"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •135 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 945.10 | +1.10 | +0.12% |
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WTI Crude •12 hours | 67.02 | -1.68 | -2.45% |
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Gasoline •12 hours | 1.949 | -0.032 | -1.63% |
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Ethanol •135 days | 2.161 | +0.000 | +0.00% |
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Silver •135 days | 30.82 | +1.16 | +3.92% |
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Silver • 135 days | 30.82 | +1.16 | +3.92% | |
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Copper • 135 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 hours | 71.04 | -1.52 | -2.09% | |
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Natural Gas • 12 hours | 2.823 | +0.038 | +1.36% | |
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Heating Oil • 12 hours | 2.171 | -0.041 | -1.87% |
Markets / Other
Technical Market Report for March 25, 2017
The market had a rough week, but seasonality is improving. I expect the major averages to be higher on Friday March 31 than they were on Friday March 24.
This Past Week in Gold
Summary: Long term - on major buy signal. Short term - on mixed signals. Gold sector cycle is down. A correction is in progress.
Technicals for Gold Miners Remain Weak
Last week we wrote that precious metals should see upside follow through but to be wary of the 200-day moving averages and February highs before becoming excited. The metals did…
Discussions on the Fed Put
The risk of financial accident in China has anything but dissipated. The People's Bank of China this week injected large amounts of liquidity to stem a brewing funding crisis in…
Be Careful What You Wish For, Police Body-Cam Edition
After the recent deluge of videos showing police abusing and sometimes flat-out murdering more-or-less innocent citizens, the willingness of a growing number of cities to equip officers with video cameras…
Durable Goods Orders Surge on Aircraft: Core Capital Goods and Autos Decline: Overall Weak Report
The headline durable goods orders for February beat the Econoday consensus and January was revised higher as well. But once again, strength was due to aircraft orders. Core capital goods…
Silver Miners' Q4'16 Fundamentals
The silver miners' stocks have had a roller-coaster ride of a year so far. They surged, plunged, and then started surging again last week on a less-hawkish-than-expected Fed. Such big…
Stock Market Bubble and Gold
In January, the Dow Jones Industrial Average broke above the symbolic 20,000 for the first time ever. This development raised again concerns about the condition of the U.S. stock market…
AUDUSD Elliott Wave View: Pullback in Progress
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair…
Silver - Increasing Demand
Silver rose sharply Friday, invalidating the bearish outlook linked to the previous bearish pause. Correct pullback has failed to find seller indicating test of 17.56 resistance (16/03/2017 high). Strong support…
