Two months ago, we signaled a huge buying opportunity was setting up in gold. Basically, that observation was based on a bullish chart pattern which is known as a ‘cup and handle’. After our call, gold moved higher in an explosive way. Today, we observe a similar chart formation on silver’s chart. The cup and…
The price of gold is going sideways. For some ‘experts’ it’s a sign that the comeback of the yellow metal is nearly over. But they tend to forget this is very a weak season for gold. History shows March is the weakest month for gold. Hedge Fund manager Dan Tapiero even expects gold will make…
Lululemon Athletica (LULU) Consumer Discretionary – Textiles, Apparel & Luxury Goods | Reports March 30, Before Market Opens Key Takeaways The Estimize consensus, on the other hand, is calling for EPS of $0.80, right in line with Wall Street, and revenue expectations of $690.04, $2 million below the Street. Athleisure has been on of the hottest…
I recently wrote that global non-financial sector debt has surged to $153 trillion as of 3Q15. Among individual countries, China has witnessed rapid leveraging since the financial crisis of 2008-09. In my view, the debt crisis is still to unfold for China and this article puts into perspective the scale of leveraging in the last few years….
We will be the first to admit that in the current centrally-planned world, where nothing but the words and deeds of central bankers matter, fundamentals, seasonals, technicals and charts are a laughable anachronism from days gone by when the market – as traded by humans and not vacuum tubes with laser beams – could drop…
Strong API Report for this time of year, and equities about to break out means short covering ahead for oil bears. Remember this is quarter end window dressing week as well! Expect some short covering in oil ahead of the EIA Report on Wednesday. Video Length: 00:05:03
The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 plans” which were supposedly going to create “economic growth” by government decree seemed to have disappeared into the…
EUR/USD Signal Update Yesterday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered between 8am and 5pm London time today. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1234 and 1.1220. Place the stop…
“I can never retire.” At the wake for a client’s son, in the lobby of a plush funeral parlor, a woman I was introduced to seconds earlier looked at me and confessed four impactful words. I wasn’t aware of her personal situation however I felt the weight of her conviction. I asked: “So, how will you…
Gold prices ended Tuesday’s session up $20.76, extending gains to a second-straight session, as the dollar retreated after Federal Reserve Chair Janet Yellen stressed the need to be cautious in deciding when to raise interest rates. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy….
