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Not too many places, as you can see at a glance: Today, as usual, most markets were highly correlated. (Source: Barchart.com) But a big tip of the cap to gold and silver, which each put in strong days – gold set a new all-time intraday high near open, while silver closed at a 31-year high. […]
Repeat after me: “They are still all the same markets!” There’s the US Dollar – and then there’s everything else. And the dollar, just days after QE2 was announced, turned up in sharp fashion. Some final nail in the coffin that was! It appears this is STILL the only chart we need to watch. (Source: […]
I gotta admit – the markets almost had me! It looked like the Dollar was never going to turn around. And then QE2 was announced, which obviously could ONLY be bearish for the dollar, and ONLY bullish for stock prices. Not to mention the metals, which were sure to do moonshots in short order. A […]
I think our pal Brian Hunt hits the nail on the head in his DailyWealth piece– he talks about the only thing you need to consider right now when placing a trade: Knowing whether it’s “risk on” or “risk off” is the single biggest factor in any trade you make right now… If you’re long […]
Well, it’s about time! The dollar is AT LAST starting to “show some signs”, as play-by-play guy Marv Albert would say: Source: StockCharts.com At the beginning of this month, we listed 3 reasons the dollar was due to rally. Reason #1 was an intermediate term trend that appeared to be heading up since 2008: Since […]
Many of us here have been anticipating a dollar rally that would kick off an explosive move to the upside for the buck. Perhaps a short term move, perhaps a more significant event that could bring another wave of deflation to the asset markets (hey, remember deflation?) I was reading Bob Prechter’s latest newsletter yesterday […]
Happy Groundhog Day! And don’t try telling me otherwise – at least as far as the markets are concerned. Everyday the S&P 500 creeps higher – as does gold, silver, and what the hell, even the Euro! Is Punxsutawney Phil nearby? Let’s start with the S&P, which has bounced several times off the 1040 mark, […]
Since it feels like we may be at a major turning point in the markets, I thought it’d be useful to review our current outlook with regards to the various key markets. As always, please take these musings with a grain of salt – I’m just an armchair trader and blogger, after all! The Dollar […]
I was listening to Jim Puplava’s Financial Sense Newshour this morning while cooking breakfast – it’s one of my “old man” traditions, there’s nothing better than cooking up an omelet while getting a technical rundown of the financial markets! As usual, his technical analyst guest was fantastic. This week it’s Ronald Griess, founder of The […]
You can run, you can rally on low volume, but ultimately you can’t hide from deflation! Today the Deflation Bird digested and ultimately pooped on the lame FOMC statement issued yesterday. It will take more than that, says our feathered friend, to stave off the ravages of deflation. It was one of those now “all […]
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