Stocks And Precious Metals Charts - The Relentless Enemy Of Understanding -

Stocks And Precious Metals Charts – The Relentless Enemy Of Understanding

Dec 11, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashThe Consumer Price Index (CPI), a common measure of inflation, came in as forecast this morning.And so stocks rallied, morphing into what was clearly a relentless short squeeze, particularly in the heart of bubbledom.The Dollar rose another 25 cents or so, managing to firmly plant its flag in 106 territory.A lot of this is due to the utterly inept governance in Europe, more so than any kind of US government competence.VIX dropped back down to recent lows, marking the complacency of the exceptional.I sense another episode of overreach coming for the self-proclaimed elite of the world. And with that, the inevitable blowback.But let’s see what happens.Russia has warned its citizens about traveling to the US, and most of its European client states.I am glad to see Biden and his crew going.This has been a decent year of trading for me, and I certainly paid the bills, but nothing worthy of high fives and spotlights. It’s been a bit of a grind.It’s been a long time since the punting public has taken ‘the big hit.’They may be in for a refresher course in the painful downsides of conmen and careless risk. I have reached the point where I can no longer bear to watch the financial television channels, even the ones who have nominally been professional and informative in the past.Rough seas ahead, mateys.I am looking for some 20 percent declines in prices, centered on the high-profile bubble assets. We’ll probably see it next year, with a taste of it by March.But let’s see what happens. We might be in for a pleasant surprise.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – CPI Coming Out TomorrowStocks And Precious Metals Charts – Stocks Slumped Today Stocks And Precious Metals Charts – New All Time Highs