GOLD: THE CHINESE HAVE CHANGED THE WAY THEY LOOK AT IT — SOURCE: 08-07-18 the MacroTourist – Kevin Muir – “Gold: Have The Chinese Changed The Way They Look At It?” — At the risk of alienating all my readers who view gold as a barbarous relic, I am chancing one more post to expand […]
RUBINO: FUTURES SPECULATORS NOW CLOSE TO BEING NET SHORT GOLD – A RARE EVENT! — SOURCE: 08-08-18 DollarCollapse.com – John Rubino – “Another Week, Another Improvement In Gold’s Prospects” — The past few months have added some cred to the “sell in May and go away” rule of thumb for precious metals, as gold’s price […]
THE CASE FOR GOLD ABOVE $1400 (+15%) BY YEAR-END — SOURCE: 08-08-18 Daily Reckoning – James Rickards – “That Signs Point To A Global Slowdown” – As gold has struggled through 2018, (down over 10% from $1,363/oz. on January 25 to $1,215/oz. today), my forecast for a strong year-end for gold has remained unchanged. This forecast […]
HYG, JNK, TNX, TRIGGER$ August 2018
SHORT INTEREST IN GLOBAL JUNK BOND ETF’S JUST HIT AN ALL TIME HIGH
JP MORGAN CEO JAMIE DIMON WARNS OF 5% TREASURY YIELDS JPMorgan CEO sees potential for 10-year yield to reach 5 % Says c–rrent bull market could run for 2 or 3 more years — SOURCE: 08-06-18 Bloomberg – “Jamie Dimon Warns of 5% Treasury Yields” — Noting content with a previous warning that investors should brace for […]
The weekly chart (left) shows a “curved” lift since the lows in 2016; the significance being that the trend increases in velocity as it lifts. Also of note is the Fibonacci extension levels (blue dashed horizontal) which have been in place since at least June 27th, 2016 (last update): while not perfect to the penny […]
MSFT has been in a positive trend since 2008; at the start of 2017 the trend increased in velocity, breaking from trend channels (weekly chart, left). The lift continued to increase in velocity, and although I have placed parallel s/r’s identifying significant supports and resistances (looks like 3 blue channels), the lift is actually curved. […]
THE FORGOTTEN “MARK-TO-MARKET” RULE CHANGE IS KEEPING US TREASURES FROM COLLAPSING — SOURCE: 07-22-18 The Epoch Times, Victor Sperandeo – “The Rules of the Bond Game” — There are powerful incentives for private banks to keep buying Treasurys despite rising supply and inflation The seal of the Federal Reserve on a U.S. banknote. The Treasury, […]
EBAY broke from a long term expanding wedge in 2017, topped out at the start of 2018, and has just recently moved back in to the wedge pattern. A blue s/r zone can be seen at current levels: breaking down through this could see a move lower to the weekly wedge’s support. An orange highlight […]
A rising, expanding wedge can be seen on the weekly chart (left); with the market breaking out and moving around the top resistance of the pattern since the end of 2017. A closer look on the daily chart (right) can see the most recent market action finding support and bouncing from the weekly pattern’s resistance; […]
