IMPORTANT : DAX high broken : Inflation before deflation!


The DAX has just made a new high.

This is the confirmation needed that the 2007 high is one wave lower but of the same scale – i.e NOT yearly 5, but as a maximum yearly 3!

Following reformating and updating gold last weekI did a quick look at SPX

A long term big picture frim 11 bottom

As a consequence looks like we are going to get inflation before deflation!!

I will update the charts ASAP.

Marc

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