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A Market Circus Made By Policy Clowns

A Market Circus Made By Policy Clowns

Stocks resumed their rally last week after Janet Yellen reassured investors that things are so bad she won’t raise interest rates any time soon. The Dow Jones Industrial Average (DIA) jumped 277 points, or 1.6%, to 17,792.75 while the S&P 500 (SPY) added 37 points, or 1.8%, on this idiotic “bad news is good news” scenario. The […]
Gerald Celeste Discusses Election-Year, Middle East, And European Chaos — And Gold

Gerald Celeste Discusses Election-Year, Middle East, And European Chaos — And Gold

To Listen to the Podcast Audio Click Here Mike Gleason: It is my privilege to speak with Gerald Celente, published of the renowned Trends Journal. Mr. Celente is a frequent and highly sought after guest on news programs throughout the world, and has been forecasting some of the biggest and most important trends before they happen […]
Chart Of The Day: California Minimum Wage Hike History

Chart Of The Day: California Minimum Wage Hike History

California Governor Jerry Brown launched a Political Earthquake proposing a series of minimum wage hikes every year between now and 2022 when the minimum wage hits $15. The Huffington post reports “The new law will boost paychecks for millions of California workers. More than 40% of California workers earn less than $15 dollars an hour. ” The […]
Video Preview: NFP Fallout, Fed Minutes And More

Video Preview: NFP Fallout, Fed Minutes And More

In the week after the jobs report, this event will still echo but we will hear from the Fed soon enough, via the meeting minutes. Also watch out for services PMIs, most importantly in the US, as well as the buildup towards the oil summit, the Australian rate decision and more in the first full […]
U.S. Bond Market Week In Review: Deconstructing Yellen

U.S. Bond Market Week In Review: Deconstructing Yellen

Fed Chair Yellen gave a very important speech last week. While she focused on domestic economic developments, there was also tremendous focus on international events and their potential negative impact on the US economy – a line of analysis championed by Fed President Brainard. Yellen’s latest speech indicates a far more international approach to monetary […]
Metals Sector: It’s Still Too Early To Re-Enter

Metals Sector: It’s Still Too Early To Re-Enter

It’s still too early to enter the metals sector. As always happens after a strong rally in anything, traders begin to anticipate another leg up. They buy the first corrective move back down because they missed the initial rally, and they don’t want to miss the next one. This is the current setup in the […]
Weekly Economic & Political Timeline – 4/3/2016

Weekly Economic & Political Timeline – 4/3/2016

Last week’s speech by Janet Yellen determined the course of the major price movements within the Forex market, which in the end were against the U.S. Dollar. This week has a fuller schedule of releases, so we can expect a more volatile week. The highlight of the week will probably be the Tuesday / Wednesday […]
Gold Bull Case: Surge In Government Bonds With Negative Yield

Gold Bull Case: Surge In Government Bonds With Negative Yield

On March 31, 2016, the World Gold Council published a market update – Gold in a world of negative interest rates. The update provides some excellent information on how a significant portion of government bonds are trading with negative yields and presents a case for increasing investments in gold. The chart below that is sourced from […]
US Equity And Economic Review: Could We Rally From Here?

US Equity And Economic Review: Could We Rally From Here?

On Monday, the BEA reported income and consumption expenditures: Personal income increased $23.7 billion, or 0.2 percent, and disposable personal income (DPI) increased $23.7 billion, or 0.2 percent, in February, according to the Bureau of Economic Analysis.Personal consumption expenditures (PCE) increased $11.0 billion, or 0.1 percent.In January, personal income increased $72.7 billion, or 0.5 percent, […]
EUR/USD: Bullish But With Caution

EUR/USD: Bullish But With Caution

EURUSD: Although EURUSD remains biased to the upside, we envisage a move lower on correction in the new week. Support lies at the 1.1300 level. Further down, support lies at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will aim at the 1.1150 level. Conversely, on the […]