEK 48% “TRANSITORY” INFLATION:
German Forward Electricity Prices (YELLOW LINE)
Hit All-Time Record €829!
And French Forward Electricity Prices (WHITE LINE)
Also Hit All-Time Record €1,000!
German Consumers Are Frightened
Holger Zschaepitz: Good Morning from Germany where energy fears push consumer confidence to record low. Pollster GfK’s forward-looking barometer fell to -36.5 points for Sept, lowest level since its records began in 1991, following Aug reading of -30.9 points as consumers face huge energy bills.
HUGE ENERGY BILLS ALREADY TAKING A TOLL
BUT IT WILL GET MUCH WORSE:
German Consumer Confidence Collapses
To All-Time Low Of -36.5!
Gold Looks Promising Despite Pullback
Graddhy out of Sweden: After making a new all-time high, Gold has gone sideways in a big range for 2 years, while commodities index (CRB) went ballistic. The ratio is back at blue support line, and is now backtesting purple channel after break out.
MASSIVE SUPPORT ZONE FOR GOLD:
Gold Finally Ready To Reassert Itself vs Commodities
US 30 Year yields vs US 10 Year yields also back at blue support.
Looks promising.
Chaos Catalyst
King World News note: The following charts were sent to King World News from top Citi analyst Tom Fitzpatrick and the implications for global markets is nothing short of catastrophic.
Euro vs US Dollar Target Now .82!
Currently Trading At 1.00!
German Inflation Hit 37.2% In July But Europe
Must Now Brace For Even Greater Inflation
US Dollar Index Target Now 120!
Move Would Be Catastrophic For
Emerging Markets As Well As Europe
British Pound vs US Dollar Target Now 1.05!
Currently Trading At 1.18!
ALSO JUST RELEASED: BLACK SWAN: Energy “Doom Loop” In Europe To Trigger 2008-Style Lehman Collapse CLICK HERE.
ALSO JUST RELEASED: Banks Worried About “Monster” $700 Trillion Derivatives Market As Credit Tightens CLICK HERE.
ALSO JUST RELEASED: BUCKLE UP: First Global Sovereign Debt “Death Spiral” In 100 Years Will Unleash Even More Chaos CLICK HERE.
ALSO JUST RELEASED: Celente – Here Is A Top Trend For 2022 CLICK HERE.
ALSO JUST RELEASED: Massive Layoffs Are Coming, Plus A Surprising Look At Housing And Travel CLICK HERE.
ALSO JUST RELEASED: STUNNING CHARTS: Stock Market Rally Over And Gold Will Benefit As Inflation Continues To Rampage CLICK HERE.
ALSO JUST RELEASED: THIS CAN’T BE GOOD: Retail Traders Buying Market Decline While Pros Are Selling CLICK HERE.
ALSO JUST RELEASED: An Apocalyptic Scenario Is Now Unfolding For The West CLICK HERE.
ALSO JUST RELEASED: BUCKLE UP: More Pain Ahead Is Setting The Stage For A Fed Pivot That Will Rock Global Markets CLICK HERE.
© 2022 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
