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The Anatomy Of The Recent Gold Sell-Off

The Anatomy Of The Recent Gold Sell-Off

For the arrow to fly, the bow must be pulled back. Gold is in a pullback at the moment. More from RTT Tv   Main chart in video. Click for popup. Clear your browser cache if image is not showing.  
Oil And Gas – Canadian E&P Stock Outlook: Signs Of Tailwind

Oil And Gas – Canadian E&P Stock Outlook: Signs Of Tailwind

While oil production is surging in Canada, the country’s exploration and production (E&P) sector has remained out of favor, primarily due to the scarcity of pipelines. In short, pipeline construction in Canada has failed to keep pace with rising domestic crude volumes – the heavier sour variety churned out of the oil sands – resulting […]
Above The 40 – Another Picture-Perfect Rebound Ends Stretched Conditions

Above The 40 – Another Picture-Perfect Rebound Ends Stretched Conditions

The recovery from the February swoon has been full of nearly predictable bounces: whether it was oversold trading conditions or support at the 50 and 200-day moving averages (DMAs). Such moves are the hallmarks of a bull market. At some point these bounces will not work. Last week was not that week. The 2800 level […]
What Is The Short-Term Trend?

What Is The Short-Term Trend?

MON Sector Strength – TUE Rates – WED Medium-Term – THU Commodities Currencies – FRI Sentiment – SAT Longer-Term What is the short-term trend? None of the downturns seem to want to take hold as shown by this chart below of the SPX equal-weight. I sure don’t see a downtrend in this chart. The market […]
Economic Data And Forecasts For The Weeks Of August 20 And August 27

Economic Data And Forecasts For The Weeks Of August 20 And August 27

Here are my forecasts for upcoming economic data.         Forecast Prior Observation     Week of August 20         August 22         Existing Home Sales – July 5.509M 5.380 5.425             August 23         Initial Unemployment Claims 215K […]
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                        AudioCodes’ Voice Over Internet Phone Use Expands With Net Usage

E AudioCodes’ Voice Over Internet Phone Use Expands With Net Usage

Today I’m reviewing a small-cap communication equipment firm by the name of AudioCodes Ltd. It’s trading ticker symbol is AUDC. AudioCodes Ltd is a Voice-over-IP technology company providing advanced Voice-over-IP, converged VoIP and Data networking products and communications applications for Service Providers and Enterprises. It has offices in more than 20 countries. The company primarily markets […]
Bully Boys

Bully Boys

I spent Friday evening thumbing through the index charts, and I’m afraid I will offer the same overall conclusion I had a couple of weeks ago: specifically, that the markets were poised to blast off. Mercifully for the one or two bears left on the planet, the last time I speculated about this possibility, Turkey, […]
The Bullish Case For Gold: Indicators Suggest Gold Has Laid The Groundwork For A Substantial Rally

The Bullish Case For Gold: Indicators Suggest Gold Has Laid The Groundwork For A Substantial Rally

For those who care about gold such as myself, in the just released CFTC data for the week ended Tuesday, speculators went net short for the first time since December 2001 when gold was priced at $275 an ounce. It’s tough to find a more contrarian indicator. Peter Boockvar “They run all away, and cry, […]
Trump ‘Boom’ Sparks Record-Breaking Backlog Of Big Rigs

Trump ‘Boom’ Sparks Record-Breaking Backlog Of Big Rigs

Thanks to strained manufacturing supply chains and a booming economy, an unprecedented run of orders for new big rigs has nearly doubled the backlog at truck factories to nine months, according to the Wall Street Journal, citing industry analysts.  North American freight-haulers ordered over 300,000 Class 8 trucks through July of this year, and are on […]
Squirrels

Squirrels

  I had suggested last week that a retest of support at 2800 would be a possibility as the market had gotten very overbought as it approached the January highs. “With moving averages rising, this shifts Pathway #2a and #2b further out into the August and September time frames. The potential for a correction back to support before […]