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Bank & Fin. Shares (charts)

Updated March 13, 2020 - Both the Federal Reserve and ECB clearly signal we shall see lower interest rates....and that they will print more money later in 2019.

bankBanks are dying. And this not only has big implications for your savings but also for your business and investment potential… because there are tremendous opportunities for anyone who focuses their capital and talents ahead of these big-picture trends.

The banking world is DOOMED! There are many people out there who are working on payment systems and delivery systems that could turn the banking world on its head much like UBER have done to taxis, Expedia has done to travel and AIRBNB/BOOKING.com have done to hotels.

Banking in its current form is not capitalism. It is a fraud and crony capitalism kept afloat by ever-more desperate government interventions. It should be dismantled. Under a system of 100 percent reserves, loan banks (100 percent equity-financed investment trusts) would be like any other business and would not need any more regulation than that of the makers of potato chips.

By creating a BAD BANK, DEUTSCHE BANK is preparing for the worst & HSBC sits in DEEP SHIT.

Contrary to what happened in the 1930s', This time JPMORGAN may not survive the coming financial collapse. 

Negative Interest Rates will destroy Banks, Insurance co's and Pension Funds.


Bank Index
Bullish objective na
Resistance 3800
Support 3500 - 3200
Bearish Objective 1800
Technical pattern Dramatic Bearish trend

BANK pf1

Short term candle  Chart comments
BANK candle1
  • Jan 16, 2016: BREAKOUT STALLED and BEARISH it is...
  • Jan 17, 2017: expect a (minor or flat) correction
  • Dec 23 - Feb 26, 2018: a BREAKOUT or a Canary in the Mine for HIGHER INTEREST RATES.
  • Oct 22 - Nov 16: Index fallen out of a BEARISH Triangle = STOP LOSS!
  • Dec 11: Dangerous once 3500 levels is broken. CAUTION! [libor also spells danger]
  • Jan 15 - Jan 28, 2019: 3500 level broken and almost end of Backtest...
  • Feb 20: Bear Trap!? means the end of higher interest rates
  • March 26: BULL TRAP, TOP, and bearish Trend Reversal...
  • April 22 - July 1: lower we shall go.
  • Sep 10: Dead cross of the moving averages confirm the bearish trend.
  • Oct - Nov 27: mind the dangerous pattern in formation & OVERBOUGHT
  • Dec 24 - Jan 10, 2020: dangerously OVERBOUGHT! - REPOs SPELL BIG DANGER!
  • March 13: Support is 2,200 - A real carnage it is!
Long term candle
BANK candle2 small

European & Swiss banks are in a VERY, VERY BAD shape - Canadian Banks are trouble in Paradise: the deflation of the Canadian Real Estate bubble will affect the Canadian Banks. - yields as of Feb 2019

Goldman Sachs (GS) USA -1.75% yield
Morgan Stanley (MS) USA- 2.42% yield
Citigroup (C) - USA- 2.51% yield
Bank of America (BAC) - 1.89% yield
Truist Fin. corp (TFC) - USA- 3.19%
Wells Fargo (WFC) - 4.11% yield
GS pf1 MS pf1 C pf1 BAC pf1 sti pf1 WFC pf1
Sell
Sell Sell Sell
Suntrust Merger with BB&T - Sell
Sell
CIBC (CM.TO) - Canada - 5.16% yield
AIG - insurance - 2.64% yield
Scotia (BNS) - Canada - 4.77% yield
CVS Health (CVS) 2.80% yield
BITCOIN  PayPal
CMto pf1 AIG BNS pf1 CVS pf1 GBTC pf1 PYPL candle2
Sell     Bear Trap = Buy  Bear Trend Bull Trend
 
 
Law & negative interest rates are a death sentence for banks, pension funds and insurance Co's.
Deutsche Bank
1.12% yield
HSBC
6.72% yield
Credit Suisse
1.91% yield
UBS
5.24% yield
Barclays
3.94% yield
ING
6.58% yield
Sell
 SELL!!! Sell Sell Stop = Sell
Stop = Sell
           
ABN-AMRO
7.25% yield
 Commerzbank  BNP-PARIBAS Credit Agricole
5.33% yield
Société Générale
7.02% yield
AXA
5.45% yield
CRZBY pf1  BNPQY pf1 
Bear trend     links with Spirito Santo Sell- Derivatives insurance

Banks expressed in Real Money or Gold:

BANKS 2020 01 10
The Bank index in Gold (click to enlarge)

Our Opinion:

  • There is NO WAY authorities will risk the bankruptcy of any bank. They will bail them out ALL and this will continue until Hyperinflation hits.

  • In Europe the same process is happening...but there are less banks and it's done in a more subtle way. Spain is a good example.

  • LONG TERM trend doesn't look good. Why take the risk to invest in Financials???? There are far better and SAFER investment instruments.

  • There is NO WAY you can trust the financials as they are real masters in cheating on the investor.

  • The credit markets are medicated by direct involvement of the Central Banks and the balance sheet of the FED looks like a levered junk bond fund.

  • Just look at Greek banks and how fast problems can unfold and the impact it has on a countries' debt situation.

  • Cyprus shows the way...of what we expect: MASSIVE BAIL-INS.

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