Markets

Feb 17, 2015 at 19:26

How long Greece can remain on the euro depends on how long Greece can keep a primary account surplus. Tax revenues are key, but so is a run on the…

Feb 17, 2015 at 19:24

The euro's fatal flaw was always people. The fact that most eurozone countries are at least nominally democratic and keep having elections means that the more complicated and draconian the…

Feb 17, 2015 at 17:34

When I recently told my subscribers to go into light “sell mode” for gold at $1305, I wasn’t calling a top. After staging an enormous rally of about $130 an ounce,…

Feb 17, 2015 at 15:15

The indices are mixed. SPX managed to make a new high by a small margin, but DJIA has not. Also some of the leading indexes such as XLF and XBD…

Feb 17, 2015 at 14:20

EUR/JPY has broken to the downside out of the rising wedge (see also the break of the hourly support at 134.72), confirming a bearish bias. Other hourly supports lie at…

Feb 17, 2015 at 14:18

This week the US dollar moved strongly upwards against the other major currencies, at the same time weakening gold and silver along with most industrial commodities, before some profit-taking set…

Feb 16, 2015 at 15:16

Silver improved last Friday as can be seen by the bullish breakout of the resistance at 17.16. Another key resistance stands at 17.75. Hourly supports can now be found at…

Feb 16, 2015 at 15:13

Last week President Obama sent Congress legislation to authorize him to use force against ISIS "and associated persons and forces" anywhere in the world for the next three years. This…

Feb 15, 2015 at 23:44

The corn price has been hammered over the past couple of years which has meant the winter hiatus this year in the Corn Belt has been a bit gloomy. But…

Feb 15, 2015 at 23:18

The consolidation phase has proven, as expected, to be a continuation pattern. Headline news: On Friday SPX achieved a new ATH. Long term view: Monthly and Weekly oscillators are in…