Current actual is below. While velocity of money could break out at anytime now. The kiss of the long standing (since 1980 in fact) downsloping overhead resistance from below suggests that we still have some time before the breakout begins. Unless and until this breakout occurs, we have more time. When that breakout occurs, time is up and things will begin to change very, very quickly. You can watch this chart or simply the silver chart. Silver, being the long standing currency of the common man, will be the canary in the coal mine on this matter.
With that said, the minimum requirements for the bottom of this chart are now in place. Note that I did not say this back in 2016 because I could not count full number of waves down. But where we are now, I must repeat that velocity of money could break out at any time. When this finally breaks out what it will mean is that the herd has finally lost confidence in the issuing authority and purchasing power of the fake currency is completely dependent upon confidence. Any kind of gap up above that line will tell us, with 90% certainty, that the dollar has finally begun the journey to its rightful purchasing valuation of zero (or nearly so). Gold and silver will react violently to the upside in this event.
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