Apparently the bulls have eaten all the stock turkey they can, now that they face having to pay for $100 billion in new Treasury paper over the weekend. Indicators are still mixed, with the guidance from cycle projections pointing to 2135 and 2170. Here’s why I’m not buying it.
Gold needs a solid uptick today to break the short term downtrend channel and end the risk that it will plunge to the latest 13 week cycle projection. This report covers the key benchmarks to watch, and likely price targets depending on whether gold clears trend resistance.
Cycle screening measures were mixed again on Tuesday. While the aggregate measure had a slight gain, there were hints that all was not well with the uptrend.
The market now only needs to close above 2094 to break the short term downtrend to reignite the uptrend. That would put the latest 6 month cycle projection in play as a viable target. This report covers the keys to whether that will happen, and the price target if it does.
The recovery rally in stocks in October was a direct result of Treasury paydowns, which was a temporary effect. That has been reversed as the debt ceiling was raised and the Treasury returned to the market with a vengeance, pounding it with $310 billion in net new supply since the end of October. $100 billion…
Gold continues to threaten another breakdown. This report shows you the benchmarks to watch and the likely targets of a breakdown.
Cycle screening measures were mixed on Monday.
But the question is whether they will get it. Cycle projections still point higher but resistance is holding. This report covers the critical benchmarks to watch as signs for what to expect next.
The growth rate withholding taxes softened slightly last week. The Treasury supplemented its income with massive new debt offerings raising its cash on hand to a record level. In spite of that, the markets barely sagged, with fixed income taking the brunt. This report covers the details on government revenues and cash levels for the…
Gold is again threatening to break the bear market low this morning after last week’s weak bounce. This report covers the benchmarkst that it and the gold miners index need to clear to be out of danger, and the likely targets if they break down.