I have spent the majority of my life outside the USA. My view of the world is very different than most all people both in and outside the USA. One thing I have learned — that the perceptions or conclusions of a non-native writing on a country are almost certainly wrong. The facts discussed by non-natives…
2015 is going to be the year of the strong dollar and rising interest rates in the US. This, in combination with the absence of inflationary pressure, will make is so that different precious metals will have a tough year, in Morgan Stanley’s opinion. The investment bank also underlined that it expects the gold price…
The Dow held our Weekly Bearish Reversal at 17722. We warned that “The main bank of support begins at the 16300 area. A weekly closing beneath 17722 will shift the market into a basing mode.” There appears to be in place a consolidation phase with the Dow churning back and forth until May. We did…
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DOW – 170 = 17,737 SPX – 17 = 2044 NAS – 32 = 4704 10 YR YLD – .05 = 1.97% OIL – .54 = 48.25 GOLD + 14.50 = 1224.40 SILV + .14 = 16.62 Each month the Bureau of Labor Statistics reports on total non-farm payroll employment. The Jobs Report is usually…
One of the key drivers of the market since summer along with one of the primary topics of conversation for financial pundits far and wide has been the breathtaking plunge in crude. Prices for West Texas Intermediate (WTI) have moved from just under $110 a barrel in early summer to below $50 a barrel as…
Currently there are a number of weak spots in the global financial edifice, in addition to the perennial problem children Argentina and Venezuela (we will take a closer look at these two next week in a separate post). There is on the one hand Greece, where an election victory of Syria seems highly likely. We…
The Chart of the Day belongs to Tree.Com (NASDAQ:TREE). I found the stock by sorting the All Time High list by new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/23 the stock gained 6.95%. TREE is the parent of…
by Worth Wray, Thoughts from the Frontline Twenty years after the first divergence-induced currency crisis of the 1990s, commodity prices are tumbling, the US dollar is rallying, and externally fragile emerging markets are reliving the horrors of their not-so-distant past. Except, this time, major economies like the United States, the United Kingdom, the Eurozone, Japan,…
Since regulators are so busy focused on the interest rate, FX, credit derivative, and commodity market manipulations and rigging, we suspect they missed the oh so visible hand of “spoofing” that is occurring today in Crude Oil. As Nanex so brilliantly exposes (once again), large orders ‘spoof’ the depth of the market before disappearing entirely…
