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UPDATE May 12

CPI (Consumer Price Index) was bad considering we were told inflation had topped (this is a lie, to prevent panic - they CAN NOT control inflation the only thing they can do is destroy the economy *demand destruction, no demand no inflation... if you want an example of why they cant control inflation - the FED chair Volker raised rates over 20%! to control inflation in the 80s, does anyone see the current socialist FED doing this?) PPI (Producer Price Index - the cost increases to produce products) is bad also, PPI leads to high CPI this shows no top... Eventually the FED will cry mercy for the market and totally reverse course (THATS WHEN YOU BUY TECH), this will lead to the eventual market crash. Because of this the govt and FED will use your money to bailout their friends, treasury secretary Yellen already said they are preparing to bailout wall street https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.audible.com/pd/Yellen-Vows-Next-Bailout-to-come-As-Quickly-As-Possible-Podcast/B09ZPWC7WT&ved=2ahUKEwijprSv8dn3AhW2JUQIHfpDChgQFnoECAUQAQ&usg=AOvVaw05y87evgH6nuVwzyh0PjOy
The FED (and every other country) are playing a fiat policy game they CAN NOT WIN. The only way to win is to devalue your currency (happening) or hike rates past 20% - this is why I love commodities. No matter how far you devalue the currency you need more of it to buy commodities, a perfect example is gasoline, every time the dollar gets devalued gas goes up.
Ok I'm off my soap box, onto the charts.
first uranium, the commodity I dont monitor everyday because it's the future, it's like buying apple in the early stage.
$Energy Fuels(UUUU.US)$ $Denison Mines(DNN.US)$ $Uranium Energy(UEC.US)$  Broke support a while ago, I wish I would've seen this I probably would have sold only to buy back here. Not a bottom yet but we must be close because we are almost at my average.
UPDATE May 12
Look at these prices I could buy all 3 for under 10 bucks!!!!! That's 6 shares of each for every 1 of my SQQQ - when I sell my SQQQ I am going to raid all the cheap commodities.
$Intrepid Potash(IPI.US)$ getting close, let's see us hold this trendline, then we will get some buy signals.
UPDATE May 12
$Micro Silver Futures(SEP4)(SILmain.US)$ $Sprott Physical Silver Trust(PSLV.US)$ $iShares Silver Trust(SLV.US)$  Big spike yesterday, I sold my options I had just bought.
I STILL FULLY BELIEVE IN SILVER
I just had an opportunity to sell that pop. Silver broke trendline with a wick, this is generally a market fake out - getting algos to sell stop losses.
UPDATE May 12
OK I generally don't like sharing options because I can't tell you when to buy or sell, and options will kill your account quickly, but this I feel good about sharing.
UPDATE May 12
So damn cheap leaps!!!
UPDATE May 12
sorry running late too busy
VIX looks to go up NQ shows down
Good Luck all
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  • J Tan88 : Fantastic analysis, FED should learn from Paul Volker

    Mr. Volcker's Fed rolled out policies that pushed a key short-term interest rate to nearly 20 percent and sent unemployment soaring to nearly 11 percent in 1981