A Maoist great leap forward requires that every Chinese investor move in the same direction, long rather than short, into stocks rather than out of them. And to make sure this happens, the Chinese Securities Regulation Commission is demanding records from Chinese and foreign brokerage firms in Hong Kong and Singapore who will have to…
Crimex open interest in gold rose 8,907 contracts and in silver 3,067. If the recent pattern holds up this suggests even more spec short selling. Friday we get the banker’s participation report along with the shocking new CoT. Must have been a busy month for banksters as they have clearly taken a very bullish position….
In a blog post a couple of weeks ago I noted that it’s normal for large and fast price declines in the major financial markets to be accompanied by unusually-high trading volumes, meaning that it’s normal for large and fast price declines in the major financial markets to be accompanied by increased BUYING. I then wondered aloud…
Looks like there’s trouble in paradise. If economists have it right, Australia’s current property boom which has zoomed 11% so far this year, could be coming to an end. Investors looking for a good deal have helped push the value of residential property to half a trillion dollars and banks have reported that more than…
Is McDonald’s (NYSE:MCD) new CEO finally turning this big ship around to get it back on track? If the recent quarterly report shows us anything, it’s that there’s still a chance he can salvage this mess. McDonald’s has suffered a lot of negative press over the years, but to shareholders, it’s been everything they wanted and more….
Many of the stock market indices I look at, are doing well. I am not long, as well as it has been a very tough market to be short. Most bulls and bears are not making money. Apple seems to be at a key juncture. Watch this video and let me know if you think…
Gold remains extremely weak. We need a daily closing above 1108 to say the low is in place temporarily and a bounce back up is possible. The 1080 level is critical support on a daily closing basis and it remains possible that gold can break to the downside moving into September if the…
EUR/USD Signal Update Yesterday’s signals expired without being triggered as none of the key levels were hit. Today’s EUR/USD Signals Risk 0.75% Trades must be entered between 8am and 5pm London time today only. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of…
“The one thing I know for sure about China is, I will never know China. It’s too big, too old, too diverse, too deep. There’s simply not enough time.” – Anthony Bourdain, Parts Unknown Much of the world is focused on what is happening in Greece and Europe. A lot of people are paying attention…
Back in April, we highlighted Beijing’s “massive debt problem”, noting that as of last year, total debt in China amounted to some $28 trillion when you include government debt, corporate debt, and household borrowing. As Bloomberg noted at the time – and as we’ve discussed extensively – Beijing is facing the virtually impossible task of…
