The overnight market got hit with more Coronabear virus worries. It gave the dealers another opportunity to load up their long inventories. You know what…
UPDATE- A few minor corrections. Federal revenues soared in January. Spending soared more. A lot more. Despite all that stimulus, the tax data suggests that…
Gold remains rangebound, but it’s building up to something big, probably after April.
The market held at support and immediately rebounded to the top of the trading range and a bit more last week. But trend resistance lines around 3350 were not violated. A failure to penetrate that area would leave the market vulnerable to a decline back to the bottom of the range around 3215.
I have suggested a trade that would profit hugely from that scenario, if it plays out, of course.
The pause in the growth of the Fed’s balance sheet over the past 6 weeks isn’t what the pundits are telling you. Some are saying…
Withholding tax collections are soaring. But despite that and the massive stimulus of skyrocketing government outlays and ever widening deficits, the ‘conomy is only so-so. Here’s why, what it means for liquidity and the markets. And of course, what you should do about it.
The question is, “For what?” Here’s the answer, not in so many words. Subscribers, click here to download report. Try Lee Adler’s Gold and Mining…
There’s a lot of that infuriating, “On the one hand–On the other hand,” stuff in today’s report. On the one hand, I hate when that happens. On the other hand, it is what it is.
But the good thing is that there are clear parameters that should tell us what to expect as the week begins.
With the light supply and the Fed money putting the wind at their backs, Primary Dealers got a gift on top of that. Coronavirus. The panic that induced has driven money out of stocks and into bonds. Just what they needed.
Gold has established a trading range with clear parameters to indicate whether it’s in trouble, or on track. Subscribers, click here to download report. Try…