QUESTION: Dear Marty, 2011 was the intraday high in gold, but 2012 was the highest yearly closing. Add the 5 units of time bear market, that would potentially bring us with a low in 2017. Likewise the Dow’s highest yearly closing was 2014. With a 3 units of time correction we end up with a […]

Gold closed higher today, suggesting that we should probably press higher into Friday. Our opening pivot point was 1207.57, which is still well above the closing and warns that the upside is still in play. A closing beneath that number warns that even a new high on Friday may be followed by a lower closing. Technically, […]

The Nikkei was again under pressure with the Index closing down 2.4% with financial leading the pack. Shares in Mitsui, SMFG and Mitsubishi UFJ were all down between 4 and 7% on the day. Investors and the street all voicing concerns about the potential profitability given the BOJ’s vision of negative interest rates and the surge […]

QUESTION: Dear Marty, 2011 was the intraday high in gold, but 2012 was the highest yearly closing. Add the 5 units of time bear market, that would potentially bring us with a low in 2017. Likewise the Dow’s highest yearly closing was 2014. With a 3 units of time correction we end up with a […]

Someone really needs to do a study on people who seem to want to rule the world yet have absolutely no clue what they are doing, which is really 98% of all politicians. What drives these people? Is it just greed to sell influence and get outrageous speaking fees? Until we end career politicians, we […]

The year 2015 was 13 years up from the 2002 low in the stock market following the DOT.COM bubble. That low was rather significant for many markets have yet to exceed that 2000 nominal high, such as in France. This has warned, as was the case in gold from 2011, that a correction became possible. […]

The two main areas to avoid are (1) ANY investment in government bonds (federal, state, local), and (2) bank stocks. These will be the two areas of major concern as we move forward in time. You can keep cash in U.S. TBills for right now, but as we move into 2017 you are better off […]

We have ended a busy week for equities with a mixed session for Asia and it was the Nikkei that was to spoil the party yet again! Closing the day down 1.3% this puts the Nikkei index return on the week at -5.9%. Had we not seen a large bounce at the close the losses […]

The German people do not have to worry about their taxes rising because of the Greeks; the refugees are whom they should worry about. Now the German government is joining the rest of the crowd and preparing to move electronic. They will look at introducing a limit of €5,000 euros on any cash transaction to combat money laundering […]

  Japan was again the talking point of the session with yet another down day. Initially, the index opened up 0.5% but it was just a matter of time until the sell orders hit the screens again and we were all looking for the bid. The stronger Yen was one reason being provided and we […]