With Japan still closed the enthuses continues to concentrate on the US Dollars turnaround! The Australian ASX closed down 1.6% as BHP lost 6.5% on rumors of a large civil lawsuit in Brazil. Mainland China closed almost unchanged on the day whilst the Hang Seng lost 0.7% and these a direct result of a dollar […]
A morning where PMI’s (Purchasing Managers Index) continue to rule the markets. China’s reaction was somewhat muted after mainland index rallied to close with a strong 1.85% performance but that was countered by the Hang Seng dropping 1.8%. The RBA surprised the markets with a 25bp cut in rates to take key rates back to 1.75%. […]
Update for Today on Euro – Gold – Silver on Private Blog
QUESTION: Mr. Armstrong; I have to admit after following you for almost 2 years now I am impressed. I was a buyer of your first gold report where you introduce me to the idea of different types of cycles from fixed to variable and your benchmarks. I have been amazed that gold bottomed to the week […]
Nikkei cash opened today following the same trend from Friday’s late US futures session with cash down around 4%. This did ultimately produce the days low and we rallied from there in low volume but cash still closed 3.1% lower on the day. China, Hong Kong, Taiwan, Singapore, and Malaysia markets were also closed today. Like Asia, Europe had its share […]
Private Blog Update for Metals Closing Today & the Euro
We will provide the Video Update for the Metals Tomorrow (for those who took the Metals Report). The computer does a far better job than any individual can possibly do, including myself. The hope of this correction ending by March 2016 and a bull market beginning has not materialized once we obtained the Quarterly Bullish […]
QUESTION: Hi Marty! I am reading and studying your blogs and Socrates for quite some time and I would really like to thank you for all the insights! Some days I listen to bloomberg radio for knowing what ‘they’ are saying about the market developments. As I am not an experienced trader as you are, […]
It was the turn of the Hang Seng to play catch-up with Japan today and probably the perfect opportunity with the Nikkei closed for a national holiday. The HSI dropped over 1.5% that could have been a reaction to the Yuan fix (6.489 is the highest in over 10years) but also impacting from the JPY […]
The Dow is now testing key technical support at the 17624 level and breaking this level warns that a correction becomes possible. We have two very important Weekly Bearish Reversals at 17434 and 17120 level. A weekly closing beneath the 17120 level will signal a sharp sell-off of about 1,000 points or down to the […]
