Projections Archive

  • After a day of being stuffed with Turkey, enjoying family and friends, perhaps taking in a football game (or two), the markets came back today with a vengeance. As it turns out, the stores aren’t the only ones enjoying cash inflows this Black Friday. We’ve often turned to our charts to see how things are shaping up over the long...

    Buying Strong in Markets as well as Malls Today

    After a day of being stuffed with Turkey, enjoying family and friends, perhaps taking in a football game (or two), the markets came back today with a vengeance. As it turns out, the stores aren’t the only ones enjoying cash inflows this Black Friday. We’ve often turned to our charts to see how things are shaping up over the long...

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  • Having revisited our monthly and weekly gold charts yesterday, today we’ll take a look at the daily. Again, looking back to last month’s chart, we’re reminded that the technical were looking very overbought. RSI was well above 70, with the MACD clearly embedded to the topside. Our expectations in light of these indicators, and the then-recent rise in gold, were...

    With Short-Term Drop, Even Soros Bullish on Gold

    Having revisited our monthly and weekly gold charts yesterday, today we’ll take a look at the daily. Again, looking back to last month’s chart, we’re reminded that the technical were looking very overbought. RSI was well above 70, with the MACD clearly embedded to the topside. Our expectations in light of these indicators, and the then-recent rise in gold, were...

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  • Today we’re going to revisit our monthly and weekly gold charts. Regular readers may remember our discussion on these charts about a month ago. While using the daily and hourly charts can give us a short-term perspective, it’s by using these charts that we can gain a better picture of the long-term. Back then our weekly chart revealed a rather...

    Gold Showing Signs of Setting up Strong Rally

    Today we’re going to revisit our monthly and weekly gold charts. Regular readers may remember our discussion on these charts about a month ago. While using the daily and hourly charts can give us a short-term perspective, it’s by using these charts that we can gain a better picture of the long-term. Back then our weekly chart revealed a rather...

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  • As we approached the election season it appeared that Obama pretty much had this one wrapped up. In spite of the fact that the underlying foundation of our economy is as bad as it’s been in decades, the markets have shown some strength. In light of this, and the fact that the incumbent basically never loses when markets are up,...

    BO Repeat was Inevitable; so Now What?

    As we approached the election season it appeared that Obama pretty much had this one wrapped up. In spite of the fact that the underlying foundation of our economy is as bad as it’s been in decades, the markets have shown some strength. In light of this, and the fact that the incumbent basically never loses when markets are up,...

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  • As we enter the weekend, we’re seeing metals weaken into the weekend. This is actually rather exciting, even though it’s causing our positions to drop against the dollar. As I mentioned the other day, Novembers are historically good for metals. With us pressing recent lows, it’s likely that this is setting up a great buying opportunity going into the holidays....

    Metals and Miners Poising For Post-Election Rally?

    As we enter the weekend, we’re seeing metals weaken into the weekend. This is actually rather exciting, even though it’s causing our positions to drop against the dollar. As I mentioned the other day, Novembers are historically good for metals. With us pressing recent lows, it’s likely that this is setting up a great buying opportunity going into the holidays....

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  • As we reach the end of October, we’ve had some encouraging movements in the metals. However, gold bugs are a bit discouraged too, since we’ve been unable to retake previous highs. Many speculated that 2000 gold was in the bag this year, but are not skeptical. It’s quite possible they’ll be very pleased in time for Christmas. November shows a...

    November Typically Good to Metals

    As we reach the end of October, we’ve had some encouraging movements in the metals. However, gold bugs are a bit discouraged too, since we’ve been unable to retake previous highs. Many speculated that 2000 gold was in the bag this year, but are not skeptical. It’s quite possible they’ll be very pleased in time for Christmas. November shows a...

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  • If Australia’s Perth Mint is any indicator, demand for both gold and silver skyrocketed in September. During a month in which gold climbed over $80, to 1780, and silver rose about $3, to about 34.70, the Perth Mint reported more than twice the previous month’s sales in gold, and almost four times August’s sales in silver. Since the Perth Mint...

    Perth Mint September Sales Surge

    If Australia’s Perth Mint is any indicator, demand for both gold and silver skyrocketed in September. During a month in which gold climbed over $80, to 1780, and silver rose about $3, to about 34.70, the Perth Mint reported more than twice the previous month’s sales in gold, and almost four times August’s sales in silver. Since the Perth Mint...

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  • The fact is, as we’ve seen, QE isn’t restricted to bonds. It can focus on any aspect of the market, from houses to businesses to bonds to stocks. But the risk, regardless of what the FED does, is planted firmly on the shoulders of the taxpayers. Consider this observation from the Financial Times Lexicon regarding QE. Of course there are...

    QE-101: It’s All About the Banks

    The fact is, as we’ve seen, QE isn’t restricted to bonds. It can focus on any aspect of the market, from houses to businesses to bonds to stocks. But the risk, regardless of what the FED does, is planted firmly on the shoulders of the taxpayers. Consider this observation from the Financial Times Lexicon regarding QE. Of course there are...

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  • Joe Weisenthal, writing for Business Insider, doesn’t tell us much about what he expects of the next step in QE∞, but he does offer some insight into what he thinks will be the next step for the Federal Reserve. Rather than offer more stimulus via the printing press, he expects the FED to define their terms in such a manner...

    The Next QE May be a Definition of Terms

    Joe Weisenthal, writing for Business Insider, doesn’t tell us much about what he expects of the next step in QE∞, but he does offer some insight into what he thinks will be the next step for the Federal Reserve. Rather than offer more stimulus via the printing press, he expects the FED to define their terms in such a manner...

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  • As we mentioned yesterday, there are those who are already calling for QE∞2? As we discussed, the focus of QE∞ was on mortgage backed securities. And the writer we considered yesterday shared thoughts about the fact that QE∞2 was already taking place quietly, in the form of the FED purchasing bonds from the U.S. Treasury. Michael Gayed, Chief Investment Strategist...

    QE∞ Not Good Enough = Time for QE∞Squared?

    As we mentioned yesterday, there are those who are already calling for QE∞2? As we discussed, the focus of QE∞ was on mortgage backed securities. And the writer we considered yesterday shared thoughts about the fact that QE∞2 was already taking place quietly, in the form of the FED purchasing bonds from the U.S. Treasury. Michael Gayed, Chief Investment Strategist...

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  • Just as QE∞ seems to have caused the markets to pop, so too have the metals gained since Ben Bernanke’s speech. Take a look at this GLD (Gold ETF) chart and see if you can figure out exactly when Ben Bernanke made his speech. Tough to tell? Interestingly, it looks like the market got scared for a few moments just...

    Gold’s Short-term Response to QE∞ is Just Noise

    Just as QE∞ seems to have caused the markets to pop, so too have the metals gained since Ben Bernanke’s speech. Take a look at this GLD (Gold ETF) chart and see if you can figure out exactly when Ben Bernanke made his speech. Tough to tell? Interestingly, it looks like the market got scared for a few moments just...

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