Gold smashed a minor support level this morning. This report shows how that affects the intermediate and longer term outlook.
The market has seemed to be at an inflection point almost every day lately. With Friday’s slight strengthening in cycle screening data, Tuesday will be no exception. Here are a few keys to the likely direction of the inflection, the hope for the slope, the size of the rise, or the line of decline.
It was an impressive performance. Stocks and bonds held up remarkably well this week in the face of an enormous supply of new Treasury paper.
A couple of shorter term cycles are juxtaposed, with internal indicators softer, but intermediate targets suggest more upside. How should we resolve the conflicting indications?
Gold has held at support but remains in the middle of its downtrend channel. Here’s what it needs to do to break out and for precious metals stocks to sustain a rally, along with two picks that look well positioned to participate if there is one.
Short term cycle screening measures are on unequivocal sell signals. But what about the intermediate term?
The uptrend became a little iffy today. The market has a line in the sand, which if it crosses, will probably lead to a sharper drop. But if it holds, new highs would probably be just around the corner.
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
Gold is showing some bounce this morning. Here’s what that means in the big picture, along with a couple of precious metals stock picks that could lead the way in an upturn.
Cycle screening measures were again a little weaker as the market approaches a few days when liquidity will be weaker.