If it wasn’t before, it is definitely a slump now. The National Association of Realtors (NAR) said today that the sales of existing homes across the US in September 2018 fell more than 3% seasonally-adjusted from August. At just 5.15 million (SAAR), that’s the lowest volume in almost three years. Hurricane Harvey had managed to […]
Yes, the REAL effective Fed Funds Target Rate has gone POSITIVE … for the first time since 2008 and tbe beginning of The Fed’s quantitative easing.
It must be Janet Yellen and Lael Brainard singing to create inflation!
The Mandate of Heaven will be withdrawn, and the autocratic regime overthrown.The absolute confidence that China’s political structure is permanent and forever is reminiscent of the absolute confidence in the 1980s that the USSR’s political structure w…
The Steering Committee for the International Monetary Fund (IMF) warned last week that tighter financial conditions globally are a risk. A bit late perhaps, but that’s how these things go. You can tell matters are serious when Economists are shaken out from their global growth slumber. The IMF wants everyone to know that this could […]
A recent MarketWatch post by Ashoka Mody, @AshokaMody, detailing the absurdities of the IMF growth forecasts is a great read (see https://www.marketwatch.com/story/the-imf-is-still-too-optimistic-about-global-growth-and-thats-bad-news-for-investor…
A world without opportunity is a far more dangerous one than a world only temporarily stripped of it.
Pimco’s monthly update for October 2018 published earlier this week contains a handy table, showing the markets changes in key asset classes since September 2008, mapping the recovery since the depths of the Global Financial Crisis.The table is a revea…
Well, ain’t this a kick in the head.
US existing home sales YoY fell for the seventh straight month, -4.10% in September.
Existing home sales median price YoY has cooled to 4.2% YoY while inventory remains below the long-run average/
Is Fed Cha…
Last week and so far this week, the price of gold has also traded above the 9-12 month cycle moving average. These are both signs that those cycles have bottomed, and are poised to turn up. Gold must now close above the high of the range of the past 4 weeks of 1215 to confirm a tradable upturn in those two cycles. If it does, it could be off to the races.
I suggested a couple of low risk plays to participate in a rally.
Both gold itself, and the mining stocks have since had a nice move.
The post If Gold Crosses This Line, It’s “Off to the Races” appeared first on Lee Adler’s Sure Money.
The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009.