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There Is Nothing Cryptic In The Cryptocurrencies Crash

There Is Nothing Cryptic In The Cryptocurrencies Crash

Crypto land has taken a good beating this week…so far all major cryptocurrencies are strongly negative for the week, in some cases losing more than 15% just for this week. Major technical breakdowns have occurred and traders using technical analysis would have been saved if they followed basic trading rules. But this is not the […]
Is This The Best Time To Buy Bitcoin? Red Wave Attacks Crypto Market

Is This The Best Time To Buy Bitcoin? Red Wave Attacks Crypto Market

A red wave attacked the cryptocurrency market right before the Bitcoin Cash hard fork that I talked about a few weeks ago. Bitcoin Cash (BCH) saw the steepest losses in the top ten cryptocurrencies, losing over 15% by the end of Wednesday’s New York trading session. Bitcoin (BTC) tested below the $6,000 psychological support level […]
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                        Canadian Growth And Inflation Are Trending At Around 2%

E Canadian Growth And Inflation Are Trending At Around 2%

Canada’s monthly GDP statistics tend to be quite volatile and are never quite up to date. Over the three months ending August, Canada’s monthly GDP was expanding at a rather slow 1.3% annual rate. However, when calculated over twelve months, GDP growth was a much more satisfactory 2.5%, with goods production exceeding the growth of […]
Majority Of Silver Miners Sustaining Cost Significantly Higher Than Market Price

Majority Of Silver Miners Sustaining Cost Significantly Higher Than Market Price

The Primary Silver Miners latest results were quite dismal as their All-In Sustaining Costs to produce silver was considerably higher than the market price. Many of the silver miners’ production costs increased in the third quarter of 2018 due to higher energy, material, and labor costs. Only one silver mining company out of the group […]
The Obvious Politics Of Downturn(s)

The Obvious Politics Of Downturn(s)

There was more than enough evidence that QE didn’t work fifteen years ago. The Japanese had accumulated these monetary experiments at the dawn of the 21st century. And there was even a time when US and Western central bankers were skeptical. What happened was 2008; a dislocation so big and widespread they had no choice but […]
The Energy Sector Could Be In For Some Reversals

The Energy Sector Could Be In For Some Reversals

Chris Vermeulen, Founder of The Technical Traders, shares his thoughts on the energy sector. With Oil in full breakdown mode, it is at strong support so a short-term reversal could be in the near future. As for natural gas, it is trading at levels not seen since 2014. A reversal here is also very possible. […]
What Amazon Said, What Amazon Meant

What Amazon Said, What Amazon Meant

In September 2017, Amazon announced that it was planning to set up a second headquarters. It published a “Request for Proposal” that began: Amazon invites you to submit a response to this Request for Proposal (“RFP”) in conjunction with and on behalf of your metropolitan statistical area (MSA), state/province, county, city and the relevant localities therein. Amazon […]
Crude Oil Enters Bear Market As Low Demand Looms

Crude Oil Enters Bear Market As Low Demand Looms

In October, the price of Brent crude oil jumped to a high of $86.70. This was the highest level in more than four years. The reason for the increase was that Iran sanctions were expected to start in November. Therefore, investors expected that an exit from the oil market would reduce the amount of crude […]
November’s Sell-Off, Much Different Than October’s Sell-Off

November’s Sell-Off, Much Different Than October’s Sell-Off

October’s sell-off had plenty of drama. Headlines and tons and tons of volume and extreme oversold readings on pretty much every indicator that ever existed.  November hasn’t been anything like that, which has been what has made it so complicated. The breadth has not been bad at all. In fact, the T2108 indicator, which measures […]
Natural Gas Goes Ballistic

Natural Gas Goes Ballistic

It was a natural gas trading day for the record books, as the December natural gas contract shot around 18% higher on the day for the largest move since February 2003.  For the third day in a row, the March contract led the day higher, though to a lesser extent today.  Colder forecasts were a […]