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What About Last Time?

What About Last Time?

Lifetime highs are tricky beasts, because it’s difficult to assess just how much higher values will climb since, by definition, you are in uncharted territory. The psychology is obviously very positive, since all equity buyers are winners, and that tends to feed on itself. But I was curious if there was any portion of market […]
This Is What Gold Would Look Like If We Could Kill The Gold Cartel

This Is What Gold Would Look Like If We Could Kill The Gold Cartel

No sooner did I post this than gold was hit with a 25,000 contract attack. The position limit is supposed to be 3000. I did warn to be cautious this week ahead of OEX and the rate hike next week. That being said the miners have completed a weekly swing and even though they are […]
The Great Tweeter

The Great Tweeter

President Donald Trump stopped the oil rally in its tracks after tweeting that “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices. We will remember. The OPEC monopoly must get prices down now!” Yet, […]
Yen Pairs Reveal Market Sentiment

Yen Pairs Reveal Market Sentiment

A quick look at the yen ahead of the weekend and Monday’s national holidays in both Japan and China to see which of the yen pairs we follow have performed the strongest this week as positive market sentiment continues to hold despite trade tariff tensions, a variety of geopolitical issues, and for us here in […]
Don’t Look Now, But Chinese Stocks Just Logged A Monster Weekly Gain

Don’t Look Now, But Chinese Stocks Just Logged A Monster Weekly Gain

The Shanghai Composite went into this week sitting near its 2016 low, a level authorities have been keen on defending this year amid the ongoing malaise in Chinese equities, which have been mired in a bear market thanks in no small part to the sour sentiment that’s accompanied the trade conflict between Beijing and Washington. Oh, what […]
WTI Crude Oil And Natural Gas Forecast – Friday, Sept. 21

WTI Crude Oil And Natural Gas Forecast – Friday, Sept. 21

WTI Crude Oil The WTI Crude Oil market rallied during the day on Thursday, and even broke to a fresh, new high but then turned around to show that we still have a significant amount of resistance above. However, I believe that we are continuing to see buyers jump in on dips, and it’s likely […]
XRP/USD Targets 0.5252 As The Ripple Rally Continues

XRP/USD Targets 0.5252 As The Ripple Rally Continues

Ripple is on fire, enjoying a spectacular recovery. There are three levels for the 40% jump, and the move may not be over just yet. What levels should we watch? The Technical Confluence Indicator shows that an initial target is at $0.4817 which is the convergence of the four-hour high, the Bolinger Band 15-Upper, and the 1h-high. However, this […]
Walmart Warns It Will Be Forced To Raise Prices Due To Trade War

Walmart Warns It Will Be Forced To Raise Prices Due To Trade War

One of the reasons why the US economic response to Trump’s trade war with China had been lukewarm at best, is that US consumers had not been subject to any of the inflationary consequences of the escalating tariffs between Washington and Beijing. That, however, is about to change: overnight Walmart issued a warning in a […]
E
                                                
                        Markets: Stampede

E Markets: Stampede

The running of the bulls in equities grabs headlines overnight with China up 2.5% leading the story. Perhaps the more important story is about the ground underneath as the weaker economic data from flash PMI reports seems at odds with the US growth story. Similarly, the US rate differentials clash with the weaker USD. Nevertheless, […]
Weekend Reading: What’s The Magic “Yield” Number?

Weekend Reading: What’s The Magic “Yield” Number?

An interesting thing has begun to occur in the market which is more a symptom of exuberance than prudence as there seems to be nothing that can derail the market advance to new highs. However, as Doug Kass noted recently in his diary, the ingredients to shock market participants are already in place.  Speculative activity […]