Gold needs to clear 1265 for a clear signal that it has broken out of its 13 week cycle sideways down phase. If that happens then there are a couple of obvious, higher targets.
The market has become thin in the 2350-2405 area. It can traverse this area easily without any technical significance, or rhyme or reason. But there are some real messages from last week’s trading. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens report in pdf format. Not yet a subscriber? Try the Market…
Countless billions of newly printed money have kept flowing into US markets from Europe and Japan. Their central banks keep printing it, and their banks and institutions keep shunting some of it straight to Wall Street. That has continued to feed what, at this point, is probably the greatest asset bubble in the history of the world. The Fed is…
Gold bounced where it had to, to stave off a more significant decline, but so far only short term cycles have turned up.
Treasury demand is likely to outstrip supply in the weeks ahead. But it will be a setup for the next big short. Here’s why. And that tells you what to do about it.
Cycle screening data was narrowly mixed last week. The aggregate indicator has developed a negative divergence over the past 2 weeks, but the pattern overall is neutral for both the short and intermediate term. Here’s what to expect, and how to profit from it. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens…
They hit the ceiling this week. The Treasury skipped the announcement of the usual mid-month 3 year and 20 year note auctions. That means we now face reduced Treasury supply until the debt ceiling is raised. That a big bullish impetus for the duration of the impasse. But it will only be temporary. Then what?
Probably the most important mkt interview of the year, says Lindsay Williams!
The Treasury has built up a big cash balance at its bank, the Fed, but it won’t hang around for long. Turmoil is coming, most likely in October, when the government runs out of pension funds to raid. Meanwhile, growth rates of key banking indicators have rebounded a bit. One critical indicator that had the biggest crash has had a…
After the 13 week cycle up phase failed early, gold, as well as the mining stocks, now face critical support levels. But I took a risk and picked a few longs among the miners, with tight stops of course.
Posts from Other Publishers
(Kitco News) – Asian and European stock markets were lower Friday, on the back of sharp losses in the crude oil futures market seen on Thursday. Overseas markets fell despite U.S. stock indexes posting record highs Thursday. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.
If you want to understand why we’re fragmenting as a society, start by looking at the asymmetric burdens imposed by inflation.
Bitcoins are a remarkable bit of innovative technology. When they were first introduced quietly at the end of October 2008, nobody noticed it or the fitting timing.
It doesn’t appear as if the OPEC decision went as the oil ministers might have hoped. Agreeing to a nine-month extension, more than the usual six months, it was still less than the whispered year that had been rumored and seemingly supported as late as yesterday. Still, Saudi Energy Minister Khalid al-Falih was encouraged. We…
Notorious vulture investor Asher Edelman raised a gale this week when he argued the “Plunge Protection Team” is responsible for the post-election Trump rally. Brian Maher has more…
Jim Rickards pulls the lid off a true conspiracy — the manipulation of the gold market. Who’s behind it — and why? Read on.
In Dow Jones news today, the markets climbed after the NFLX stock price hit a new high and shares of SHLD surged over 13%.
The American Society of Civil Engineers just issued America’s infrastructure report card.
And this year, America earned a collective letter grade of “D+”.
The Congressional Budget Office’s assessment of the Republican health care plan, as passed in the House, is out. The bottom line is that many more people will lack health coverage than under current law—23 million by 2026
Encinatas California is located on the Pacific Ocean wedged between San Diego to the south and Marine Corps base Camp Pendleton to the north.