The Canadian Dollar elected Monthly Bullish Reversals at the close of April suggesting that we can now see a rally up to the 82-83 level. Keep in mind that last year’s high was 86.03. Therefore, there is plenty of room for a continued reaction as the markets push everything to the limit. In the Euro […]
QUESTION: Hey Martin. I’ve been a reader of your for years now. Thank you for everything you are doing. I live in Europe in Finland and I can feel this continent collapsing. Do I understand you correctly. You suggest that we Europeans open a bank account somewhere else, hold our savings in dollars and when gold bottoms we buy […]
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 […]
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 […]
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 […]
Bavarian banks have figured out that negative interest rates are insane. They must pay the ECB to hold their cash. They have decided it is better to store their cash and eliminate deposits at the ECB as reported by Spiegel Online. These people are just braindead. They think negative interest rates will somehow “stimulate” the […]
Our main number to watch remains at the 10460 level on a monthly closing basis. Our Major Monthly Bearish rests down at 9860. Our critical support begins at the 10335 level during 2016. Once that gives way intraday, we can see this fall to the 98 level. We still do not see a final low […]
The euro crisis appears to be unfolding right on target rather amazingly. Our target was published in “The Rise and Fall of the Euro” back in 2011. The target for the collapse in confidence was 2016.202. This comes into play March 13/14, 2016. It is rather amazing that we can target a specific event within time, years […]
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 […]
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 […]
