Too, February's National Association of Home Builders Index posted its best monthly gain since the depths of COVID in 2020. January's Retail Sales increase of +3.0% was the largest since that for January a year ago (+4.9%) - and ex-the "Coming out of COVID" during 2020-2021 - the third largest month-over-month gain since that for October a-way back in 2001 even as the DotComBomb was running its course. But be it bullish "demand-pull" inflation or bearish "supply-push" inflation, the Econ Baro treats both positively as the consumer stays engaged in economic activity. To be sure, January's inflation increased markedly at both the Retail and Wholesale levels: the CPI's headline pace went from +0.1% to +0.5% and that for the PPI from -0.2% to +0.7%. Now to the aforementioned Economic Barometer: and has it ever whirled 'round to the upside! Of the past week's barrage of 18 incoming metrics, only a wee three were worse month-over-month (February's Philly Fed Index, plus January's Housing Starts and Capacity Utilization). Hopefully this latest foray shall also be of short-duration, especially should the support zone hold and other 3 D fears ( Debasement, Debt, Derivatives) unfold. However, a move from 1863 - 153 = 1710 seems irrational." Thus we look for the freshly entered 1851-1798 support zone to hold for Gold:Ĭan weekly Parabolic Short trends themselves be short-lived? Absolutely! Of the 46 prior Short trends century-to-date, 10 have lasted just five or less weeks. And drawing upon that from our prior two pieces: ".for the past 10 parabolic Short trends, the average decline from the flip price is -153 points. First to Gold vis-à-vis that smooth valuation line and then to the weekly barsĪnd as we below see, Gold has swiftly come off its rightmost peak (in the upper panel), careening down through the smooth valuation line such that per the oscillator (price less value in the lower panel) price is now some -59 points "low".Īnd second in turning to Gold's weekly bars, as noted the parabolic Long trend of 14 weeks has now flipped to Short, heralded by the rightmost red dot. And as much as we've pushed for the 1800s to be supportive, thus far during this fall, Gold has sliced through them as a hot knife through butter. Thus a "test" of those 1800s may be nigh." The yellow metal having settled that week ending 20 January at 1928, price has since dumped as much as -100 points toward closing yesterday (Friday) at 1851. For four missives back we penned ".Gold is 105 points above the line. Louis FedPrez James "Bullish" Bullard and Cleveland FedPrez Loretta "Get Back" Mester have said they (hat-tip Dow Jones Newswires) ".would have supported raising interest rates by a half percentage point at the central bank’s meeting earlier this month given the strength of economic demand and inflation." More later upon bringing up (literally) our Economic Barometer.Īs for Gold's foreseen falling saga (and more so from its recent stall) as you regular readers know such writing has been on the wall. Now two weeks hence we read that both St. was the Federal Open Market Committee premature in reducing its Bank's Funds Rate increase from +50bp to +25bp ?". Recall as follows from just two missives ago: ". We'll get to that, but we're really compelled to begin with this: Gallery Click here to view the image gallery for Red Revert.Yes, Gold's key weekly parabolic trend as anticipated has flipped to Short, but with underlying support for a safe haven port. The Red Revert acts similar to the Miraculous Ladybug superpower, with the only difference is that when used to reverse the damage, it shoots a circular wave that expands at fast speeds reversing the damage more quicker.The Red Miraculous user throws up their fist to shoot a blast of Red energy from the top and utilize it to cause a circular wave of Red Aura to speed and reverse the damage by expanding the circle across Paris, usually reversing any type of damage and erasing the memory of the akumatized villain having no memory of what happened to them during their fight with the Red Miraculous owner. Once the akumatized villain has been defeated, the Red Miraculous holder must first de-evilize them by capturing their akuma, using their Red Aura magic to reverse them into a butterfly, then they can throw up their fist sending a energy wave upwards fixing and reversing the damage, including erasing the akumatized villain's memory.
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