Long term Monthly view still has gold within a large downward channel (purple). Break of channel could see the market lift to the UBB and blue s/r (purple HPTZ). Watching to see if channel holds or breaks. If it holds we could see another significant drop from gold as it makes it way back to […]
TRADING COMMODITY DEFLATION Finding the “New Normal “in a Safehaven! Q1 EARNINGS ARE A DISASTER It is now expected that 2016 Q1 earnings will be the biggest quarterly drop in US corporate profits since 2009. A 9.8% drop is expected with major banks stocks such as Citigroup’s earnings being down 28% Y-o-Y with a double […]
WEEKLY VIEW: Lift continues – 3 wave consolidation can be seen, watching to see of we can determine if it is a 3 wave correction, or the start of a 5 wave lift. Amount of pullback from recent lift will give us a clue. W%R is lifted indicating positive pressure and more lift potential at […]