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Unmasking The Voodoo: Chart Patterns

Unmasking The Voodoo: Chart Patterns

If you are not a charting aficionado you might think that trying to predict future price movements from past price movements is pure folly. And guess what? You would be right. What? Did I just say that? Well, yes I did but there is more to it than the simple answer. We cannot predict price movements […]
Gold Elliott Wave View: Double Three

Gold Elliott Wave View: Double Three

Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a double three Elliott wave structure. As the structure of the 10/16 peak looks to be overlapping, hence suggesting its corrective structure, either W, X, Y or W, […]
Bond Kings And The Future(s)

Bond Kings And The Future(s)

Maybe there is hope for the media yet. The benchmark 10-year US Treasury bond yield has passed above 2.40% for the first time in several months. In the past any similar move or technical breakout of the like was met with uniform screeching about a BOND ROUT!!! This time, however, commentary appears at least to […]
Bonds Dip And Flip Financials

Bonds Dip And Flip Financials

Stocks sold-off nearly 1% this morning before recovering half those losses by the close. It’s hard to point to one specific reason for the sell-off because there are lots of risks on the table. Whether or not tax cuts get through and who will be the new FOMC chair are among the top of the […]
Lengthy Unemployment Hurts Workers’ Pay At Next Job

Lengthy Unemployment Hurts Workers’ Pay At Next Job

from the St Louis Fed Laid-off workers tend to earn less at their new jobs than their old ones. A recent Economic Synopses essay explored the reasons for this and whether the reduction in earnings worsens the longer a worker remains unemployed. The fact that many unemployed workers end up in lower-paying jobs conforms to economic theory, according […]
Retire On Less Than One Bitcoin A Month?

Retire On Less Than One Bitcoin A Month?

For the last month or so I’ve been geeking out on cryptocurrencies and blockchain. I’ve done a lot of reading and listening (podcasts) to try to learn more. I’ve become convinced that blockchain is the real deal in terms of how the financial system evolves and that the concept of cryptocurrencies is also the real deal. For […]
U.S. Deep-Water Offshore Oil Industry Trainwreck Approaching

U.S. Deep-Water Offshore Oil Industry Trainwreck Approaching

The U.S. Deepwater Offshore Oil Industry is a trainwreck in the making. The low oil price continues to sack an industry which was booming just a few short years ago. The days of spending billions of dollars to find and produce some of the most technically challenging deep-water oil deposits may be coming to an […]
Tesla Starts A Whole New Round Of Mass Firings, This Time At SolarCity

Tesla Starts A Whole New Round Of Mass Firings, This Time At SolarCity

Poor Elon Musk really, really can’t catch a break. Just over the past couple of weeks he’s been forced to push back his Model 3 delivery schedule due to some “production hell” issues (like not knowing how to weld…a fairly critical component of auto manufacturing), got one-upped by Daimler who beat him to the punch by revealing […]
Bull Trap In S&P?

Bull Trap In S&P?

The week started with some profit taking which extended through to today. The only index to be negatively impacted by this was the S&P. Whether today’s selling, which undercut former channel resistance to leave a ‘bull trap’, turns into anything significant to worry about remains to be seen. Recent trading volume has favoured buyers, with On-Balance-Volume […]
Agriculture Markets Report – Wednesday, Oct. 25

Agriculture Markets Report – Wednesday, Oct. 25

A review of the day’s trading in the agriculture markets. Video Length: 00:15:50