Price tells all, but within price are clues to possible outcomes.
Such as breath/AD line in NYSE.
Momentum is 1st derivative of Price in ALL instruments.
Now my point here is….
Acceleration is 2nd derivative of Price.
Ok if you believe classical mathematics- then when acceleration happens it’ll happen first, then momentum, then price.
Gold’s been in a price & momentum uptrend without much acceleration increase. My belief is that this is the time for the 3rd derivative “Acceleration” to kick in!!!!!
For me the acceleration is based on the acceleration of the increase in US debt. The extension of the Trump tax cuts cannot be offset by cuts to the US government staffing and spending cuts in general. This path is unsustainable and leading to a point of singularity. The clear lack of structure and focus for the cuts implies the plan might be to force a pain point where a complete restructuring is brought forward rather than kicking the can down the road again.
Great work Callum!
Regency Bias- watch out for it.
Markets Rhyme. I like this turn of phrase.
Price tells all, but within price are clues to possible outcomes.
Such as breath/AD line in NYSE.
Momentum is 1st derivative of Price in ALL instruments.
Now my point here is….
Acceleration is 2nd derivative of Price.
Ok if you believe classical mathematics- then when acceleration happens it’ll happen first, then momentum, then price.
Gold’s been in a price & momentum uptrend without much acceleration increase. My belief is that this is the time for the 3rd derivative “Acceleration” to kick in!!!!!
Take it as you will.
PadreDavid
very nice post! :-)
I think you might be onto something there...
For me the acceleration is based on the acceleration of the increase in US debt. The extension of the Trump tax cuts cannot be offset by cuts to the US government staffing and spending cuts in general. This path is unsustainable and leading to a point of singularity. The clear lack of structure and focus for the cuts implies the plan might be to force a pain point where a complete restructuring is brought forward rather than kicking the can down the road again.
good point, yes I agree a big part of the bull case for gold is the tail risk hedge case