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April 9, 2020 | Is That Gold’s Inverse H&S or Reversal?

In yesterday’s Gold Trading Alert, we commented on gold’s breakout above the previous highs and described the completion of the inverse head-and-shoulders pattern in the following way: Q2: As you can see today, gold future formed inverse head and shoulder pattern with neckline 1700 and depth about 250. This imply gold can go to 1950. […]

April 9, 2020 | The Great Gold Rush of 2020

There’s a gold rush going on. But this isn’t your great-grandpappy’s gold rush. You’re not going to see miners swinging their pickaxes in the hills. Nor are you going to see men panning for the precious metal in rivers. No, this rush is taking place in the streets and offices. Investors and central banks are […]

April 9, 2020 | This is Tough

“For the first time in 65 years,” the note read, “we are being forced to close.” It could have added, ‘so pray for us.’ Just another piece of paper in another shop window. I have no idea when the place where I buy my shirts and socks will reopen. Or if it will. But I […]

April 9, 2020 | Our Fib Trading System is Telling Us Where The Market Is Headed Next

In this section of our multi-part research post centered around our Adaptive Fibonacci Price Modeling system’s expectations, we are focusing on the NQ (NASDAQ futures) and the future expected price rotations. As we discussed earlier, in Part I, Fibonacci price theory teaches us that price must always attempt to establish new price highs or new […]

April 9, 2020 | Gates, Imperial College’s Ferguson Who Started this Nightmare & Jeffrey Epstein

Neil Ferguson of Imperial College in Britain is ground zero for this world lockdown. He even testified before the British Parliament and nobody really interrogated him. He projected that the death rates would be 20% of the population and then had to admit he made a mistake. While many have focused on the sex scandal […]

April 8, 2020 | S&P Futures

Be cautious. Any loss of upside momentum should retrace 62% of the rally from the March low. Our analysis of eleven similar Downside Capitulations in the last two decades shows a 55% chance of testing or taking out the March low.

April 8, 2020 | Jim Cramer/David Tepper Can Not Discern WHY Our Markets are Going UP! Read This!

It’s amazing that the top pundits on CNBC and Fox Business can not discern what is happening within our markets. Jim Cramer and David Tepper (billionaire) talk to clients and end up with the thinking that all is not kosher with our markets. This was reported today on CNBC. Yet, these stock markets go Up and […]

April 8, 2020 | Technical Trap

History is not linear. Financial history doubly so. Investors should beware of thinking they know what will happen next. It’s precisely because I don’t know—and I don’t think anyone knows—what will happen next that I’m massing as much cash as I can. Of course, we do well to look to history for guidance. As the […]

April 8, 2020 | Everyone’s Guessing, Even the Fed: How Deep the Recession?

Fed minutes show “severely constrained” markets. Separately, the Richmond Fed president asks some interesting questions. Fed MinutesThe Minutes of the Latest FOMC Meeting are out. For a change they are interesting, and also very long. Eight Key Points Treasury market functioning was severely impaired. Market depth was extremely thin, and bid-ask spreads widened sharply. Financing conditions for […]

April 8, 2020 | An Ounce of Good News Fuels Rally

Investors seem to imagine that slightly encouraging pandemic news will somehow beget improved economic news. Shares rallied for a third straight day, evidently because the deadly tide of contagion appeared to be receding somewhat in Italy and China. Even that story was a bit muddled, since there were reports that a second wave of Covid-19 […]

April 8, 2020 | Big Picture Perspective on Bear Markets with Recessions

As shown below, the 23% rebound in equity prices since March 23 has returned the S&P 500 to a short-list of the least attractive valuations in history at 19x forward earnings estimates, and equal to the market top on February 19.  Canadian equity valuations have followed along for the ride.  In short, from present levels, […]

April 8, 2020 | The un-normal

Did you ever think Easter/Passover would end up this way? Me neither. It’s one for the record books. Thursday we get jobs numbers for March. Ouch. Expect at least 500,000 fewer people working, mostly those who can least afford to lose employment – hourly folks in the service sector. There’s no working at home (or […]

April 8, 2020 | Gates – Stupid or Diabolical?

Bill Gates is obsessed with his theory on vaccines and is clueless with regard to the economy and all the loss of jobs. People should lose their pensions, their livelihoods, and crime has already risen by 22.5% in New York City. None of this bothers Gates. Then we have the Democrats who are so caught […]

April 8, 2020 | How Lockdowns Hit U.S. New & Used Vehicle Sales: Beyond Ugly

The lockdowns were gradually rolled out state by state, starting in mid-March, and this was when the historic unemployment crisis exploded onto the scene. So it’s the events from mid-March forward that show the new trend. For the whole month of March, total new vehicle sales plunged 37.9% year-over-year, with fleet sales (rental, commercial, and […]

April 8, 2020 | The Housing Bust Will Take Longer This Time

Let’s start by sketching out a rough spectrum of the pandemic’s impact on major industries. At the hellish end of this spectrum is hospitality, where cruise ships, vacation resorts, and other crowd magnets have been rendered toxic and therefore useless overnight. Most of these companies will fail and their flagship assets will be repurposed or […]

April 7, 2020 | How the Natural Runners Brought a Light Touch to the Story of Natural Resources

The annual Vancouver Sun Run attracts 50,000 entrants each April for a festive 10 km race. Sadly, in 2020 there won’t be a race due to the pandemic. However, here’s some good news. While there won’t be a Spring 2020 sighting of the Resource Works Natural Runners, don’t worry: we’ve got you covered. Here are […]

April 7, 2020 | Decoupled Markets Allow our Central Bank Traders to PUMP Markets (temporarily)

It is obvious, to me, that our central bank traders are choosing to manipulate our electronic/virtual markets up via their algorithms. Since our central bank traders have ‘unlimited’ trading dollars (to play with) this type of manipulation works (temporarily). But all this manipulation is a temporary phenomena. At some point all this manipulation will be rejected […]

April 7, 2020 | Make North America Great Again: Invest in Workforce and Innovation

From 2009 to 2019, S&P 500 companies alone poured $5.29 trillion into share buyback programs (data from S&P)–more than double the $2.59 trillion from the 10 years prior. Dividend payments to shareholders saw a similar increase, nearly doubling to $3.53 trillion from $1.89 trillion. As charted below, this has made corporations the only net buyers […]

April 7, 2020 | The Fuglies

There are 19.1 million employed people in Canada. Well, they used to be employed. Until Mrs. Virus came to town. On Monday a million of them applied for Trudeau bucks, the two-grand-a-month bailout fund. That was just the January-March crowd. People born in later months get to submit the rest of the week. Maybe three […]

April 7, 2020 | Perfect Uranium Storm Brewing…

Many uranium stocks have rallied since the March meltdown in global markets. I’d argue that they aren’t just rebounding with the markets, but because uranium itself is up sharply. This has important investment implications.     If uranium stocks were simply “enjoying” a dead-cat bounce alongside mainstream equities, I’d say that was a clear warning […]

April 7, 2020 | Fake Statistics to Boost Deaths of COVID-19 Proving this is Political

COMMENT: Martin, As always…THANK YOU. I have been reading your works since you were writing from the hole. So much gratitude for your surviving and for putting that behind you and getting on with your life’s work and gifts to humanity. I now read your works from the daily blog and as a Pro subscriber. Your […]

April 6, 2020 | Gold

The RSI readings of the Commercials and Non-Commercials in gold futures are back into neutral territory. The 14% decline in price is close to the 15% – 18% breaks seen following the bearish divergences in 2008, ’09, ’14 and ’16.  

April 6, 2020 | Is Natural Gas Ready For An April Rally?

Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price).  Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to […]

April 6, 2020 | USD Index Sheds Light on the Upcoming Gold Move

The yellow metal and its fiat nemesis. Gold and the dollar certainly move not in a random relation to each other. The strength and direction of one taking the cue from the other changes over time, but what does it tell us about the present moment? The key point with regard to the US currency […]

April 6, 2020 | Critical Thinking Matters Amid Calls for Folding up Canada’s Oil & Gas Sector

Renewables-only advocates have seized upon the pandemic as a way to pressure federal politicians into using their powers to deep-six Canada’s domestic oil and gas industry, writes Stewart Muir. Current circumstances offer a once-in-a-lifetime chance to usher in a new era of consequence-free energy drawn from carbon-free sources, or so the argument goes. Some pressure […]

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