The Macro Liquidity Index (MLI) has been hanging around 3 month highs. The Fed and foreign central banks (FCBs) continue to create liquidity, offsetting weakness…
A few months ago I wrote that, based on the pattern of Saudi output and the rig count, it looks a hell of a lot like their fields are exhausted. And if the Saudi fields turn, that bodes ill for world-wide production, as essentially all other major oil exporting nations except Russia are already […]
The BPMATE (SPX Materials Sector BPI Index) is shaping up in a very similar fashion to May 2006. We are seeing nearly identical neg divs that led to a 17% selloff in the group.
The BPMATE is now at 81.52. As you can see, the 80ish level has proven to be a very high-risk place to […]
DRDGold (DROOY) is South Africa’s fourth largest gold producer. Its chart portrays the extreme emotions of passion and pain that investors have had to endure during the current gold bull market. First surging with pride and outperforming many of its peers, only to suddenly be castigated and thrown out like a drunken misfit. […]
The market stalled out on Friday, as the pinning bots did their clean up work on the last day of Scam Week (options expiration). Tuesday…
The FCS issued a buy on Gold (GLD) 1/12/07 at $621. The signal remains on a buy with Friday’s close at $663, up 6.8% A buy signal for GDX occurred on 1/23/07. The signal remains on buy and is currently up 5.3%. Let’s review the current FCS HUI chart:
CLICK TO ENLARGE
The last major swing low in early January occurred precisely at the very strong supportive CV2 […]
The Fed drained $6.5 billion from the liquidity pool on Friday. It added $10 billion in 5 day repos (holiday weekend +1) against expirations of…
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…
Can you feel the panic setting in? Bulls—bears? It doesn’t matter. Bulls, bears, pigs, and chickens are all on a hair trigger. The market has…
The Fed added a whopping $9.25 billion to the liquidity pool on Wednesday. It added $7.75 billion in overnight repos and $11 billion in 14…
