WTI Crude Oil The WTI Crude Oil market rose during the course of the day on Friday, testing the $30 level. Breaking the top of the hammer from the Thursday session is a bullish sign, but quite frankly there is more than enough noise above in order to turn this market back around and start…
Lowing and Highing As we saw in The Proper Etiquette for Market Panics – which I wrote the last time we had some major market falls – what usually happens in a crisis is that markets fall and then exhibit volatility, as investors roam backwards and forwards in increasingly large herds while asking everyone else why it’s happened and…
The exchange rate between the Argentina Peso and the US dollar in January 1945 was 4.17 pesos to one dollar.Like the United States, Argentina created substantial price inflation – devaluation of their currency – in the 1950s – 1990s. According to Wikipedia Argentina devalued their currency by a factor of 100 in 1970, by another 10,000 in…
A short commentary and answer to the question… Video Length: 00:05:33
Copper has lost 56% of its value since it peaked in 2011. That is not as bad as crude oil, but it remains a serious collapse. The largest copper miner Freeport-McMoRan (symbol FCX) has truly crashed in this environment. The stock price went from $50 in 2011 to $3.50 in January of this year, a…
The Australian Dollar fell against its US counterpart after China released its trade figures in Yuan terms. Exports fell at rate of 6.6 percent year-on-year in January versus economists’ estimate of a 3.6 percent growth and the 2.3 percent reading in December. Imports disappointed as well by contracting 14.4 percent (YoY), lower than the forecasted…
Gold settled down $7.97 at $1238.38 on Friday as a recovery in risk appetite prompted investors to book profits after the previous session’s rally to rally to the highest level. Despite Friday’s decline, the XAU/USD pair ended the week up nearly 5.6%, bolstered by notions that weak economic data and global turmoil will force the…
The financial markets have always been manipulated and always will be manipulated. They are manipulated when they are free and they are manipulated when they are heavily regulated by government. If you choose to be involved in the markets, you should accept this reality. If you cannot accept this reality then you should get out…
S&P 500 The S&P 500 broke higher during the course of the session on Friday, but we still have plenty of resistance above that could turn this market right back around. Because of this, we are simply waiting to see whether or not there is an exhaustive candle in order to start shorting. We have…
For the 4th time in seven quarters the Japanese economy shrank. It appears Japan may be headed for another recession. In response, Prime Minister Shinzo Abe may double down with his Abenomics policies that have clearly failed. That idea was enough to propel the Nikkei up 1,070 points. Japanese Economy Shrinks Again The Wall Street…
