Gold Cycle Update- Oct. 21
Why has gold not fallen below $1000? What is the golden canary telling us? In short, the old heads out there know there is a yin for a yang. Currently the S&P 500 is screaming higher despite massive debt and a very low VIX. This won’t last forever, and the flip side could be very […]
Bonds Will Shape The Next Move In Stock Markets
Stocks take off to new all time highs on the back of financials. In this crucial weekend video newsletter update we look at the key areas to watch this coming week for the next move in the stock market. The most important is who will be the new Fed Chair which will drive the bond […]
Week In Review: WuXi AppTec Acquires US-Global Clinical CRO
WuXi AppTec, China’s largest CRO/CMO, will acquire a global clinical-stage contract research company, ResearchPoint Global, of Austin,Texas (see story). Founded in 1999, RPG has 450 employees in 60 countries spread out over Africa, the Americas, Europe and Israel. The company offers a full range of clinical CRO services to small and medium-sized pharmas. WuXi said the acquisition would extend its CRO network around […]
Is Pinterest Gearing Up For An IPO?
Launched in March 2010, Pinterest is a website and mobile app that gives its users the tools to discover, collect, and share items on boards they create. And the board possibilities, it seems, are endless. Want to eat and live healthier? Make a board filled with tips and recipes for doing just that. Love fashion? Create a […]
Silver Price At A Crossroad, Setting Up For A Big Move
Silver’s price kept investors watching in 2017. As usual, Investinghaven has been following and analyzing Silver’s price action very closely. It all started with our 2017 Silver price forecast that was featured on Marketwatch in April and later on in July this year. In April, Investinghaven published the following: Silver prices continued their downtrend this week. Silver peaked at $18.00 this week, and lost 4 percent […]
EUR: ECB To Announce Start Of Tapering, Will Avoid Any Surprises
Talking Points: Trading in the Euro will be dominated in the week ahead by Thursday’s meeting of the ECB, which will herald a tightening of Euro-Zone monetary policy at the start of the New Year. Elsewhere, Spanish politics are likely to be ignored. On the data front, attention will center on Euro-Zone purchasing managers’ indexes and the […]
Examining The Most Hated Bull Market Ever
From last week: “The seemingly “impervious” advance since the election last November, has had an interesting “stair step” pattern with each advance commencing from a breakout of a several month 3%-ish consolidation range. Furthermore, each advance then pushes to a 3-standard deviation extreme, black circles, of the 50-dma before beginning the next consolidation trading range.” The last […]
Economic Data And Forecasts For The Weeks Of October 23 And October 30
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of October 23 October 23 Chicago Fed National Activity Index -0.10% -0.31 -0.10 October 24 PMI Manufacturing Flash Index […]
E VIX In Engulfing Bullish Pattern; SPX Throws Over Cycle Top Resistance
VIX created a bullish engulfing pattern in which the highs and lows exceeded the prior week with a weekly close above last week’s closing high. A buy signal awaits it above Intermediate-term resistance at 10.79, with further confirmation above weekly mid-Cycle resistance at 14.69. It has an inverted Head & Shoulders formation that, when triggered, […]
Greenback’s Recovery Is Intact
The prospect of tax reform and a Fed hike in December, with expectations of more next year, helped lift the dollar broadly last week. Although the Japanese election and ECB meeting lie ahead, the fundamental backdrop for dollar looks constructive.The technical condition is also favorable, especially on the weekly charts. The Dollar Index continues to appear to […]
