"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •674 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,069.50 | +7.20 | +0.35% |
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WTI Crude •11 mins | 95.16 | +0.35 | +0.37% |
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Gasoline •10 mins | 3.499 | +0.043 | +1.24% |
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Ethanol •674 days | 2.161 | +0.000 | +0.00% |
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Silver •674 days | 30.82 | +1.16 | +3.92% |
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Silver • 674 days | 30.82 | +1.16 | +3.92% | |
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Copper • 674 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 100.84 | +0.78 | +0.78% | |
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Natural Gas • 11 mins | 2.743 | -0.026 | -0.94% | |
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Heating Oil • 11 mins | 3.868 | +0.051 | +1.34% |
Markets / Other
V-Bottoms
Cycle analysis suggests that stocks just left behind an important low at the beginning of June: a weekly or intermediate cycle low (ICL). The nature of the rally out of…
Weekly Analysis
I have to desist defending a count that, despite satisfying the EW rules, the market is disregarding it. As you know I have been skeptical of considering the June 4…
Investor Sentiment: Bullish Signal Awaits
The "dumb money" indicator is now showing that investors are extremely bearish, and this is a bull signal. On average, the best time to buy is 1 week after the…
The U.S. Dollar is Overbought
USD: It should correct over the short-medium term. In the U.S., the unemployment rate is instead set to decline few more points, before resuming the long-term uptrend. Spanish banks saved…
Market Report: Elliott Wave Analysis of Gold
With the decline seen this past week it makes the move from $1526.30 a 3 wave move, so whilst price is under $1641, the option is that prices will see…
Trading Gold by Timing the Fed
Gold's recent sell-off seems to be a continuing pattern of major price movements and directional changes after a significant policy event or any announcement by the Federal Reserve.
Roll Up, Place Your Bets, Do We Have a Crisis Yet?
There is a few short days before a major market moving event, Greece Elections. Well not so much the elections themselves more so the policy that flows after that matters.…
Bailout Lite? There's Really No Such Thing
A few days ago Spain was purportedly going to need another E30 billion to E70 billion to recapitalize Spanish banks. I suggested the amount would be at least triple that…
Technical Market Report for June 9, 2012
The recent lows were unconfirmed by most of the breadth indicators, but new lows increased slightly on Thursday and Friday, hinting that what we saw last week was just a…
This Past Week in Gold
Summary: Long term - on major sell signal. Short term - on buy signals. Gold cycle has bottomed but set ups are counter trend trades, actionable if risks are manageable.
