Bloomberg has reported that global Gold ETF bullion holdings are at a record high and have been growing for 17 straight days – also a record run. So with a surge of buying of Gold ETFs, is the Gold...
ANNOUNCEMENT To celebrate the fifth anniversary of my VIP Traders Club, I am opening the doors and you will receive a week’s worth of my Trade Alerts starting Monday. You will see in real time how we manage our...
US stocks in particular have been in a melt-up phase since at least the Christmas low with the Dow trading at the 21,500 region. It then staged what can only be described as a ‘melt-up’ rally to the ATH...
As long term readers will know, I use MSM articles and especially headlines not to glean some pearls of wisdom, but to run the thermometer over their general tone. If a large majority are bullish, I take note –...
As stock market bears gasp in disbelief, the Dow powered into even higher highs in the scorching post-Christmas rally yesterday. Does something smell fishy to you about this stunning move? It certainly did to me – until I discovered...
January was a record-breaking month for shares (but not all) – just as was December, but in the opposite direction, of course. If you had taken a vacation in the winter sun in those two months you would have...
Last time I asked if anyone had seen Santa as markets were in a tailspin a week or so ago. The bulls were in dire need of a Santa Rally alright. And a day late, someone told me he...
I do not usually comment on political matters as this is outside of my remit – unless there is a clear market impact as there was on Thursday with the latest Brexit twist. Some cabinet ministers resigned over the...
Now that the Dow has plunged by 2,000 pips in a matter of eight trading days and has met a major trendline (as has the Nasdaq), it has entered a very tricky phase (for short term traders, that is). ...
That 1990 cold war era film starring Sean Connery was about a chase of Red October, a Soviet submarine. And how apropos to today’s cyber (and chemical) warfare with the same Russians (but under a different name)! History doesn’t ...
By now, the whole world is aware of the ten-year anniversary of the last financial crisis that most investors have forgotten already. And just to remind us, that most mainstream medium – the BBC – are trailing a major...
Finally! I have read a quote from a money manager that seems to understand how markets really work. In a Bloomberg piece about the tumultuous Turkey shoot, he comments about the record pull-out of South Korean investments in Turkey: ...