Blog Update Last Thursday our webmaster attempted to upgrade our blog to the latest software level and in the process encountered difficulties. As such we had to retrieve our blog posts from the last four years from backup files. The…Continue Reading →
Implementation of a Macro Strategy 1. Implementation of a macro strategy involves, first a fundamental model of factors, secondly a reliance on macro relative strength indicators, and lastly a view of macro chart patterns. Moving average indicators, a core ingredient of…Continue Reading →
Big Stakes: Inflation or Deflation A betting person would say that the chances of deflation replacing inflation are very low after years of an inflation based Federal Reserve Monetary Policy, in fact the gold market is saying that the probability is…Continue Reading →
Gold lovers seem to be a bit excited with recent action but our view is that this market is still wandering around in the range established in the fourth quarter of 2011. The highs and lows of that period after…Continue Reading →
Today, we are seeing the short bond ETF TBT and stock ETF’s like SPY and QQQ making higher highes, lower lows, and what will probably be lower closes. More importantly the summer rally on extremely light volume is at the end. The…Continue Reading →
As they often say, there are a lot more middle class people than any other group. Now they have to finish the job that the markets started in 2008. They have to firmly entrench and expand the reforms started and…Continue Reading →
As all regular readers know, outside of my own analysis, I like to read John Mauldin and John Hussmann’s weekly comments, see links section. John Hussmann has a good article out this week, see here: http://hussman.net/wmc/wmc120702.htm The market in the…Continue Reading →
Some progress in Europe and end of quarter plays will dominate today. This does not change the big picture that we have outlined previously. The big anticipated moves for the rest of the year are long dollar and short gold…Continue Reading →
The one percenters and the cries about uncertainty got its first knockdown with Supreme Court decision on ObamaCare. Now if we can get something like Simpson-Bowles and bring balance back to the economic picture, things will start looking better. All 0f…Continue Reading →
The widespread drought could put ag commodities in play. This would be special situation and probably short lived rally as the world monetary demand dynamics are moving towards a deleverage cleanout. We are watching the ag DBA ETF, a close above…Continue Reading →