Major Gold-Stock Breakouts
The gold stocks are off to the races again, with big gains mounting. They just staged major breakouts, shattering a vexing consolidation that had trapped them for an entire year. Such momentum early in gold’s strong season is a very-bullish portent. As higher prices improve both technicals and sentiment, buying begets more buying. With gold-stock […]
Deflation And The Markets: Are Deflationary Forces Here To Stay
Machines are worshipped because they are beautiful and valued because they confer power; they are hated because they are hideous and loathed because they impose slavery. Bertrand Russell Manufacturing output continues to improve, even though the number of manufacturing jobs in the U.S. continues to decline and this trend will not stop. While some jobs […]
Value ETFs & Stocks To Beat Market Volatility
The stock market has been on a stellar ride this year courtesy of a pickup in global economic activity, robust corporate earnings, and rising consumer confidence. But bouts of volatility and uncertainty have threatened the bull run lately. This is especially true as United States’ tensions with North Korea reached an alarming stage that could […]
AUD/USD Breaks Above 0.8065 Resistance
AUDUSD extends its bullish movement from 0.7871 to as high as 0.8095, breaking above the previous high resistance at 0.8065. AUD/USD 4-hour Chart On the upside There is a bullish trend line with support at around 0.7990 on the 4-hour chart. There is also another bullish trend line on the daily chart now at 0.7930. […]
Confident Dudley Expects Rate Hikes Will Continue, Hurricane Effect To Provide Long Run “Economic Benefit”
New York Fed president William Dudley expects the Fed to proceed with its asset reduction plan at the September FOMC meeting. Dudley is upbeat on economy’s underlying trajectory and claims Hurricanes May Have Temporary Effect on Hike Timing. Federal Reserve Bank of New York President William Dudley said back-to-back hurricanes in the third quarter could temporarily […]
Get Ready
Over the past two weeks, my market health indicators have bounced around a bit and while doing it have been compressing near the zero line. When this happens, a strong move often follows. At the moment, the odds favor the bulls. Get ready for a rally.
The Silver Economy
The global pension crisis is possibly the biggest issue facing policymakers and CEO’s alike today. Earlier this year research showed that US cities and states face a $3.9 trillion gap in their pension funding obligations — an entirely unsustainable funding shortfall. In Chicago, for example, it’s estimated that the pension deficit is equal to 19 years of the city’s tax revenues. […]
USD/JPY And AUD/USD Forecast – Friday, Sept. 8
The US dollar fell precipitously against the Japanese yen and of course, several other currencies around the world, and as we broke down below the 108.50 level, that was a very bearish sign. At the end of the day, it looks as if the area is trying to hold, but the fact that we broke […]
Equifax Hit With $70 Billion Lawsuit After Leaking 143 Million Social Security Numbers
One day after Equifax announced (more than one month after it itself had learned) that its systems had been hacked, resulting in up to 143 million social security numbers, names, addresses, driver’s license data, birth dates, some credit card numbers and pretty much all other critical personal data being leaked and currently for sale somewhere on the dark […]
Let The Ball Come To You
I sucked at baseball when I was younger. It wasn’t because I was physically incapable of playing baseball. It was mainly because I was undisciplined and tried to do too much. For instance, I was a decent right handed hitter, but I spent half my time practicing left handed. Baseball is hard enough as it […]
