Today will be the close for the week and this will be an important indicator. A closing in gold below 1237.50 will warn of weakness. We have important technical resistance at the 1245 level and a closing back below that breakout line will also warn that the upward momentum is starting to decline. Gold bounced […]
It is a sad state of affairs when, after a terrorist incident such as yesterday’s events in Belgium, how quickly the markets have accepted it and within a few hours priced out! This is both a reflection of what is becoming “a horrible accepted norm” and also the lack of market participants. Even though Asian […]
Shortly after the European open news broke of the Belgium terror attacks and we saw the usual flight to quality. Treasuries rallied, as did Gold and the US Dollar while stocks fell and in particular airlines and travel companies. At one stage we saw the DAX down over -1.5% with CAC, IBEX and FTSE not […]
Thank you for all the emails on this discovery of an ancient Roman coin in Galilee. Yes, it is a relatively rare coin. However, it did not exist at the time of Christ. Note the legend states “DIVVS AUGUSTUS,” meaning in Augustus’ honor after his death. This coin was minted by the Roman Emperor Trajan […]
With Japan on national holidays it was left to Shanghai and Hang Seng to show the rest of the world the way forward. With the help of the PBOC, adding ample liquidity and fixing the Yuan rate at 6.4824 (compared to 6.4628 on Friday) stocks saw a healthy 2%+ gain for the day. HSI closed marginally firmer. In […]
QUESTION: It seems successful trading/investing/forecasting systems work only when used by a few. When these same systems get adopted by more and more users their effectiveness diminishes to a point where they no longer work. Do you agree with this, and if yes do you think as your forecasts become more well known and applied […]
Armstrong 1985 with IBM XT COMMENT: Fantastic examples in the final version (free-markets-are-natures-design). You need to keep connecting the dots until the person finally sees something, even if it isn’t the whole. Then again, can anyone see the whole? I find it fascinating that the computer gives you dates (dots), but you have to wait until […]
This has been a long time coming. Porting over the old code to run on the internet has been like having to translate French to Japanese and then to English. Most of the original code was written in assembler because it had to be super fast. Speed and memory used to be critical back in […]
Republicans for Hillary are starting to emerge under the pretense that Donald Trump is not a “conservative,” if you can believe that one. There have been secret meetings behind closed curtains among the Republican elite. The story they will spin is that Trump is not a conservative and his anti-Mexican comments would hurt the party, so […]
