COMMENT: Mr Armstrong, I have been the ultimate skeptic for so many claimed analysts give an opinion and that is really it. I have kept track of your arrays on the weekly Dow. I understand why the government wanted your model. Your model really works. Your array posted last October 16 picked the November high amazingly. […]
A fertilizer producer in north China defaulted on bond payments, which is a positive aspect as the state governments are not so eager to bail out failed companies. This will be a positive step forward in transforming China into a major capital market. For now, it is still not ready for prime time. Of course, […]
The Nikkei could not hold the late US rally and as the cash market opened the weakness returned from the opening, especially having just seen the weaker than expected Machinery Orders. Gaping lower, we did see a small bounce but not enough energy to look for a positive close. Eventually the index closed around 1% […]
The debate shifted following the Jobs Report, and people now assume that the Fed will not raise rates. Hence, we have a bounce in gold and the euro. That makes no fundamental sense regarding gold since higher rates indicate inflation and lower rates warn of deflation. The real confusion has been that most only focus […]
COMMENT: MA, Someone said they sold the euro at 116 with a stop loss at 11705 and sold gold at 1305 with a stop above last year’s high. They earn a lot. But they not mention that your crude oil forecast is also correct! Feb 28, 2016 A daily closing above $33.60 on Monday will be a warning that […]
The job market collapsed in May as the Labor Department reported on Friday that the nation’s economy added only 38,000 jobs. The experts were expecting a modest gain of 150,000 jobs. Additionally, there were actually 59,000 fewer new jobs in March and April than previously estimated. Then, looking closely at the 38,000 new jobs that […]
A strong opening hour (+1%) for the Nikkei on the back of a better than expected data release (Wages and Services) but by late morning had fallen back to unchanged. The second half of the day saw all core indices edge higher to close around 0.5% across the board. All eyes will be on the US […]
The Nonfarm Payrolls came in substantially lower than expected. The dollar dropped with gold rising, but the Dow did not crash on the open in the same percentage move. So what is really going on here? The economy is in a transition phase that is the same as what took place during the 1920s. Back […]
