Author Archive: Jeremy Parkinson
When Gold Goes Well
To state that Gold is going well when it’s trading at half the market value it ought be is a bit of a stretch. In fact, as “bulled up” as Gold aficionados appear to be through these first nine trading days of the year, price being +2.5% is actually the second weakest “nine starting days […]
Silver Cycle Model Chart
2018.01.11 Silver Cycle Model Chart This is the same model, and I thought it might not converge since it took more iterations than average, but it clearly shows, if it is correct, that the price has reached a local maximum at the beginning of this year. Going forward, we should expect to see lower silver […]
Knowledge Base: Simple Cumulative Average
Using a simple cumulative average: as opposed to a simple moving average to compare the period in question (usually the current market, or a recent possible major low or high) with the prevailing trend or correction. Definition: Average of all closing prices from a designated starting point, which accumulates over time, as opposed to a […]
This Hasn’t Happened Since 2013…
Listen, people are running out of superlatives when it comes to describing the inexorable rally in equities. Wait, that’s not entirely true. Donald Trump isn’t running out of superlatives because his vocabulary consists entirely of superlatives. But outside of the President, people are literally at a loss for words. “Even if you were the bullest of […]
3 Reasons To Play Small-Cap Value ETFs Over Growth Ones
Investors are waiting with bated breath for small caps to turn around this year and cash in on the newly signed tax cuts. So, it is quite likely that they will be eager to know which theme to pick now — growth, value or blend. The tax bill cuts “the corporate rate from 35% to […]
EUR/USD: To 1.23? 1.30? Where Next After The Big Breakout?
EUR/USD rallied on the news about a German coalition, a somewhat bullish ECB and the great weakness of the US dollar, that failed to rally on good American figures. What’s next? Here are four opinions: Here is their view, courtesy of eFXnews: EUR/USD: Targeting 1.30: ‘It’s More A Question Of How, Not if We Get There’ – ING “The […]
Bitcoin Finds Support From Cumulative Average
On Friday, January 12, Bitcoin (XBT/USD) found support at $12,854.57 from its cumulative average (blue) of closing prices. The cumulative average starts with the secondary low (L2) of $5,664.87 on November 13, 2017 (all prices from Optuma, as shown): (Note the preceding lower low on December 22 of $11,179.30 is also identified by the squaring of the […]
Stocks Are Extremely Overbought
Stocks rallied again Thursday as the S&P 500 was up 0.7% and the Russell 2000 was up 1.72%. The S&P 500 is now up 3.45% year to date. That’s an amazing month of returns and we’re only almost halfway through January. The CNN fear and greed index is at 77/100 which is extreme greed. This […]
Is This The Long-Awaited Gold Breakout – Or Just Another Paper Market Head Fake?
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride. Now everybody’s asking the same question: Is this finally the start of the long-overdue run at gold’s (and silver’s) 2011 record high, or just a […]
GBP: Upcoming Inflation Data May Dent Bullish Uptrend
Sterling/GBP Talking Points: UK inflation data may derail the current Sterling rally in the short-term. GBP rally continues against the weak US dollar but the EUR remains the strongest currency. Fundamental Forecast for GBP: Bullish We remain buyers of GBP going into the third week of January but caution that the current move may hit resistance if UK inflation remains […]
