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Weekly Wrap

December 21, 2013 // 0 Comments

  The dust is settling over the markets with the Fed tapering plans now out of the way,  and I believe last week will go down as a turning point for many markets.  In particular, I believe precious metals are finding a major bottom and we will see a spectacular bull move next year. My featured chart shows the spread between emerging market debt and US junk, which [...]

The Bitbubble is deflating – are stocks next?

December 19, 2013 // 0 Comments

China is the pin that has popped the Bitbubble.  It is trading just over $500 which is a Fibonacci 62% decline off the $1250 top made 29 November.  As I wrote in my last WR, it is pure speculation that has driven both Bitcoins and US stocks to their highs.  In the case of Bitcoins with nothing of value backing them, it acts as a normal currency whose value is entirely [...]

What will they decide to do, if anything?

December 17, 2013 // 0 Comments

In my WR, I wanted a new low in stocks for my final w5 down prior to a rally.  The gods were kind to me and right on cue, in Sunday night trading, the Dow did just that. So now we have a very interesting situation less than 48 hours away from the Fed announcement.  Volatility is increasing not just in stocks, and markets will remain nervous going into the late Wednesday [...]

Weekly Wrap

December 14, 2013 // 0 Comments

Bitcoins – the talk of the town currently – have rocketed from $12 a year ago to a recent high of $1200. Now that’s what I call a bull market!  Many are calling it a bubble, and who is to disagree? A Bitbubble perhaps?  Stories of early ‘investors’ suddenly finding they are rich proliferate the media.  This is s a sure sign that the [...]

Santa Rally, anyone?

December 12, 2013 // 0 Comments

  There is a great deal of uninformed rubbish written about the behaviour of US retail stock investors in the media (including seekingalpha.com).  Many are saying there is a wall of money in money market funds that is just itching to get into the stock market.  You always read such desperate rationalisations at the end of big bull markets.  It is what keeps the [...]
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