I’ve grown a little bearish over the near-term, given the excessive bullishness I see in options buying and retail trading. High flyers like Tesla and Bitcoin are not driven by fundamentals, but by speculation and excess liquidity. This extreme risk-taking leaves the markets vulnerable to a sharp correction, in my opinion. It seems […]
Continue Reading →-DOLLAR DAILY- I think the dollar is experiencing a meaningful devaluation. Prices are extremely overdue for a bounce, but the trend pushes persistently lower. The final area of support arrives at the 2018 low of 88.15. If that level fails, I believe the USD could collapse to 80 by April/May 2021. -DOLLAR MONTHLY- We […]
Continue Reading →It is looking more and more like gold prices probably bottom in November, and we are climbing a wall of worry. Silver and platinum are beginning to lead the sector higher, suggesting a rotation out of gold and into the more leveraged, smaller sectors. This theory also explains the underperformance in GDX. It looks […]
Continue Reading →Reminder: U.S. Markets close at 1:00 PM today and won’t reopen until Monday, December 28, 2020. Because Markets are closed Friday for Christmas, tonight’s report will act as the Weekend Newsletter. The stimulus saga continues. President Trump is asking for $2000 payments to individuals versus $600. Congress could amend the bill and vote […]
Continue Reading →After painting a somewhat dire picture in my global depression article, I wanted to expand on the developments that have me concerned. It’s clear to me that the retail trading frenzy is reaching extremes. Typically, this type of behavior precedes a collapse. I don’t know what, and I don’t know when, but the market seems […]
Continue Reading →As an analyst, I am continually looking for rogue waves and black swan events. In my experience, it is the crisis we do not see coming that hurts us most. Over the last few months, I have seen and heard some things that now have me concerned. I will describe them below, and you […]
Continue Reading →Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week. If gold breaks below $1850 sooner than later, that could open the door for an extended correction into December. Overall, precious metals are in structural bull markets, and sharp pullbacks are considered long-term buying opportunities. […]
Continue Reading →There is a significant uptick in coronavirus cases, and lockdowns are resuming. The likelihood of a double-dip recession is increasing, and we could see another sharp selloff in stocks. The 1980 pattern in the Dow is very similar to what’s transpiring now. If the stock market peaks next week like it did in 1980, […]
Continue Reading →Gold prices closed above their October high, and I see the potential for a divergent 6-month low. With COVID cases hitting new highs, the potential for lockdowns and a double-dip recession are climbing. Congress is unlikely to reach a stimulus deal unless the markets are tanking. How prices finish the week is crucial. I […]
Continue Reading →The US elections are next week, expect a significant uptick in volatility. The markets hate uncertainty, so a close or disputed election could send stocks reeling. Covid numbers are on the rise globally, and we are starting to see more shutdowns. This could impede the recovery and disrupt supply chains. I see a generational […]
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