Stocks continue their relentless climb off the March Corona Crash lows. Many stare in disbelief as the now worsening global pandemic is hitting real businesses hard (but not all, of course). But of course, markets do not follow ‘logic’...
Stocks surged last week – into Friday’s record high unemployment data showing a stunning 15% rate. Who said second waves in bear markets are easy to trade? It certainly wasn’t yours truly. They often advance much further than logic...
Most believe markets follow the news and the published economic data. They are wrong – and here is a great example of why they are wrong this week. On Thursday night, there was a ‘bearish’ news report of a...
Are we really approaching Armageddon? The climate alarmists and politicians think so – but only in 20 – 30 years (or 12 months, according to Prince Charles). But there are others in the financial community that believe the coronavirus...
Gold (and to a lesser extent, silver) has been on a tear. Days of £20 gains are fairly common. So it is not surprise that many pundits are calling for new ATHs – especially above the old $1920 high...
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...
My bottom line: GOLD/SILVER – Bearish US DOLLAR – Bearish STOCKS – Bearish T-BONDS – Bearish In August. I posted two major comments on gold/silver with these headings: Gold is hot – should you buy? Is it time to...
We are well and truly into the dog days of summer with reduced trading volumes and relatively gentle market action. This may well persist for a while as Europe’s trading desks will see an exodus for the beaches next...
As you know, I scan the MSM for some telling headlines. Occasionally, I come across a glaring example that highlights what the herd are thinking. There is a well-known ‘Magazine Cover Indicator’ that has often spelled the end of...
It is extremely rare for a market analyst to admit his/her mistakes. But hats off to Questor in the Telegraph who comes clean on his spectacularly wrong recommendation to buy Indivior, the UK drug company that markets its opiod...
In a reverse of Alice in Wonderland’s fall down the rabbit hole (read the book again or see the Dsiney film – they’re great!), Disney shares rocketed yesterday with the news of its new streaming service with rival Netflix...
Last time, I hope I convinced you that most of the conventional ideas on how markets work are simply wrong. For instance, I had the example last time that the gold price is not correlated with the dollar, except...