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Showing Posts 51 - 60 out of 107 found.

Crude Oil: The World Waits For Key Doha Meeting

Crude Oil: The World Waits For Key Doha Meeting

May Crude Oil traded lower during the overnight session for Thursday, April 14th falling to 40.84 as it tested support at the 200 DMA (40.98). The 200 DMA held as the IEA claims the world surplus in crude oil will drop from current levels (1.5 million bpd) to 200,000 barrels per day during the last six months of the year. The decline will come from increasing production declines from the US...

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More Dollar Deflation Coming?

More Dollar Deflation Coming?

The US dollar has declined sharply so far in 2016, losing about 5% of its value against a large basket of other global currencies.  That may seem substantial and often characterizes the health of the sovereign country's economy.  So, does it really mean the US economy is in decline?  Further, does it truly represent a decline in purchasing power and strength in the world - as it usually...

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Buy Gold, Or Not, But Don’t Drink The Kool Aid

Buy Gold, Or Not, But Don’t Drink The Kool Aid

Some days, ya just gotta have fun. Today I tap a famous Hilltop Screamer– Peter Schiff. His apocalyptic preaching the market and the US economy are doomed points to his clear agenda – buy gold everyone. He is a gold trader, after all. While gold is trading at a one-year high, the yellow metal is still far off the $5,000 target Schiff first offered in October 2012. Believe it or not, as of...

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What's the Alternative to US Stocks?

What's the Alternative to US Stocks?

Last November and December I pointed out the distinctive volume profile pattern in the S&P 500, which is still apparent in the accompanying updated chart. The pattern has a shelf-like structure that will act to block upward progress, in the same way that a rock shelf makes it difficult for a rock climber to proceed higher. The key level in the S&P futures is currently 2073.50, which...

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Is The Fed Intent On Breaking The Middle Class?

Is The Fed Intent On Breaking The Middle Class?

One chart reveals Fed’s true intent; wreck havoc on the Middle Class   Crises refine life. In them, you discover what you are.Allan K. Chalmers What strikes one immediately is that the Fed has been creating money hand over fist; one hand they create money, with the other hand they buy assets and put it on their books, all looks well until you realize this is something called monetization of...

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Australian ETF Ready For Its Next Downward Move

Australian ETF Ready For Its Next Downward Move

In January, we suggested here that the iShares MSCI Australia ETF (symbol EWA) might be ready for a substantial bounce. The bounce appeared almost as forecast, although it started from a bit higher than our first targeted support area. In this post, we explain why we are revising our Elliott wave count slightly, and we offer parameters for the next possible downward move. Our previous post...

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Did China Send Stocks Higher?

Did China Send Stocks Higher?

Stocks are up this morning and bonds are lower, partially in response to an increase in China's exports of 11.5%, the first rise since June.  At the same time BBG reports that "Euro-area industrial production fell the most in 18 months in February, giving up some of the surge seen at the start of the year. Data from Eurostat showed output declined 0.8 percent..."  I'm certain this is too...

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GE, OPEC, And The Market Look To The Future

GE, OPEC, And The Market Look To The Future

Houston, we have a problem.” Okay, maybe not so much a problem as a contradiction between “experts” on oil. - OPEC cut its forecast for global oil-demand growth in 2016 and warned of further reductions … pointing to a larger supply surplus this year. - The EIA is projecting that global petroleum demand is expected to increase by over 1 million barrels per day in both this year and in 2017....

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The Gold/Silver Ratio Looks Vulnerable Now

The Gold/Silver Ratio Looks Vulnerable Now

May Silver closed at its highest level of calendar year 2016 on Tuesday, at $16.22.  It’s up nearly 5.5% from Friday.  Associated with this rally has been a decline in the gold/silver ratio, from a high of just over 83, to yesterday’s value of around 77.5.  This ratio currently is on trend line support, as shown on the chart below.  Given Yellen’s renewed dovishness, on display both at the...

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Grain Alert: Soybean Acres

Grain Alert: Soybean Acres

Soybean export sales came in at only 420 thousand metric tons. China was absent from the buyers list, maybe because there was an unknown purchase of 112K which is too small to mention.  Due to the drought in Malaysia and Indonesia cutting palm oil production sharply, we have created a fear that soy oil will be needed to replace its needs. Last week’s planted acreage report had everyone...

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