Gold’s position on the long term view has turned precarious. Here’s what needs to happen to keep that warning from coming to fruition.
Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month.
The CBO (Congressional Budget Office) confirmed it in a report issued April 9. It projects massive and growing deficits for the next 8 years. That’s stimulative for the economy but bad news for the stock market, which the Treasury just goosed to the tune of $114 billion. Here’s the story, and why it’s ultimately bearish.
The 10-12 month cycle remains in a down phase with more downside potential ahead. Conversely, the 6 month cycle seems to be in a weak up phase. But bears need to be careful because the up phase could still come to life. With multiple crosscurrents at work, here’s what to look for.
Gold is positioned favorably for a breakout by late April, early May. But what if it doesn’t. Here’s what to look for either way.
On the long term chart, both the 3-4 year cycle momentum indicator and cycle oscillator are on the cusp of turning down. If and when they do, it would confirm a bear market. This report shows you that chart as well as daily charts and intermediate term time and price targets.
Another attack on the top of the gold’s trading range looks likely, resulting in a number of similar setups in mining stocks.
The Fed is on course with its balance sheet shrinkage program that is designed to eventually “normalize” this size of its asset base at a tight reserve position. As expected, the effects are showing up in the markets. Here’s why it will get worse.
I have made no additions to the list for Friday. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month.
Withholding tax collections continued their decline in the month ended March 30, as employers adjusted their withholding to the new tax law. At the same time, excise tax collections are booming. Here’s why this is all bad news for the markets.
The market remains in a sharply descending short term channel. We have gotten the expected bounce from the 2588 area, and it is being tested again here on Wednesday morning. Here’s what to expect. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month.
I have made no additions to the list for Wednesday. I’ll continue to ride out the current picks until they are closed. There are now just 4 shorts and no longs after one was stopped out on Tuesday with a 16% gain in 26 calendar days. Here is today’s updated list including new buys, sells, short sales, cover shorts, and…
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Yes, The Federal Reserve is removing its excessive monetary stimulus at a sloth-like pace. And home price inflation is actually accelerating with the February Case-Shiller HPI growing at 6.34% YoY.
According to the National Association of Realtors, existing home sales fell 1.2% YoY in March.
But that isn’t really the important tidbit from this story.
America has become Alzheimer Nation. Nothing is remembered for more than a few minutes.
Freddie Mac reported on Thursday that its weekly average 30-year fixed mortgage rate rose to 4.47%, the highest since January 2014. Unfortunately, home prices have risen since January 2014 as well.
It’s self-evident that we cannot possibly understand trade, soaring corporate profits, Facebook’s data collection or the economy without understanding the core role played by Big Data in reaping outsized profits and pushing narratives.Let’s connect the…
The World Economic Forum said in a study that the pension deficit is growing by $28 billion every 24 hours – and if nothing is done to slow the growth rate, the deficit will reach $400 trillion by 2050, or about five times the size of the global economy today.
Currently, the oil market is cashing in on the many geopolitical “lottery tickets” it has on hand.
Additionally, as we speak, our Dr. Kent Moors sees three global crises emerging that will impact every dollar you make.
Equities rallied to begin the week. With Syrian missile strikes more limited than feared and no military response from Russia, there was immediate impetus to unwind hedges. That it was option expiration week ensured plenty of firepower. The S&P5…
St. Louis Fed Economic News Index, their real GDP “nowcast,” projects Q1 growth at 3.50 percent, up from its previous week’s projection of 3.36 percent.
Have a nice weekend!
A whopping 1.2 million Americans won’t be receiving Social Security benefits.