I have waited and waited and waited for the PMs to begin major turn-arounds from their deep bear trends off their March highs. And so far, to no avail. It has been an exercise in total frustration especially for Gold. Since July, odds have been
Tag: Double Top
I have been tracking the precious metals as they have been sliding down their Slippery Slope of Hope in recent weeks. And the usual suspects – the Gold Bugs – that normally see every reason to advise loading up on gold are nowhere to be
US Crude oil is in the process of correcting the huge surge to my main target to the $128 high a month ago. Latest quote is $96 – a decline of $32 (25%). Of course, the price could rally back from around here – or it could correct further as some traders expect a price-induced increase in supplies to the spot market.
The benchmark US 30-yr Treasury yield reached its historic low just above 1% in March 2020. What a time to short them! Back then, stocks were finishing up their Corona Crash and the Fed was assumed to be pulling out all the stops to keep rates ‘lower for longer’. There was even talk about the Treasuries going negative as so many European sovereigns were.
Exciting, isn’t it? Blink and you miss a 200-pip swing in the Dow! Yesterday’s action was particularly vigorous following Thursday’s strong relief rally with heavy and persistent selling. The whipsaws are huge – and the potential for being on the wrong side of them is
Yesterday’s volatile stock market action was telling. For the first time in weeks, the Dow suffered a significant fall – but then recovered. The VIX Volatility Index was likewise volatile (sharp up and then sharp down) The news items that emerged were that a former