1929 - 2020 Analog Update.

I am a buyer of gold and especially silver at any price! I thought i would have to wait many more years before the fed went all in with {Unlimited QE} {ZIRP infinity} {Pandemic Purchase Programs} {Buying Corporate Bonds} {$6 trillion Dollar Bailouts}. This current world situation just forced the inevitable to the forefront. Thank god that the gold and silver community has a complete playbook for this exact economic scenario!

ABX.TO {Big Picture} Monthly Chart Gold Stock. Looking out even further it's even more bullish than the{weekly}chart i posted below. This kind of setup is what i have been waiting years for. You have a massive {Cup} setup and a {Wave 3} setup. Both trigger long at $29.84.

ABX Gold Stock. Weekly Chart. This is my preferred {Elliott Wave} count. {Wave 1} was a 5 Wave impulsive move from Sept 2018 to Feb 2020 at $29.83. The {Wave 2} bottom was at $17.52. Big bullish {Wave 3} setting up. 

U.S rates on 1 month treasuries just went negative. What a time to be alive!

Japans manufacturing PMI numbers for March were released earlier this evening. An absolute total collapse. This is coming to every country affected by Covid-19. This is deadly serious economically. This is way worse than 2000 or 2008. Its not even close

Please do yourself a favor and read this amazing piece from "NorthmanTrader" twitter. Talks about the parallels between 1929 and 2020.

Gold refineries starting to shut down. As the Fed does $1.5 trillion dollar {Helicopter Money Drops} & buying corporate bonds in {Pandemic Purchase Programs} the supply of real money is shrinking. If they start shutting down gold and silver mines look for explosive moves in the physical Gold and Silver market.

NFLX Beautiful {C&H} setting up in this online video streaming company. If you are not comfortable with gold and silver and you do not like to short stocks you can patiently stalk this textbook setup. $394 triggers long. Initial stop would be placed at $370.

ZM One of the best looking charts in the entire financial markets. Beautiful breakout of the {Cup} setup. The setup is the same one that is unfolding in the gold market. Save this as a analog chart to use going forward as we stalk the huge {Cup} setup in gold.

Great chart and statement from "Northstar" twitter. "I know there are many who think my 'golden arc' pattern is pointless and meaningless, but it's done it again - a perfect hit and then rapid rise." You have to ask yourself what it would take for gold to blast through this gigantic CUP setup. The answer is everything the Fed is doing {Helicopter Money Drops} and {Pandemic Purchase Programs} {Buying Corporate Bonds}. Plus all the fiscal stimulus that is on deck. All my years of studying the gold and silver market and researching monetary history has prepared me for this exact economic situation.

Margin calls all over Wall Street. This happened faster than 2007. Many more investors & traders got caught with their pants down this time. The only way you could of sold near the top last month was to have a T.A methodology like most of us on here, follow analog charts comparing todays market to that of markets from 1929, 1987, 2000, 2008. & more specifically if you use Elliott Wave analysis for price action and social psychology. 

Fed is in full panic mode. They are absolutely going "Full Tilt"

Amazing commentary and chart from Doug Noland of the "Credit Bubble Bulletin" fame.

Another great chart from "Tavi Costa" Twitter showing the Corporate Bond Market is blowing up. This has the possibility of starting a negative feedback loop economic style. First the corporate bond market collapses then the downgrades begin and then the company's who have their bonds downgraded have their publicly traded shares collapse.

Wall Street falling all over each other trying to downgrade their Q2 GDP numbers.

DJIA {Monthly} Chart ~ The uptrend line from the start of the bull market in 2009 has now been pierced to the downside. Even though the DJIA is down -24% this month alone, full bear break conformation would only come with a monthly close below the green uptrend line.

Gold - SPY500 Ratio Chart. {Monthly Chart} This chart is telling me that the bull market in gold relative to the broad U.S stock market is actually only 3 months old. We are still in the 1st inning of a 9 inning game. Gold just broke out of the parabolic downtrend channel in 2020.

The investment grade corporate bond market has absolutely imploded inside out. This is going to have tragic ramifications for the U.S economic system.

Great commentary from David Rosenberg. Notice the 2008-2020 analog chart. I can't wait for the books to come out that do a complete financial forensic examination of how this all imploded so fast. Huge reality check for 99% of North American society. Who is the 1% left? Most of us on here with Matt and Steve.