With the rally to 1680 area on the S&P, decline to 128-22 on the December T-bond futures, and the decline to 1325 on gold, we have seen all of our position maximizing points hit. The completed long cycle positioning of…Continue Reading →
Just a reminder. The Fact that Summers is even considered was our main reason to buy gold a few weeks ago. http://www.realclearpolitics.com/2013/07/16/why_summers_should_not_be_next_fed_chairman_311651.html
The trading range in the S&P 500 which we have outlined numerous times before and where we expect most of the trades to occur during this topping process is 1587 to 1662. Outlier trades can broaden the range to 1555…Continue Reading →
At the moment this is a purely techncial call. It seems like we have been long the dollar forever and it has gone up some from our entry levels. The problem is; that from a long term momentum basis it…Continue Reading →
Yesterday the S&P 500 stayed above the crucial 1539 level on a closing basis. So everything must be ok again. Ben probably was cooking up something overnight. Just keep in mind that gold started going down without an event, why…Continue Reading →
Investors appear to be following what they have been taught, selling their losers over the last 18 months, gold, and keeping their winners over the last 18 months, stocks. In this case however, at a major market junction I would…Continue Reading →
Overnight the stock indexes caught a sell but this morning the happy talk people are back at buying. And guess what, they bought gold just in case they were in trouble. So where are we, in my opinion until the…Continue Reading →
The market now has its base numbers for the pre-austerity period. It will probably take about three months for the austerity effects to start showing up. The corporate CEO’s have now bought into a recovery mood, that is a significant piece…Continue Reading →
Will Bernanke cave in to Congress again, or will he call a spade a spade. All of you know well that I believe Bernanke has made the problem much worse with QE2, QE3, and whatever you call the version we…Continue Reading →
As in years past, we like to let the year provide a little peak before making the yearly forecast and projections. Note that this blog was first published on January 22, 2008. Our Annual Forecast will be presented in the…Continue Reading →