Did you guys see POT breaking out of 100 today? Looks like inflation coming.. or people expecting it to. http://www.stockbox.tv/will-inflation-threaten-the-dollar/ Discussing the Fedâs plans for change and the threat of inflation, with Tony Crescenzi, Miller Tabak Asset Management; CNBCâs Steve Liesman & Rick Santelli. -cnbc.com Hyperventilation vs. Hyperinflation The specter of inflation that was supposed to scare investors back into commodities has so far stayed in the shadows.
im not too sure about that... remember last yr when POT was just poppn one resistance after another. since ppl know oil boom is over from all the new laws and a shift to electric cars and ppl know inflation is right around the corner and ppl don't want to buy equities from risk, they might be hoarding cash into these commodities...
1) When POT rallied from ~150 to ~240, it was "popping resistance". 2) When it declined from ~240 to 75, it was "popping support". 3) Is the recent rally really because of "inflation", "momentum buying" or "restoration of liquidity"?