We already knew from our look at the end of month Daily Treasury Statement that October withholding taxes were bad news for the US economy. Now the monthly data on excise taxes from the Monthly Treasury Statement for October, released this week, has more bad news.
For gold’s outlook to remain bullish, there’s a level that it must not violate. There are still two long picks in the mining stocks, but they have stops that you should honor if they’re broken.
The apparent 6 month cycle upturn remains intact, but here’s why bears can still be expectant and bulls need to protect their assets.
Gold is in a consolidation. Here’s what will signal the next leg up.
Cycle screening measures improved enough last week to hint at an intermediate upturn. We were looking for that so, it all looks good.
Withholding tax collections fell in October. The weakening trend since the tax cut resumed after a brief respite in September. That has all kinds of implications. Here’s what they are, and what they mean to the markets and your investments.
What little banking system growth there was in Europe has stalled. The data tells a chilling story that’s terrible news for the US stock market. This report explains why and what it means for your portfolio.
Gold is setting up to either crash again, or signal an end to its bear market. Here are the benchmarks and triggers to watch.
Long term indicators are now signaling a bear market. But the short run could be a different story. Here’s what to look for this week, including the triggers that could accelerate the crash.
Demand for Treasuries at the regular auctions has risen by slightly more than the increase in new issuance lately. But yields continue to trend higher because selling in the secondary market has outstripped demand. With total systemic liquidity waning thanks to the Fed and its central bank cohorts, this is also bad news for stocks,…