$29.99 by Aug-Sept 2023? Impossible.

Treasuries are falling and nobody seems to care. The comparison to the Titanic is very valid. That scene from the movie, when the ship has already hit an iceberg, the engines brought to a halt, but the rich kids just keep playing with chunks of ice on the upper deck. Close-up on a bar table.. and a glass of whisky slides off, falls on the deck and breaks into smithereens. End of part One.

I will tell you what's going to happen next. First, we will see TLT at 88-92. This will mark the end of wave 1 of the sell-of in green wave 5. Once the correction is over, the sell-off will continue, and when we break below 88, it's all gone: we will almost immediately see 40..45. This will mark the end of wave 3 of green wave 5. The downtrend will continue after a brief correction in wave 5 of 5. I will dare make a prediction that TLT will reach below 30 at the tip of wave 5 of 5.

$29.99 anyone?

By the time TLT reaches 29.99:
- SPX will be at 1500,
- EURUSD will be at 0.75
- USDJPY will be at ~100
- EURJPY will break below 88
- 10Y will to my great delight break above 10%.

Oh, and Ukraine will start peace talks with Russia on Russia's terms..