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Bank & Fin. Shares (charts)

March 23 - 2024: From now on (because of inflation), we shall see higher interest rates only!? - maybe temporarily not!!!


  

bankBanks are dying. This has significant implications for your savings, 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! Many people are working on payment and delivery systems that could turn the banking world on its head, much like UBER did to taxis, Expedia to travel, and AIRBNB/BOOKING.com 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. They would not need any more regulation than that of the makers of potato chips.
Central Banks are planning to take over the National & Comercial Banks.  That is the very reason the Authorities allow the existence of Cryptos. Once Central Banks have their own Crypto, they will own all National Banks...and their depositors and creditors.

  

Bank Index
Bullish objective na   Banks have landed in a similar but MORE DANGEROUS situation as in the 1970s
.
Resistance 5200
 
Support 3800  
Bearish Objective 2200  
Technical pattern BOTTOM!
 
   

Short term candle  Chart comments: TECHNICALLY SPEAKING THIS IS A STILL BULL TREND, FUNDAMENTALLY A BANKRUPT SECTOR!

  • Jan 16, 2016: BREAKOUT STALLED and BEARISH it is...
  • Jan 17, 2017: Expect a (minor or flat) correction
  • Dec 23 - Feb 26, 2018: A Canary in the Mine for Higher Interest Rates.
  • Jan 15 - 28, 2019: The 3500 level is broken, and the backtest is almost over.
  • Dec 24 - Jan 10, 2020: Repos SPELL BIG DANGER!
  • June 13 - Nov 23: The financial sector sits in BIG SHIT!
  • Dec 21: A BEAR trend it remains + Overbought sector = SELL!
  • Jan 18, 2021: Beware of a FALSE HOPE of HIGHER interest rates!
  • May 25 - June 25: DANGEROUS TOP?
  • Oct 21 - Jan. 6, 2022: CRAZY...CRAZY
  • Jan. 20 - Feb. 20: Breakdown and SELL.
  • Mar. 5: Danger...Bank shares are a bloodbath.
  • June 21 - Dec. 8. - Jan. 20 - Mar. 8, 2023: a bear trend.
  • Mar. 10: STOP LOSS as another US bank fails.
  • Apr. 6: still a STRONG SELL.
  • May 6-July 7: We told you so!
  • Aug. 14: Bouncing into 'Resistance' - expect LOWER!
  • Sep. 11 - Nov. 17: Expect lower once the "Backtest" has matured.
  • Dec. 21: maybe not...
  • Jan. 20 - Feb. 18, 2024: Short-term is OVERSOLD. Long Term is OVERBOUGHT.
  • Mar. 24:  The fact is that most Bank Shares are breaking out = bullish!
Long term candle
BANK candle2 small

European, Swiss & Canadian banks are in a VERY, VERY BAD shape - Canadian Banks are in trouble in Paradise: the Canadian Real Estate bubble deflation will affect the Canadian Banks.
Note: Share prices of Canadian Banks are MANIPULATED by the Big 5 Financial groups to their present levels!!

Green colored charts = Bull trends, Red = bear trends, White = sideward & we don't know yet! Yields as of Aug 2023

Goldman Sachs (GS) - USA
Morgan Stanley (MS) - USA
Citigroup (C) - USA
Bank of America (BAC)
Truist Fin. Corp (TFC) - USA
Wells Fargo (WFC)
GS pf1 MS pf1 C pf1 BAC pf1 sti pf1 WFC pf1
3.42% yield
3.73% yield 5.08% yield 3.17% yield
6.98% yield
3.05% yield
CIBC (CM.TO) - Can
AIG - Insurance
Scotia (BNS) - Can
BITCOIN  PayPal
CMto pf1 AIG BNS pf1 Canadian Bank shares are dangerously 100% rigged! GBTC pf1 PYPL candle2
6.39% yield  2.41% yield 6.62% yield   Standard Climax Top & SELL
 

Law & negative interest rates are death sentences for banks, pension funds, and insurance companies.
Alice in Wonderland and BANKRUPT BANKS keep paying dividends?!

Deutsche Bank is Bankrupt!
HSBC = Bankrupt!
Credit Suisse  Bankrupt!
UBS = Bankrupt!
Barclays = Bankrupt!
ING = Bankrupt!
Is now UBS.
3.10% yield 1.35% yield 1.10% yield 5.12% yield
5.96% yield
           
 ABN-AMRO Bankrupt!
 Commerzbank Bankrupt!
 BNP-PARIBAS Bankrupt!
Credit Agricole Bankrupt!
Société Générale Bankrupt!
AXA
CRZBY pf1 BNPQY pf1
Bankrupt! 2.11% yield
6.73% yield
9.46% yield 7.55% yield 6.29% yield

Banks expressed in Real Money or Gold:


The Bank index in Gold (click to enlarge)

Our Opinion:

  • There is NO WAY authorities will risk bankruptcy for any bank. They will  PRINT MORE FIAT MONEY and bail them ALL out until Hyperinflation hits.
  • The exact process is happening in Europe, but there are fewer banks, and it's done more subtly. Spain is a good example.
  • THE LONG TERM trend doesn't look good. Why take the risk of investing in Financials???? There are far better SAFER investment instruments.
  • There is NO WAY you can trust the financials as they are absolute masters in cheating on the investor.
  • The Central Bank's direct involvement medicates the credit markets, and the FED's balance sheet looks like a leveraged junk bond fund.
  • Just look at Greek banks. How fast problems can unfold and how they impact a country's debt situation.
  • Cyprus shows the way...of what we expect: MASSIVE BAIL-INS.

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