Author: Kevin Klombies

Over the past number of weeks we focused rather intently on the argument that the point of maximum stress had been reached at the end of September and that from here the markets would need little more than a solid nudge to...

There have been three ‘crises’ since the late 1990’s. There was the 1998 crisis that centered around capital fleeing south east Asia, LTCM, and then on to Russia and Brazil. Next up was the U.S. subprime crisis...

We have developed something of a distrust for Tuesdays. Over the past four or five years our observation has been that markets have a tendency to go ‘counter trend’ on Tuesdays. We have never bothered to keep any...

Gold prices weakened in trading yesterday but found support once again at the rising 150-day exponential moving average line. We have included two charts for this on page 4. With gold bouncing up off of support it is certainly...

This is going to be a busy week for earnings. We start things off today with Wells Fargo, Citigroup, and IBM followed tomorrow by Intel and Apple, Coke and Johnson and Johnson, along with Goldman Sachs and Bank of America. In...

The weekly U.S. jobless claims number remained on the high side of 400,000, JPMorgan reported earnings below expectations, while economic data pointed to slower Chinese growth. All in all the fact that the equity markets held in...

It will likely take both the first and second pages for us to make our point. Patience may be required. As usual.We are doing this from memory so we trust that accuracy in the details won’t be required. At right is a chart...

Aside from the fact that the equity and commodity markets are substantially higher than they were at the end of last week… we really don’t have too much more to add. Nothing new at least.The arguments have been that...

Human nature being what it is the sentiment is most bearish at the bottoms and bullish at the tops. We wrote, for example, that the one trade that appeared the hardest to make (according to our broker acquaintances) at the start...

We get asked quite often about the gold mining stocks. We are not quite sure why given that we are on record as being fairly major gold ‘bears’ but it does seem to be a topic that comes up on a regular basis. We have...