Markets

Oct 07, 2015 at 06:24

Gold was money in the distant past and it will probably be money in the distant future, but there is no developed economy in which gold is money today. In…

Oct 07, 2015 at 06:01

Best reading of the cycle suggests that rally to 2.057 ended wave X. From this level, the pair resumed the decline in wave ((w)) as a double three structure wxy…

Oct 07, 2015 at 05:55

Gold still has to gain momentum. Hourly resistance is given at 1156 (24/09/2015 high) and at 1168 (24/08/2015 high). Hourly support can be found at 1093 (12/08/2015 low). Stronger support…

Oct 06, 2015 at 14:50

In the wake of recent economic data, economists at the IMF and Deutsche Bank lowered their growth estimates. Like a dog running in futile circles hoping to catch its tail,…

Oct 06, 2015 at 13:51

Barry Diller spoke with Bloomberg's Erik Schatzker about Donald Trump, the state of the TV industry, Tinder, Jack Dorsey and more at the Bloomberg Markets Most Influential Summit in New…

Oct 06, 2015 at 10:15

Yesterday, I mentioned the likelihood that a recession is coming. The indicators for this are mostly from the manufacturing side of the economic ledger, and they are at this point…

Oct 06, 2015 at 10:11

Gold lost $8.90/oz. last week to close at $1,137.10 but on Friday printed an engulfing bullish candlestick. Gold gained $22.90 on Friday marking last week's expected cycle low and closed…

Oct 06, 2015 at 07:41

Debt is at the root of money creation in this debt-based monetary system. In fact, as the name suggests, money is debt in this system. Historically, instead of debt as…

Oct 06, 2015 at 07:26

When combined with rate cuts, QE becomes a deadly deflationary cocktail. Banks have no incentive to make loans, and T-bonds become the asset of choice. The T-bond money is squandered…

Oct 06, 2015 at 07:25

Reader Dean emailed me today in response to a couple of recent articles I wrote regarding US policy in Syria. Dean disagreed with the tone of my articles, stating a…