To: TobagoJack who wrote (185906 ) 4/1/2022 11:19:11 PM From: TobagoJack Read Replies (2) | Respond to of 218182 Martin says ... about equities, gold, crude, and wheatUS Share Market Close of March THURSDAY, 31 MARCH 2022 BY: MARTIN ARMSTRONG It was interesting to watch that the NASDAQ bottomed precisely on the ECM target of March 14th and has rallied thereafter. As long as that low holds, then the capital flows are pointing into the United States thanks to this insane posturing of Biden and his sanctions which have undermined the entire world economy. Now there are the goldbugs cheering that their interpretation is that the dollar has lost its reserve status. But they have failed to take note that so has the Euro. Germany has agreed to pay in Rubles and Saudi Araba has agreed to sell oil in terms of yuan. All this is doing is adding support to the dollar now for geopolitical purposes for the world has been reduced to the dollar - yuan - ruble and the Euro has lost ground as a safe currency. When we look at the NASDAQ, it clearly shows that breaking the last major high would point to a rally to test the 20000 level going into the First Quarter of 2023. My concern is that the War Model kicks in in 2023 and will most likely build in intensity into 2028. The worst of everything appears to be post-2024. Putin's term is up in 2024 and despite the rhetoric, he is NOT a madman by far he is defending Russia against the Neocons which have been poking the Bear with the intent to destroy Russia. The problem I am DEEPLY concerned about is that those behind Putin think he is too SOFT and sees the USA has declared World War III. The model is warning that things could get much more intense post-2024 and I fear that may mean that Putin is pushed aside then NOT because he invaded Ukraine, but because he has not attacked the USA or NATO. When we look at the Quarterly Array, the 4thQ '21 was a turning point, the 1stQ appears we have the retest of support, and it looks to be up and down choppy, and then comes the 4thQ22 with the elections. It looks like we get back to a trend in 2023. with rising, volatility and that may reflect capital inflows with rising geopolitical tensions.Gold Looking Ahead (PRO) THURSDAY, 31 MARCH 2022 BY: MARTIN ARMSTRONG When we look at Gold, we can see that it has elected all four of its Near-Term Bullish Reversals suggesting that the rally is not complete. The target resistance by the 1stQ23 stands at 2300 and 2525. Gold did not line up with the ECM turning point so it may be focusing on the next one in 2023. Here too we can see that this quarter was to be a Directional Change and this has marked the thrust back to retest the form high. Not that it is still not a long-term sustainable trend. We may now see a temporary high form during the 2nd quarter, but once more the volatility will rise in 2023. Clearly, even our yearly models are point to 2023 but thereafter are focused on 2027/2028..The Food Crisis & Wheat THURSDAY, 31 MARCH 2022 BY: MARTIN ARMSTRONG Wheat has elected all the Quarterly Bullish Reversal by the end of last year. We now face a Directional Change for the Second Quarter, with the next serious target being the First Quarter of 2023. There are other new strains of Coronaviruses emerging and the vaccines have, according to many studies, impaired the human immune system. I have been called in by a governmental committee investigating the economic effects of the COVID Restrictions upon the world economy. That is certainly a very interesting change to shift to the economic impact aside from the argument over the safety of the vaccines themselves which is not my field. In order for this Food Crisis to continue right now, Wheat needs to exceed this First Quarter high and that would imply a further rally into the First Quarter of 2023. But that may be a stretch. SO pay close attention to the Weekly times and Bearish Reversals for at the very least a retest of support is likely. We could be looking at a pause in the storm and even our War Model was pointing to 2023 - not right now.Crude Oil & The Quarterly Close (PRO) THURSDAY, 31 MARCH 2022 BY: MARTIN ARMSTRONG While the Quarterly Bullish Reversals are 7690 and 11225, we will most likely elect the first but the failure to elect the 11225 warns that we could retest support first which technically lies back at 84.93. The leases for drilling in the Gulf of Mexico must be renewed in July. This still looks like Crude will be rising further into 2023. There is a Directional Change in the First Quarter of 2023 and the key target thereafter will be the 4th quarter of 2023. Biden with his sanction of Russia has really declared war on Russia and in the process, he has driven a knife through the heart of the world economy. China is buying oil now from Saudi Arabia in yuan and Russia is demanding Germany to pay in Rubles which they have now agreed to. A closing today above 100.80 will keep the bias in Crude to the upside into April. Note that this is a Directional Change and April is a Panic Cycle. When we look at the Weekly Array, there is a concerning DOUBLE Directional Change next week, high volatility the week of the 11th, and then a Panic Cycle the week of the 25th. So it looks like interesting times ahead.