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Gold And Silver Showing Subtle Inflection Points

Gold And Silver Showing Subtle Inflection Points

There were subtle signs of topping on Thursday as Gold and Silver both formed Doji’s (cross-like formations). This candlestick pattern sometimes appears near cycle inflection points. GDX rallied to the 200-day MA and subsequent BreakPoint. However, prices failed to close above these critical levels. The March rally has reached the maximum retracement level for a […]
Run Up To The French Elections, Chinese GDP And Post-Easter Energy

Run Up To The French Elections, Chinese GDP And Post-Easter Energy

The third week of April begins with vacations in many places in the world. But after traders return from their Easter weekend, volatility is expected to rise. Chinese GDP, US housing figures and UK retail sales all play second fiddle to France. The first round of France’s first round of the presidential elections will provide […]
S&P 500, DAX & FTSE 100 Could Be In For A Tough Week

S&P 500, DAX & FTSE 100 Could Be In For A Tough Week

What’s inside: S&P 500 heading for a lower low in a developing bearish sequence DAX treading dangerously close to a breakdown FTSE 100 also on the verge of cracking S&P 500 Most major global markets were cut short a day last week in observance of ‘Good Friday’ prior to Easter Sunday. In the week ahead, the economic calendar is quite […]
Trying To Save Monte Paschi – Oldest Bank In The World

Trying To Save Monte Paschi – Oldest Bank In The World

The EU Commission is looking to bailout Monte Paschi by eliminating more than 5,000 jobs. The Monte Paschi plan that was presented last October called for 2600 layoffs. It is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets. This makes it a critical bank in Italy. It has […]
EURUSD: Bearish, Retains Its Downside Pressure

EURUSD: Bearish, Retains Its Downside Pressure

EURUSD: With the pair continuing to retain its downside pressure, more weakness is expected in the days ahead. Resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. […]
Uh-Oh. Core CPI Posts First Decrease In More Than 7 Years

Uh-Oh. Core CPI Posts First Decrease In More Than 7 Years

Well, what did we say on Thursday evening? You need to keep a close eye on the bursting US auto bubble because while you’ll hear plenty of folks explaining how “contained” it is or how unlikely it is to become “systemic,” you’re going to see references to it popping up everywhere you look over the next six […]
Sorry, Goldman: The Loan Collapse Is Real

Sorry, Goldman: The Loan Collapse Is Real

Two weeks ago, in order to preserve Goldman’s happy narrative that US growth is still strong (which is ironic because while on one hand Goldman tells its clients to buy the dollar, at the same time it tells Trump to short it), Goldman tried to justify the apparent collapse in loan growth, which as we Goldman tried to […]
Beware Of Delusional Market Timers

Beware Of Delusional Market Timers

This past week has seen a lot of whipsaw. But, from an Elliottician’s perspective, it was to be expected, as the market has been tracing out a b-wave within a corrective 4th wave structure. This is the most variable segment within Elliott’s 5 wave structure, and typically acts just as we have seen over the […]
Can Self-Driving Cars Ever Really Be Safe?

Can Self-Driving Cars Ever Really Be Safe?

Analysts estimate that by 2030, self-driving cars and trucks (autonomous vehicles) could account for as much as 60 percent of US auto sales. That’s great! But autonomous vehicles are basically computers on wheels, and computers crash all the time. Besides that, computers get hacked every day. So you gotta ask, “Can self-driving cars ever really be […]
E
                                                
                        A Lesson In Insolvency

E A Lesson In Insolvency

Many different types of insolvency proceedings exist, including receivership, protection under the Companies’ Creditors Arrangement Act (CCAA), and bankruptcy. But, what are they and how are they different? According to Jeffrey Carhart, partner at the law firm Miller Thomson, perhaps the simplest way to understand the differences is to think about who is “in control” […]