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 ‘ Spite ’
The Mighty Ben
Treasury yields reached the top of the recent range and appeared headed for a breakout when along came Ben, with his mighty arms outstretched he lifts up the playing field and tilts it, and back down yields went, in spite of the big week of Treasury auctions and the market facing a big wad...
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Greece, China, and the USA
. On Greece
I spoke with someone from Athens today. It's not a pretty picture.
Issues related to subsistence have replaced the fervor for demonstrations. This may not last according to this resident.
The closing of stores and shops is escalating. A...
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European Panic Sweeps 700 Pound Gorilla Under The Rug
The Treasury rally got some help this week from a surge in Federal Withholding Tax collections that is helping to keep new supply down. Whereas new supply had been exceeding TBAC estimates for the past couple of months, it has come back in line with estimates, and could be reduced even further in the...
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Higher Averages, But Technical Indications Mostly Weaker
Screening measures weakened slightly, in spite of the small gains in the averages. Tweet
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Bombs Bursting In Air, Will Our Flag Still Be There – After The After The Bell 11/9/11
By the 4 PM NY close the cash market was holding well above 2 day and 3 day cycle projections around SPX 1215. As of 5:30 PM SP futures had shown no sign of a real bounce in spite of the fact that they had been sitting on the lower edge of the 5...
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Mixed Indications In Times Of Trouble
Indications were only mixed, in spite of the pullback Friday. The 6 month cycle up phase remains intact. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a...
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Wake up! U.S. Looking Even Worse Than Japan
With 10-year Treasuries sub 2%, and growth restagnating, more and more people are buying into the "US is Japan" scenario. And it's not just that the numbers look similar conomically.
The same thing has ailed both countries: a multi-year project to pa...
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Market Not Twisting Fed’s Direction
Liquidity measures were mixed last week. Fed pumping continues at a minimal pace and Operation Twist won’t change that. Foreign central bank buying of Treasuries and Agencies remains exceptionally weak. However, the massive deposit flows from Europe into the US system continued. In spite of that, banks continued to dump Treasuries, adding to the...
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Kind Of Bearish
The following is the summary lead-in to this week’s Wall Street Examiner Professional Edition Treasury Update. The subscriber link to the full report is below. A massive wave of panic buying has sent Treasury yields plunging to record lows. Data shows foreign central banks were net sellers in recent weeks, continuing a trend of...
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Oversold All Time Frames
08/26/2011
Oversold All Time Frames
by Carl Swenlin
After the price breakdown in late-July, some internal indicators quickly became oversold in the short-, medium-, and long-term, and have stayed there for nearly a month. This fact is clearly illustra...
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When to Invest in Commodities
Inquiring minds are always wondering when to invest in commodities. Commodities are something that has universal definition and demand. Everybody knows what a meal is, and all of us want it. Most people on the globe know what gold is, and nearly all of them want it. This is also true for oil, steel...
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Droll dissipation
An optimistic start for early openers in spite of US doing a holiday (or maybe because of): Kiwis +0.5%, Aussies +0.9%, Nikkers +1.2% and Sth Korea +1%.
In Aussie sectors, Telecomms +1.3%, Financials and Miners +1.1%, no red sectors at this stage.
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Retail Sales No Reason for Market Party
Today’s retail sales report was far from a reason for the market to party. The media are reporting that on a seasonally adjusted basis, nominal retail sales fell less than expected. An analysis of real retail sales suggests that the underlying trend is weakening, and that contrary to the market’s reaction today, the outlook...
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Markets Look to Boehner
The markets stumbled through this week in spite of having plenty of POMO and $16 billion in Treasury bill paydowns on Thursday to stoke the speculative fires. But alas, a minor problem looms. The Treasury will issue $68 billion in net new debt on Monday that the market must pay for. The Treasury says...
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Indirect Bid Plunges at Treasury Auctions In Spite of Reduced Supply
The indirect bid at this week’s bill auctions ominously weak, in spite of reduction of 4 week bill to $34 billion from $40 billion, and the paydown of $25 billion in CMBs resulting in a net paydown of $30 billion at Thursday’s settlements. The paydown is very bullish in the short run, but the...
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Three More Weeks on Easy Street
Both stocks and bonds are holding up nicely as the Fed pumps in enough cash to keep things bubbling along in spite of the fact that banks and foreign central banks (FCBs) are not helping. That is because the Treasury is helping with very light supply and even some paydowns scheduled through early May....
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Supplies! Supplies! Surprise!
The Treasury floated $27 billion in net new supply this week, and the Fed’s POMO totaled–wait for it–$27 billion! Sheer coincidence, I’m sure. With the Fed buying every scrap of paper that the Treasury created, the market was able to digest it with ease. The 10 year yield dropped 17 basis points on the...
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Treasuries and Stocks Face Perfect Storm
The Treasury again had to raise extra cash this week with an unscheduled Cash Management Bill (CMB) as its cash pile fell well below the levels necessary to pay the bills. In spite of that it was still a relatively easy week for the market to handle with just $8 billion in net new...
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Stock Market Cycles Turn Up and Down
By not breaking down, the market set up a potential 13 week and 6 month cycle low. There are no indications to confirm that yet in spite of the weak rally on Wednesday. 10-12 month cycle indicators are on recent sell signals. Click here to download complete report in pdf format (Professional Edition Subscribers)....
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Signs of Deterioration- Professional Edition
Most indicators weakened in spite of the small rally on Friday. Tweet
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Is Your Bank on the “100 Safest” List?
We want to trust in the financial stability of our bank. After all, most of us have money in these institutions.
...
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Standard English Translation- That’s What I Call A Racket
For the benefit of everybody who hated Now Dat’s What I Call a Racket, which is probably everyone not from Philly, Jersey, NYC or Lawn Giland, here’s a translation in something approximating standard English. Mea culpa! Total MBS on the Fed’s balance sheet fell by $15.2 billion last week; bringing the drop to $29...
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Blowing Chunks- Professional Edition
The Fed increased the rate at which it is purchasing Treasuries last week, but its balance sheet continued to shrink in spite of that, as its efforts to maintain the status quo have at least been temporarily outrun by systemic contraction. Meanwhile, foreign central banks (FCBs) blew an enormous chunk of GSE paper out...
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Recoil or Recovery – Professional Edition
Cycle based stock screening data weakened across the board on Wednesday in spite of the gain in the market averages. 13 week cycle status and all the short term numbers, as well as new 6 month cycle signals are all weak. Click here to download complete report in pdf format (Professional Edition Subscribers). Try...
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Inflection Point For The Ages- Professional Edition
Cycle based stock screening data was only mixed on Thursday, in spite of the big rally. Because of minimal oscillation in most stocks over the past couple of months, the shorter term numbers are not particularly meaningful here. I continue to focus on 6 month cycle current status indications. Click here to download complete...
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Restrained Worldwide Population Growth is a Long-Term Benefit
Money Morning Contributing Editor Martin Hutchinson detailed earlier this week how worldwide population growth will affect global commodity prices, prompting many readers to express praise for his well-supported analysis.
Hutchinson cited the United Nations report "2010 Revision of World Population Prospects" published May...
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