$54 and Up

What we have now in our CL chart is a break above a $54 key level and we indeed held $53.75 as well.   Will we hold these levels?

 

Now, it is a question of waves mounting on top of these key levels....and moving above our key break level, 56.27.   If that happens, we have now added inflationary pressures to face around the world, something that the Central Banks have wanted all along and hence their continuing CB lies about OTHER components of "Core Inflation."

 

We have to remember that Inflation is ONLY good as it is used as a reason NOT to normalize rates (back up to 6%) which WILL NOT and ABSOLUTELY CANNOT happen because the moment we see CB's increase rates means that we will be unable to pay our mounting Interest Rates on our Trillions of Debt owed to the World.

 

Yes, being a reserve currency kicks the  can down the road, and I am sure that EVERYONE WONDERS HOW we can continue to spend endlessly.   Interest rates at or near zero HELP but we are hopelessly floating too much debt and I wonder how this will end?

 DJ