Asia gapped open higher on continued strong sentiment brought forward from Abe’s election landslide victory weekend. The Nikkei saw a 1.4% rally at the open but was subject to profit taking as the day wore on. The JPY rejected the 105 handle and is seen in late US trading back towards the 104.30 level having […]
The British pound panic is subsiding and now it is time to retest resistance. Our Monthly Bearish Reversal stands overhead at 13660, so expect this to be the formidable resistance going into month-end. The Daily Bullish now stands at 13350 and 13535 with the Major numbers being a Double Daily Bullish at 14725. We can see […]
Private Blog Update – Gold for July 13th, 2016
QUESTION: Marty, Given the accumulation of gold by China and other nations with large trade surpluses, along with the statements by Alan Greenspan, and the implementation of the Shanghai Gold Exchange, does this suggest that gold is being positioned to be re-introduced into the international monetary system? ANSWER: No. The statements of Greenspan seem almost […]
What are US multi-nationals doing with the $2 trillion they keep offshore? Looking at the Securities & Exchange Commission (SEC) disclosures shows that Apple, Microsoft, Google, and Cisco Systems hold about 10% of their offshore cash in US government debt, which earns these companies substantial sums in interest. So they are earning interest in dollars while parking money […]
The world financial crisis that is unfolding post-2015.75 is different from that which followed the 2007.15 peak in the ECM. As stated countless times, each event is a crisis in a different sector. The 2007.15 crisis was the over-leverage in real estate that the bankers created. This time, we are looking at the demise of […]
QUESTION: Mr. Armstrong; One cannot ignore the number of people who are pretending to have AI computer systems when they have no computer skills whatsoever and wouldn’t know the first thing about AI. I have investigated the industry and nobody has employed any machine learning capability to even match what your Global Market Watch does. […]
