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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Posts Tagged ‘ Gesture ’
Central Bank Manipulation Is Enough to Keep You Up At Night
I warned yesterday before all the news was out overnight that we almost had to stay awake all night and trade 30 minute bar charts because of the current degree of “flexibility” in the cycle patterns, and the nasty habit of extracyclical factors–little things like central bank manipulation–upsetting the apple cart. When markets can...
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No Pony Here, Just The Manure
The Wall Street Examiner’s Lee Adler goes solo today with the inside dope on why housing is near the bottom, but employment is getting worse, and tax withholding data still says the US is already in recession. These are all reasons why the FOMC will make a mean, futile and stupid gesture at the...
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Hank and Ben’s Excellent Short Term Gift – Professional Edition
The market got a huge gift from the US Treasury this week in the form of a $23 billion debt paydown. That cash put a bid under stocks and exacerbated the panic into Treasuries. The Treasury faces $40 billion in CMB expirations next week, and so far, there’s no announcement that they will be...
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SPX Update: Crash Wave Still Unconfirmed; Fundamentals Still Bearish
While the crash wave setup remains "as good as it gets," the market has thus far stayed above the key levels I've outlined previously (1215 and 1190) which could actually spark a crash. After Friday's rally, the market is...
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