Mark J Lundeen
Here is a chart I've never before published. It's a Step-Sum Symmetry Chart with a gold bias. What in the heck is that? Well, as we all know, during bull or bear markets there are about as many up days as there are down days. BUT, over the...
What is a derivative? A financial instrument whose value is derived from an underlying asset. For example, the US paper dollar is a derivative. Its value was once derived from the gold, or silver (then lawful money) held at the US Treasury...
This week I intended to focus on the derivative positions of the US banking system, but I need another week to do the subject justice. But the numbers involved in this market are simply incomprehensible. To reduce these numbers into...
Governments and their central banks have inflated the global-bond markets into a bubble that will long be remembered, and written about by market historians. Look at the US Treasury bond chart below; since this bond series was issued in...
I'm happy to say that this week Barron's magazine published an article I wrote on Electrical Power Consumption. You may want to buy an issue to check it out. Now down to business.
Gold has formed two double bottoms in the chart below:
This past week was unusual as the stock market was under pressure, especially the bank stocks, while the price of gold and silver reversed their declines late in the week! More comments on this in my market update section below.
In Early May, some potentially big things are happening that I want to bring to your attention.
In early May of 2012, the Silver to Gold Ratio (SGR), or the number of ounces of silver that one ounce of gold will buy is looking really good. How is that? While it's true that from its lows of 32 last April, the ratio had retraced all...
Sorry for not writing for most of the month of April, but I've been under the weather for the past few weeks. Now that I'm feeling better I should be back writing weekly articles.
