Markets

Jul 13, 2015 at 06:06

I am seldom stunned by political stupidity. In fact, I am surprised when I don't see it. Yet, I have never witnessed a political reversal so shockingly stupid as we…

Jul 13, 2015 at 05:51

One way or another, Germany is going to pay (by bailout, by default, or by destructive breakup). For now, Germany, the creditors, and the top politicians all refuse to admit…

Jul 13, 2015 at 05:40

In the midst of an intense global economic slowdown that began in 2008, China's economy amazingly appeared to be unaffected. Defying the world-wide real estate collapse, China's GDP grew by…

Jul 13, 2015 at 05:36

A third Horseman may soon hove into sight. A credit implosion in China plus a slump in Eurozone confidence and economic activity would be powerful negatives for the US economy,…

Jul 13, 2015 at 05:26

In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, SP500 index) ...

Jul 13, 2015 at 05:02

USD/JPY is increasing but remains in a declining trend. Hourly support is now given at 120.41 (08/07/2015 low). Hourly resistance can be found at 124.45 (17/06/2015 high). Stronger resistance still…

Jul 12, 2015 at 21:29

Congress will only reverse course when a critical mass of people reject the entitlement mentality and understand that the government is incapable of running the world, running our lives, and…

Jul 12, 2015 at 21:27

The question is always, where to from here? Monday through Wednesday, we had an incredible surging cobasis. This corresponds to what we heard from dealers that buying of physical silver…

Jul 12, 2015 at 18:33

We now have "THE Final Offer Before Grexit" (I think). Of course, more offers will come after Grexit.

Jul 12, 2015 at 18:31

Greece continues to dominate the market action. What happens this weekend could shed a little more light on the future short-term trend.