Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang […]
The euro continues its fall and the likelihood of reaching 116 is starting to dwindle. Even the British Telegraph has come out and stated that the bail-in plan for government bonds in Europe risks destroying the entire euro system. We have to understand that those in power are clueless. All they do is try to […]
Gold fell back to 1191 and then rallied back to the 1216 area. Gold appears to be setting up to extend the counter-trend reaction into the first week of March. With back-to-back Directional Changes for the weeks of 02/08 and 02/15, the typical outcome is one of a choppy trend. Last week we got the […]
Trading is something you have to develop a “feel” for. The only way to do that is with experience. The object of our modeling is to place the entire world before you. Once you become familiar with how to use the model, you will be able to look at any market and ascertain its direction […]
QUESTION: Mr. Armstrong; I assume you have studied this hunt for money government goes through. Has it always ended in the collapse of government? Thank you PD ANSWER: No. It really depends upon the economic system in place. There are two comparable plagues that devastated the world population. One ended in oppression and the other […]
Mario Draghi has claimed that the European Central Bank would withdraw its €500 highest-denomination banknote only to combat crime— not to curb the use of paper money — but you really cannot expect him to tell the truth. If he really told the truth, he would set off a panic withdraw from banks. The USA use to print […]
QUESTION: Mr. Armstrong, First of all, thank you for all you do. These are crazy times and so many of us would like to thank you for your guidance through these volatile times. The question I have and I’m sure others do as well is in regards to the election of the reversals. I was an […]
Today’s rally in the Nikkei must have been a huge breath of fresh air for the BOJ (Bank of Japan). After opening 2% firmer the market went from strength to strength with good volume it eventually closed +7.1% on the day. Banks regained some of their losses from last week with SMFG, Mitsui, Mitsubishi UFJ […]
This image ran by USA Today shows how quickly the general public assumes long-term changes in trend are at hand. The general headlines said the public lost confidence in the central banks. The public is losing confidence in everything and we should be off and running with the public to private asset shift when it moves […]
We suggest that you watch “How to Use the Forecasting Arrays“ for basic questions on timing.