Crude rallied during October reaching the $52 level. Yet for the close, it crashed and burned on the last day to AVOID a buy signal at $49.35 level. We bounced off the first Downtrend Line, which now stands at $51.86 for November. This is what I mean about the hidden order within markets. This has […]
An extremely quiet start to what has potential to be an explosive week. Asia was the first market to react to the FBI story that broke over the weekend and after the initial wobble all exchanges bounced to close moderately under Fridays closes. Data released today was not so promising with Industrial Output and Retails […]
Headine: Democrats should ask Clinton to step aside I fully agree from my “opinion” perspective that Hillary is a disgrace and she should step aside and Joe Biden should be the Democratic Candidate. Americans have “become so numb by the decades of lies and cynicism oozing from Clinton Inc. that it could elect Hillary Clinton as president, […]
Justice officials Attorney General Loretta Lynch and Deputy Attorney General Sally Yates disagreed with FBI Director James Comey’s decision to notify Congress about the bureau’s review of Hillary emails. Both did not agree playing it technical whereby the Department of Justice (DOJ) does typically announce they are investigating something. Of course, NY State did so with […]
The Nikkei continued its march despite the weakness seen in other Asian markets as currency continues to be the counterbalance. In late morning trade we did see a retracement back towards unchanged level but that was short-lived and as soon as the afternoon session resumed trading the buyers lifted it again and we closed […]
The markets are coiling and do not know what to make of all the scandals being released. A Reuters polls shows that 70% of Republicans believe the election will be rigged. This is what the computer has been projecting that 2015.75 was the peak in government. Trump has risen to the top not for any […]
QUESTION: I am beginning to see the light. It seems as though when gold rallies strong, the sentiment is reflected in these gold promoters. Then gold drops and they preach the same thing again. This leads them to buy every high and in fact they are merely cheering the news and are not analysts at all. […]
The Nikkei opened on a wobble but after the first couple of hours progressed steadily to close up +0.3% on the day. As JPY found the renewed bid, and even in late trading, the Yen was knocking on the 102 handle as futures trades close to unchanged. Shanghai also found comfort with Q3 GDP reporting […]
Capital flows are intensifying. This is why oil is up, gold is up, euro down, US share markets up. Things are shifting quietly. Norway reports that Russian ships are on their way to Syria. Obama may get his wish all before the election in hopes of boosting Hillary.
