Gold closed at 1094.10 holding the Weekly Bearish Reversal at 1084 once again. The nasty emails have come in already asking, “Where’s the bounce?” It seems there are some people who hate me so much that they live to try to prove me wrong; I suppose to make themselves feel better that they’re out of their minds. […]

The debate everyone has been waiting for revealed the bias of the moderators and their secret agenda against Trump. The second most interesting exchange was between Christie and Paul. The so-called debate began with the leading question of asking candidates if they would pledge not to go a third party, which was clearly targeting Trump. […]

Yahoo reported that economists deny Trump’s ability to bring jobs back to America from China and other countries. Well, the economists are wrong. All it would take is a repeal of the income tax. Nearly half of the cost of labor is taxation. If you want to create jobs, cut the income taxes. That does not mean […]

The next two months going into September will be both interesting and critical. The NASDAQ Composite made new highs in July, but the S&P500 and the Dow Jones Industrials failed to exceed May highs. The general consensus is that there will be a rate hike in September and another in December, so if we back-off from […]

Our computer says that Bill Clinton will not get to dress up for White House Parties — what a shame. He would have been one of the sexier/flirtier First Ladies we’ve had in a long time. The election cycle for 2016 seems to be another forecast that the computer has been spot-on about. We will see […]

With the exception of the bond sell-off yesterday, the markets behaved reasonably well – even in thin summer trading. This comes after Federal Reserve Bank of Atlanta President Dennis Lockhart’s comments that the Fed is poised to raise rates. Today, we saw a mixed Asian session for equities with both the Nikkei and HSI ending with small gains (+0.45%) whilst the […]

None of the core Asian Equity Indices managed to trade in positive territory today: Nikkei (down 0.19%), Shanghai (-1.12%), and HSI (-0.92%). We saw weakness again in Asian currencies, and this mood worked its way in Europe as well. The first trading day in the Greek stock market after its official closure saw a 17% […]

Gold remains extremely weak. We need a daily closing above 1108 to say the low is temporarily in place and a bounce back up is possible. The 1080 level is critical support on a daily closing basis, and it remains possible that gold can break to the downside moving into September if the July low […]

Congress kicked the can down the road to precisely the ECM target date. This is when the government will go into shutdown mode. There is a greater than 50/50 chance that there will be no deal to extend the debt ceiling, which never ends. This merely reflects that there is no control over fiscal spending, […]

Saudi Arabia pumped a record 10.564 million barrels per day in June, showing that as prices decline, a record level of production is unfolding. Governments in the Middle East have budgets that are now in serious trouble. As oil prices decline, output is increasing beyond OPEC quotas because they need money to make up for lost revenue […]