In a moment we will provide our answer to this interesting question. The correction in the price of gold and silver is now in its fourth year, and in the words of W. D. Gann: “When time is up – price will turn.” Featured is the weekly gold chart. The current bull market began…
If you do not believe that we are heading directly toward another major financial crisis, you need to read this article. So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes. History literally appears to be repeating, but most Americans seem absolutely…
After the drama in 2013 investors were hoping that gold would make a comeback in 2014. Now that the year is over we can easily state that this did not happen and look at the chart below, it is clear that the gold price has spent some time under water. For a considerable…
Data from the Swiss National Bank today confirms what the market has suspected. It intervened in size to defend its cap against the euro last month. The details are not yet available, but on an IMF reporting basis, the SNB said that its reserves rose to CHF495.1 bln (~$490.2 bln) from CHF462.7 bln in…
Those waiting to see if the crude crash would lead to any sizable adverse impact on the US trade deficit in November, as lower production led to higher imports if only on paper, the answer is yes, but in the opposite direction: instead of increasing or dropping just marginally from October’s $43.4 billion (to the…
Imagine someone gives you a $100 bill and tells you to buy dinner – but without saying where or what you should order. For some people, it would be enough for the entire meal, including the drinks and the tip, but for others it would be gone before the entrée arrives at the table. How…
The stock whisper of the day is: (MU), (TWTR) Video length: 00:03:17
The Greek Conundrum As you can see above, we have created a new term describing deliberations regarding the possibility of a Greek default combined with an exit from the euro area. The reason why the time for the term “Grexitology” has come is that opinions on Greece’s future in the euro zone are plentiful and…
The US market has retraced over the past few weeks after reaching all time highs at the end of last year. The S&P500 (SPX) index below shows this retracement with the price just holding above 2000 points. Further decreases lower are possible with the support level of 1972 in close vicinity which may hold further…
Oil prices have continued to slide. Brent briefly traded below $50. WTI is below $48. Both have fallen about 10% this week. Prices are stabilizing in late morning in Europe. However, unlike yesterday the fall in oil prices is not sending stocks or core bond yields lower. The MSCI Asia Pacific Index was…
