Gold’s Rally May Have Run its Course (for now!)

Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets following a wild week of inflation data with the #CPI and #PPI hitting the markets in both directions. Jim explains “Supercore” inflation, and how that is altering Jerome Powell’s decisions at the FOMC.
Jim also discusses the Fed Funds rate vs the S&P and the SPX and NYSE high/low indicator.
Jim gives his Elliott View and technical updates on the US Dollar, TLT, 10yr yields, S&P and the Gold rally!
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[@andrewtay2001]

Thank you sir

[@JimWelshMacro-Market-Trends]

You're welcome andrew

[@jflats357]

Great analysis!

[@JimWelshMacro-Market-Trends]

Thanks!

[@DreamsOfBullRuns]

Thanks guy!

[@JimWelshMacro-Market-Trends]

You're welcome

[@alphabravo786]

thanks Jim, As ever great analysis. as mentioned last week, i am still bullish DXY to 110 and then we will see. secondly, i am seeing same reverse behavior when market bottom in oct 2022 Vs April 2023 topping behavior

[@JimWelshMacro-Market-Trends]

Thanks. We'll see if it can push above 107.34. Would certainly increase the odds - 109.97 is 61.8 of decline off Oct 2022 high C = A @108.39 of larger A-B-C from 99.57

[@alanlevy9059]

whats dxy?

[@alanlevy9059]

Gold,S&P, T-bonds...............everything played out like you said, can you now also tell me what my wife is thinking? I need assistance there too

[@JimWelshMacro-Market-Trends]

HA! I only know the proper response . Yes dear.