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Bank & Fin. Shares (charts)

Updated September 18, 2022 - The Federal Reserve and ECB clearly signal that we shall see lower interest rates and that they will print more money in 2021, 2022, and 2023.


  

bankBanks are dying. And this has significant implications for your savings and 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! Many people 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 has 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.
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 Nationa Banks...and their depositors and creditors.


  

Bank Index
Bullish objective na
Resistance 5200
Support 3800
Bearish Objective 2200
Technical pattern CRAZY IRRATIONAL

BANK pf1

Short term candle  Chart comments: TECHNICALLY SPEAKING THIS IS A BULL TREND, FUNDAMENTALLY A BANKRUPT SECTOR!
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 Canary in the Mine for Higher Interest Rates.
  • Jan 15 - Jan 28, 2019: 3500 level broken and almost end of Backtest...
  • 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!
  • Feb 11: Topping out AND OVERBOUGHT = Danger.
  • Mar 19 - Apr 20: CRAZY - OVERBOUGHT - MAKES NO SENSE!
  • 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.
  • Apr. 27: Lower is possible. The sector is OVERSOLD!
  • May 14: a bear trend, but we expect a correction.
  • June 21 - July 3 - Aug. 23 - Sep. 18: a bear trend.
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 2022

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
2.86% yield
3.50% yield 3.98% yield 2.53% yield
4.21% yield
2.70% yield
CIBC (CM.TO) - Can
AIG - Insurance
Scotia (BNS) - Can
CVS Health (CVS)
BITCOIN  PayPal
CMto pf1 AIG BNS pf1 Canadian Bank shares are dangerously 100% rigged! GBTC pf1 PYPL candle2
4.90% yield  2.28% yield 5.12% yield   Standard 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
HSBC
Credit Suisse
UBS
Barclays
ING -technically bankrupt!
2.25% yield 4.17% yield 1.92% yield 3.15% yield 4.00% yield
10.75% yield
           
 ABN-AMRO  Commerzbank  BNP-PARIBAS Bankrupt!
Credit Agricole Bankrupt!
Société Générale
AXA
CRZBY pf1 BNPQY pf1
Bankrupt! 7.70% yield
10.96% yield 7.55% yield 6.48% yield

Banks expressed in Real Money or Gold:

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

Our Opinion:

  • There are 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 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 Banks' direct involvement medicates the credit markets, and the FED's balance sheet looks like a levered junk bond fund.
  • Just look at Greek banks, how fast problems can unfold, and how it impacts a country's debt situation.
  • Cyprus shows the way...of what we expect: MASSIVE BAIL-INS.

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