Chaos is being unleashed as this disaster is nothing wanting catastrophic for world markets.
August 26 (King World Information) – Holger Zschaepitz: OUCH! French 1 yr forward electrical energy worth exceeds €1,000 per megawatt hour for 1st time. The German equal additionally gained to a file, hitting as excessive €829 a megawatt hour, capping a 48% acquire this week.
ONE WEEK 48% “TRANSITORY” INFLATION:
German Ahead Electrical energy Costs (YELLOW LINE)
Hit All-Time Report €829!
And French Ahead Electrical energy Costs (WHITE LINE)
Additionally Hit All-Time Report €1,000!
German Shoppers Are Frightened
Holger Zschaepitz: Good Morning from Germany the place vitality fears push shopper confidence to file low. Pollster GfK’s forward-looking barometer fell to -36.5 factors for Sept, lowest stage since its data started in 1991, following Aug studying of -30.9 factors as customers face big vitality payments.
HUGE ENERGY BILLS ALREADY TAKING A TOLL
BUT IT WILL GET MUCH WORSE:
German Client Confidence Collapses
To All-Time Low Of -36.5!
Gold Seems Promising Regardless of Pullback
Graddhy out of Sweden: After making a brand new all-time excessive, Gold has gone sideways in a wide array for two years, whereas commodities index (CRB) went ballistic. The ratio is again at blue assist line, and is now backtesting purple channel after get away.
MASSIVE SUPPORT ZONE FOR GOLD:
Gold Lastly Prepared To Reassert Itself vs Commodities
US 30 Yr yields vs US 10 Yr yields additionally again at blue assist.
King World Information observe: The next charts had been despatched to King World Information from prime Citi analyst Tom Fitzpatrick and the implications for world markets is nothing wanting catastrophic.
Euro vs US Greenback Goal Now .82!
At present Buying and selling At 1.00!
German Inflation Hit 37.2% In July However Europe
Should Now Brace For Even Better Inflation
US Greenback Index Goal Now 120!
Transfer Would Be Catastrophic For
Rising Markets As Properly As Europe
British Pound vs US Greenback Goal Now 1.05!
At present Buying and selling At 1.18!
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