"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 •9 hours | 67.02 | -1.68 | -2.45% |
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Gasoline •9 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 • 8 hours | 71.04 | -1.52 | -2.09% | |
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Natural Gas • 9 hours | 2.823 | +0.038 | +1.36% | |
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Heating Oil • 9 hours | 2.171 | -0.041 | -1.87% |
Markets / Other
Market Turning Points
SPX is consolidating after reaching the lowest of the projections given in the previous letter. It is not clear if the index is already capable of extending its move beyond…
This Past Week in Gold
Summary: Long term - on major buy signal. Short term - on sell signals. Gold sector cycle is down. Trend is down. Correction continues.
Gold Charts
All early trend break outs get a test, and when that happens we just have to wait for the results.
Santa Claus to Extend Trump Rally?
In this article, I'm going to point to reasons why I believe this rally has some more juice left in it. I also want to warn that early next year,…
Fed: Pathetic
Perhaps, the official is indicating that the Fed has no alternative but to follow the increase in market rates with an increase in the administered rate. No surprises, as typically…
Technical Market Report for December 17, 2016
Seasonality is really the only story. For the next 2 weeks the market should drift upward on low volume. I expect the major averages to be higher on Friday December…
Radical Gold Underinvestment 3
Gold was again blasted to new post-election lows this week, further trashing contrarian sentiment. The Fed proved more hawkish than expected in its rate-hike-trajectory forecast, unleashing heavy selling in gold…
Housing Starts Dive 18.7 Percent: Mortgage Rates Soar
The often volatile housing starts numbers took another dive this report, down 18.7% in November according to the Census Bureau New Residential Construction report for November 2016.
XAGUSD Short Term Elliott Wave: More Downside After Correction
Short Term XAGUSD Elliott Wave forecast suggests that the rally to 17.25 ended wave X. Decline from there is unfolding as a FLAT where wave (a) ended at 16.64, wave…
Silver - Monitoring Key Support At 15.82
Silver is trading mixed. Bearish pressures are still important within resistance area between 16.50 and 17.00. The technical structure suggests further weakness towards key support at 15.82 (01/06/2016).
