As we come to the end of trading for the month of November, here is a look at silver preparing for liftoff, easy money, more inflation and Fed un-taper?
Silver
November 29 (King World News) – Graddhy out of Sweden: The purple inverse h&s was negated this Friday since it then went below the right shoulder. But what we have is probably an extended daily cycle, making an undercut low right at fib 61.8% retracement, while being oversold. In other words, good odds for low here.
Very Good Odds For A Low In The Silver Market
Fed Un-Taper?
Graddhy out of Sweden: …this is very important to understand. The last mini-taper decision is a test rocket, nothing more. CBs do not want to taper and they can not taper. And with last weeks market developments, do not be surprised to see Fed un-taper their test rocket…
ALERT:
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Prepare For Liftoff
Graddhy out of Sweden: The ratio chart broke out above blue line with silver´s huge move back in July 2020. And it has been backtesting since then.
And the SPX chart is up against that 11-year trend line again. Now put the two charts against each other.
THE COMMODITIES BULL MARKET
SILVER vs SPX
Silver Preparing To Skyrocket vs S&P 500!
Financial Conditions Index
Liz Ann Sonders, Chief Financial Strategist at Charles Schwab: Doesn’t appear that Omicron fears are yet translating into tightening of financial conditions … despite last week’s volatility, Goldman Sachs U.S. Financial Conditions Index remains tame for now.
Easy Money Still Rules The Day Despite Omicron Fears
1970-Style Inflation…Or Even Worse
Liz Ann Sonders, Chief Financial Strategist at Charles Schwab: Lower real rates needed for stronger capex? Rolling 5y correlation between inflation-adjusted 10y yield and core cap goods orders has been negative since early 2018 and is at lowest ever going back to 1970s
Most Negative Real Rates Since 1970s!
Inflation
Liz Ann Sonders, Chief Financial Strategist at Charles Schwab: Quite remarkable jump in goods spending … since low in April 2020, spending on goods is up 46%; from low during GFC to peak in January 2020, goods spending rose 48% … what took us 133 months to do pre-virus, has now only taken 18 months for nearly same rate.
Nothing To See Here Folks…
Just A Little Transitory Inflation!
***ALSO JUST RELEASED: Silver Bottoming Formation Suggests Strong Year-End Rally But Look At What Else Is Happening CLICK HERE.
***ALSO JUST RELEASED: Greyerz – The World Is About To Experience Another Major Dose Of Economic, Financial And Social Upheaval CLICK HERE.
***ALSO JUST RELEASED: E.B. Tucker – Gold Market Poised For A Big Turnaround That Will Springboard Price Much Higher CLICK HERE.
***ALSO JUST RELEASED: Why Has 675 Tonnes Of Gold Suddenly Disappeared? CLICK HERE.
***ALSO JUST RELEASED: ALERT: Physical Gold Is Disappearing CLICK HERE.
***ALSO JUST RELEASED: CAUTION: Wow, Look At What Just Collapsed! CLICK HERE.
***ALSO JUST RELEASED: Absolute Distortion Continues–From Gold Manipulation To DC’s Latest Lies CLICK HERE.
***To listen to E.B. Tucker discuss the available physical gold disappearing and why he expects a big turnaround in the gold market CLICK HERE OR ON THE IMAGE BELOW.
***To listen to Alasdair Macleod discuss the available physical gold disappearing CLICK HERE OR ON THE IMAGE BELOW.
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