Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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On Buying GDXJ and GLD Here
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
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S&P Cycle Projections Target 1500 By May
The 10-12 month cycle projection has surged and now points to a range of 1460-1530 due between now and May. This report explains how I can still have a position that is contradictory to that analysis, with the possibility that both views may turn out to be correct… or not.
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Iran + LTRO + Oil = Crash
Find out why Russ Winter of Winter (Economic and Market) Watch this the market will crash within weeks, as he, ML-Implode’s Aaron Krowne and the Wall Street Examiner’s Lee Adler have a lively debate over the possibilities, and Lee tells why he thinks Russ is wrong, and the market has more upside. This is...
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Greek Politics Turning Against Debt Slavery
Paul Mason of BBC has done yeoman work about what’s going on within Greece. In particular he offers commentary on the political response in Greece. No wonder the EU wants to “postpone” elections. Polls indicate that far left parties are going to be swept in. It is hard to imagine that this won’t just intensify. These...
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ECB To Pinch Hit During Fed Quiet Time, But Market Expects It
The Fed settled a huge chunk of its forward MBS purchase contracts last week, adding significantly to market liquidity while confronted with moderately heavy Treasury supply. It was enough to keep the stock pot simmering, while Treasuries sagged. It was also enough to boost systemic liquidity generally. The next big Fed purchase probably won’t...
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The Chess Game with Iran
The enemy of the conventional wisdom is not ideas but the march of events. - John Kenneth Galbraith The western embargo against Iran’s oil seems to be running into a buzz saw. The success of any embargo will be conditioned on two variables: 1) whether Saudi Arabia can quickly ramp up production to meet European demand,...
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SPX Aims for 1430, Here’s Why and What Might Stop It
The market continues to trend weakly higher. Cycle indicators have become all but worthless in the process. All that’s left is to follow the bouncing ball as it rolls uphill along the trendlines, until it doesn’t. All intermediate cycle projections now point to 1420-30. It’s pretty simple from here.
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Primary Dealers Prepare to Abandon Ship
The bulge in tax withholding has ended and so has the brief semi-vacation from huge Treasury supply. That will make conditions a little tougher on the Treasury bulls. Also making it tougher will be the likelihood of a normal cyclical downturn in foreign central bank buying due over the next few weeks. A recent...
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Consumer is Gassed Out
In the consumer economy, gasoline demand has strangely collapsed. I have always felt this was a solid indicator of consumer behavior, and still do. At a core level I sense that in reality the consumer is MIA. As you can see the normal seasonal pickup in driving is barely registering. At the same time a...
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You Know You’re in a Bull Market When…
You know you’re in a bull market when the indexes plow through one sell signal after another and just keep trending higher, which is what this market is doing. Intermediate cycle projections continue to point to higher levels. This report examines how much higher, and what to look for to indicate that it might...
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Gold Heads For Buying Opportunity
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
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Synchronized Move Developing, But How Far Will It Get?
Synchronized down phases may be developing in 4 week through 13 week cycles but we don’t know what shape they will take. Here’s what to look for.
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End Game For Treasuries, End Game for US Politics as We Know It
Russ Winter of Winter (Economic and Market) Watch and the Wall Street Examiner’s Lee Adler discuss the end of the end of the bull market in US Treasuries, and the possibility of a soft political revolution in the US this fall. Russ believes that a third party will emerge, and WIN! So this is...
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The Marginalization of the White Working Class
There is a revealing book by Charles Murray called Coming Apart: The State of White America, 1960–2010″ . This has a big focus on what nobody really wants to talk about, the white American working class. Santorium’s preaching about social values has merits but he panders and makes it mostly about black people or illegal immigrants. And...
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“The Market Will Not Fluctuate”
In one of the more bizarre displays of behavior I have seen in 45 years of observing the market, the short term indicators have been running dead flat at the neutral line. Apparently the market has reached a state of perfect equilibrium and absolute stasis. JP Morgan has arisen from his grave to pronounce,...
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In Terms of the Final Outcome, the Political Polarization Amounts to a Hill of Beans
US debt going is parabolic, as is record high political polarization. The polarization shown on the chart really amounts to squat in terms of the bottom line. Presidente Zero throws his latest campaign piece of meat (a “budget”) out for the Republican to go into a dizzle fit over. Great theater for mainstream media talking heads,...
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Schedule Change
Due to an unexpected change in Lee Adler’s travel schedule, the podcast originally slated for Tuesday will be delayed until Wednesday. Meanwhile, Russ Winter has a new post up. Thanks for your support and we’ll see you Wednesday.
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Greek Arrangements
“I ask you to vote in favour of the new loan agreement today and to have the ability to negotiate and change the current policy which has been forced on us” Samaras, likely new Greek Premier after elections Since the opportunity cost for Greece of “pledging” to achieve unattainable targets while doing kittle, is...
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Gold Tries for 1800 and 12 Month Cycle Buy Signal
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
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It Would Have Been Enough!
This week we had a Greek deal, a mortgage robber signing settlement deal, and now this weekend, a Barrons “Dow 15,000 cover. Dayenu! That would have been enough, but to top it off on Friday, a number of market end sector ETF indicators edged to intermediate sell signals from negative divergences. But doesn’t this...
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Market’s Intermediate Cycle Projection Now 1470
I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is now 1470 and the 13 week cycle projection stays at 1390 today. Remember when the market did fluctuate? Yes, those were the good old days.
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Treasury Market Panic Reversal Due To Little Known Forces Called Supply and Demand
The Treasury market panic saw a bit of a reversal this week, partly due to an unexpected, large increase in supply because of a sharp drop in Federal tax revenues over the past couple of weeks, and partly due to the market misunderstanding of Thursday morning’s news. The “better than expected” weekly unemployment claims...
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Economists Surprised Again By Unemployment Claims, Should Not Have Been
The mainstream media proclaimed an unexpected “beat” of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4. According to Bloomberg, the consensus of economists’ expectations was for 370,000. Aside from the fact that whether economists get a forecast right or not seems...
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10-12 Month Cycle Draws a Bead on 1460
The market continues its slow drift higher toward a 13 week cycle projection of 1390 and 6 month and 10-12 month cycle projections of 1450 and 1460 respectively. Both the 13 week and 6 month cycles are way overdue for corrections time wise, but the 10-12 month cycle up phase is still in the...
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Of Course You Know This Means War, But Is It Bearish?
Russ Winter of Winter (Economic and Market) Watch and the Wall Street Examiner’s Lee Adler discuss the likelihood of war in the Persian Gulf. Russ thinks it will start in 3 weeks. But is it bearish or bullish. Lee isn’t sure, and gives his targets for the market, which remain significantly higher. This is...
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Playing on Iran’s Home Court: The Great Strait of Hormuz Test
Any good armchair general with a good search engine and time on their hands can figure out in a hurry that the song and dance about Iran being unable to close the Strait if Hormuz for long is just a plain crock. Worse than a crock. Yet, this big Orwellian lie persists, so once...
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Slow Motion Meltup Goes On and On
The slow motion meltup goes on. The market averages are on the brink of pushing through a major resistance level. That could lead to much higher prices over the next several weeks as the players look forward to the big ECB financing operation on February 29.
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Treasury Market About Face- Just a Blip or Sign of Things To Come?
I mentioned in my last free report that the bulge in withholding tax collections which may have been a tipoff to the better than expected payrolls data, had subsided. I took another look at the data today, and there’s been no rebound since I posted that report. On top of that, yesterday the Treasury...
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Job Reports, Much Ado About Nothing
There has been much ado about the US employment numbers both from surveys and the BLS. Most of this centers around bogus numbers from the BLS, but I prefer to jump to the quick, and look at withholding taxes. Really what difference does it make if there are few hundred thousand new jobs if they are...
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