The Periodical: 12th August 2022

Stock markets push higher, gold and silver climb from 80 day nominal lows and the dollar starts to establish it's latest trough. Oil continues bearish chop and crypto apes the equity markets

Chart Highlight: USDJPY

Whilst USDJPY has been in the grips of a almost linear uptrend from the 9 year nominal low, the 40 day component has maintained a fairly cogent signal. Here it is shown above from August 2021.

Round Up

For precious metals investors and speculators the last couple of weeks have been a sweet relief from the ongoing bearish slide, featured prominently in the gold and silver markets. Gold achieved a target of 1800 and, alongside silver, is likely beginning the process of peaking from the 40 day component. This peak may well also be a peak of 80 day magnitude, evidence will gather on the strength of the incoming move down.

Stock markets have risen strongly from troughs of at least 20 week magnitude in mid July and have possibly just made a very shallow 40 day nominal low. Commonality between US and EURO markets is compelling, with the EU markets somewhat more hesitant to move higher. The period late August into early September will be crucial in establishing longer com…