Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang […]
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 […]
Gold fell back to 1191 and then rallied back to the 1216 area. Gold appears to be setting up to extend the counter-trend reaction into the first week of March. With back-to-back Directional Changes for the weeks of 02/08 and 02/15, the typical outcome is one of a choppy trend. Last week we got the […]
Mario Draghi has claimed that the European Central Bank would withdraw its €500 highest-denomination banknote only to combat crime— not to curb the use of paper money — but you really cannot expect him to tell the truth. If he really told the truth, he would set off a panic withdraw from banks. The USA use to print […]
QUESTION: Mr. Armstrong, First of all, thank you for all you do. These are crazy times and so many of us would like to thank you for your guidance through these volatile times. The question I have and I’m sure others do as well is in regards to the election of the reversals. I was an […]
Today’s rally in the Nikkei must have been a huge breath of fresh air for the BOJ (Bank of Japan). After opening 2% firmer the market went from strength to strength with good volume it eventually closed +7.1% on the day. Banks regained some of their losses from last week with SMFG, Mitsui, Mitsubishi UFJ […]
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 […]
QUESTION: Mr. Armstrong, I live in San Francisco (silicon Valley) and due to internet and automation, technology is doing well and Real estate has been strong, perhaps overpriced. Since oct 2015 prices have declined slightly in core while keep rising in the peripheral areas. Rents are very high and demand for rentals is softer in 2016. […]
QUESTION: Hi Martin, I am a subscriber to your investor service and read your blog daily for years now. Thank you for your wonderful service to educate those who will listen. You posted when the deflationary spiral is over, we “want to be diversified with equities with good capitalization, some spec-stocks, gold, silver, and real […]
Last week we had a Panic Cycle in Gold and a Directional Change. Both performed on target. As we have stated previously, the Directional Change can be by itself a very fascinating tool. The Directional Change can at times be the beginning of a breakout to a new trading level (major thrust) in one directions […]
