Those in Washington like to blow their own horn by claiming the American president is the “leader of the free world,“ but all they do is talk among themselves and the journalists covering politics in Washington who do not actually investigate anything. Let’s just look at this chart as if it were a market. Notice that […]
Gold needs a closing ABOVE 1254.50 to signal a rally. A closing below 1225 would warn of a decline. Between these two numbers is still neutral. In Silver we nee a daily closing above 1551 on a daily basis to signal a rally but a closing above 1531 today will keep silver in a neutral […]
The main topic again last night was the magnitude of the advancing Yen. Despite a convincing break below the 109 (and 108 in European trading) the Nikkei only managed to hold ground to show a modest (0.22%) gain on the day. The Shanghai fell over 1.3% overnight and only just managed to hold the psychological […]
A lot of emails have been coming in with regard to the Panama Papers. Let me say this from the outset — Panama has been the key place to establish offshore accounts for decades. This was not a government hack. The German daily Suddeutsche Zeitung obtained the stash of records from an anonymous source and shared […]
QUESTION: Marty, I think your recent gold call has made me understand your model much better. Your timing is the key. You gave the weekly Bullish at 1287.50 in your report and the timing. You said that 1309 is possible if we elect that weekly bullish prior to March 14th week. Gold rallied and stopped […]
Extremely poor data in Japan (Tankan est -0.7% actual -0.9% Previous +10.8) weighed heavily on stocks closing the Nikkei 3.55% lower and not a great start for the second quarter. Despite the better than expected Chinese Manufacturing report (49.7 versus estimate of 48.2) it was not enough to turn sentiment around in Asia. It did […]
QUESTION: Dear Martin, I have been reading your work for several years. since you were in prison…I was able to download it from the internet and saved it all. I bought your Gold and Banking Analyses and read your daily pieces religiously. I was not able to attend the WEC as it appears you favor conferences in […]
When you have a consistent system that is running on absolutely everything around the world, you can simply look at it dispassionately and judge everything by the same standards. In gold, euro, Canadian dollar, DAX, and many other markets, we generally moved to weekly, monthly and/or quarterly reversals and then stopped shy of electing them. This typically reflects […]
After an initial opening surge in the Nikkei, briefly topping 17k, sellers appeared and drove prices lower to close the day -0.7%. The JPY was weaker throughout the morning session but had also turned stronger to balance the Nikkei swing. With the 10yr JGB having turned negative recently, this will squeeze banks and foreigners in […]
