"Someone is lying?" is a humorous title because in today's world this could pertain to nearly anything. In this case I am speaking of the Dallas Fed and the banks they oversee. As you know, Zerohedge wrote last Friday of the Dallas Fed. They said the Fed had "...
Gold Editorials & Commentary
January 19, 2016
My name is John Q. Public. I live a good life, make lots of money (never mind how) and have debts such as a mortgage on a great house – $375,000, a Cessna – $150,000 (my air force), and a sweet little two mast sailing ship – $78,000 (my navy). Also my wife and...
The Bank of Japan first launched QE back in 2001. Since that time the Bank of Japan has implemented QE programs equal to over 50% of Japan’s GDP. This includes its “Shock and Awe” program launched in April 2014: the single largest QE program in history, equal to...
Over the past five days investors bought 26.8 metric tonnes of bullion through exchange-traded products backed by the metal, according to Bloomberg, the most since January 2015 as seen in the chart below. In addition, Reuters says gold and silver demand is off the...
The small bullish triangle that we thought was developing on the Intraday Chart has been eliminated in the overnight session. However, the new trading patterns on the Intraday Chart may suggest that gold still have some further upside above the 1097.20 high.
As the third trading week of 2016 gets underway, gold continues to trade with great stability, regardless of whether global economic news appears to be good or bad.
The Union Bank of Switzerland (UBS) warned investors that the seven-year cycle in equities is rolling over. So, UBS recommends buying gold, as its price is likely to bottom in 2016.
It’s Monday morning, and the “new era” of indefinitely depressed oil prices has officially arrived. To wit, on Saturday, the International Atomic Energy Agency validated Iran’s compliance with the U.S.-led “nuclear deal,” enabling Iran to add 0.5 to 1.5 million...
We should not rule out that S&P500 has begun a corrective phase that could open the door to a 0.382 retracement of the advance from the 2009 low which would coincide with a test of the Double Top break out (2000 and 2007 highs), I am talking about the range 1574...
Indications suggest a stock market which is currently oversold and bottoming short term, but still has a long way to go to finish this bear. In fact, I believe we could see the SPX fall as low as the 940-950 area by October of this year as we enter the final innings...
To many economists, the biggest mistake the Fed has made has been a lack of aggression in raising interest rates. After all, they reason, the US job market is as strong as it has been since 2007 and the economy, even if sluggish, is at least back on an even keel....
January 18, 2016
Last week’s stock market action brought more confirmation to the view that it had started a major correction which some will label a bear market. The name that one gives it is not as important as being able to forecast correctly what will take place next week or...
The price of Gold breached R 18,000/oz for the first time ever on the 11th of January 2016 in South Africa (R = Rand). It is currently standing on R 18,239/oz. Let’s take a look at the price of Gold in South African Rands (ZAR) over the last 30 years, and the...
If it weren’t so serious for the world, it would have been funny to watch on Thursday as the stock market rose sharply upon news that oil prices were rising. Robotraders with silicone brains, I thought. Do people really believe today’s rise in the price of oil means...
The causes for cataclysmic PE revaluations were discussed in the January 3, 2016 article. The same article supports the argument why any future money-printing would not pump up equity prices but, rather, merely skyrocket gold to my decade-long target of $3500, while...
The S&P500 h
Today I would like to take a look at the PM complex as there are some interesting charts building out. Please don’t confuse this report with what Sir Spock, Sir Norvast and others are doing at the Chartology Forum as they’re looking for undervalued PM stocks that...
The last economic reports are really awful. First, December retail sales declined 0.1 percent. Please remember that December is usually strong due to last minute Christmas sales. Not in 2015. Moreover, ex-auto sales also fell 0.1 percent, so auto sales did not help...
Since mid-2014, the US stock market has been showing signs of the underlying market weakening. During the last quarter of 2015, the stock market had its first major bout of distribution selling, which confirmed our analysis that the bull market is nearly over.
January 17, 2016
This article is intended to hit the reader like a brick in the face, because quiet reasoning doesn’t seem to have any impact at all. Here’s the proposition that needs to be considered: If the Chinese authorities are unable to hold the Shanghai Index above the 3,000...
It has been a long time since I put up this chart comparing the S&P500 Index with the size of the Federal Reserve’s Balance sheet. The old adage “that a picture is worth a thousand words” is most appropriate in this instance.
There has been extensive discussion, questioning the current decline and if a bear market has begun. We called the May 2015 top in the DOW last year with the decline in August 2015 as wave (1) down and the following rally as wave (2) up.
There have been some recent changes on the COMEX in response to the Bankers “War on Cash.” Last year, Chase Bank in the U.S. advised its clients who rent safe deposit boxes there would be some policy changes. Some of these changes had to do with the storage of...
I like reading through the news app on my phone off and on throughout the week as a way to step back from my spreadsheets and research papers and tune into what is going on in society and what the large news outlets are touting at the moment. One prominent message...
With respect to our declared targets this year for Gold (upper 1200s) and the S&P500 (lower 1400s), both markets are directionally off on the right foot through these first two trading weeks of 2016. Given the Media Melodrama over the stock market, 'tis that as...
This week Mr Bear was on the job again, as seen in his report card below. At week’s close the 200 count is up to 12 and we see 3 Dow Jones 2% days in its eight day count. Since Charles Dow began publishing his stock average in 1885, you seldom see the Dow’s 200...
January 16, 2016
First I must offer an apology of sorts for being in absentia for an extended period of time. I would imagine that those of you who struggle to keep up with the demands of work, family, and everyday stresses understand this, but I apologize anyway. There are links on...
An absolutely horrific week for stock markets with any attempt at a bounce being sold hard with much of the weakness occurring overnight in the futures, which makes it very dangerous to try to trade at the moment.
The market remains in free fall. New lows are the only measure that matters…and they will quickly disappear when this period of weakness ends. I expect the major averages to be lower on Friday January 22 than they were on Friday January 15.
Despite last week’s historic travails, there has been no rest for the weary - as equity markets remain volatile and under pressure through most of this week’s early sessions. Finding a late day bid on Monday deep around 1900 on the S&P500, the index quickly...
