The S&P500 h
Gold Editorials & Commentary
January 18, 2016
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...
On days when lots of financial numbers are released, the normal pattern is for some to point one way and some another, giving everyone a little of what they want and overall presenting a reassuringly muddled picture of the economy.
Gold sector is on major sell signal. Cycle is down. Looking for lower prices overall.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal but prices are consolidating, which suggests a break to new low in coming...
January 15, 2016
Technical Analysis of The Market Via Videos.
United States equities have long been skating on thin ice. It appears they have finally collapsed through it, and are now treading water before sinking deeper. From an historical standpoint they have arguably been overpriced for most if not all of the past twenty...
The US stock markets have suffered their worst early-year losses in history in young 2016, an ominous proof that a major trend change is underway. The Fed’s new tightening cycle is already slaying recent years’ extraordinary easy-Fed-fueled stock-market levitation...
It’s been crazy so long it feels like normal… Several $ Trillion in global debt “pays” negative interest. Loan your capital to an essentially bankrupt government and lose a portion of that capital every year! Strange and crazy!
2015 was a troubling year for the financial markets.
Is the market's trading action the first week of the year significant? The importance of trend lines. What do secondary indices tell us about the major ones?
We all know that gold prices in US dollars have been in a downtrend for about 4.5 years. We all know that gold prices rise on average as the underlying currency declines in value. Gold in the US dollar was priced under $21 per ounce when the Federal Reserve was...
India is the largest consumer of gold in the world, accounting for around 26 percent of demand in 2015. Since India does not produce any gold, the country has to import all the yellow metal. In order to stop the outflow of foreign currency and to decrease the...
That didn't take long. A month after the Fed's dreaded quarter-point interest rate hike, the markets tank and then come the talking heads to promise that whatever is bothering traders, Daddy will make it right.
The fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (GDX and GDXJ) declined about 13%, while Gold lost $1100/oz and today (Thursday) $1080/oz. Silver, which did not mount much of a rebound...
January 14, 2016
The banks were considered too big to fail because it would have bankrupted the USA…and thus its reserve currency…and thus it worldwide hegemony, the ability to finance its military power by being able to use the printing press as long as they can maintain keeping...
The US dollar price of gold declined in 2015, but the same year gold advanced in many other currencies. What can we learn from this behavior? The London spot price of the shiny metal, in U.S. dollars, declined 9.56 percent from $1172 to $1060 last year, marking its...
The commodities bust may be about to claim some brand-name victims:
