Monthly Archives: July 2016

Gold – bull market or just a bear market rally

While many are touting a new bull market in Gold, and Silver for that matter, history suggests otherwise. When we look back at the history of commodity prices for the past two centuries we observe generally short bull markets followed … Continue reading

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weekend update

REVIEW The week started off at SPX 2175, then spent the entire week trading within the two week, 20 point/1% trading range, until it nudged above it by one point on Friday. In the end the SPX made an all … Continue reading

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Friday update

SHORT TERM: marginal new all time high, DOW -24 Overnight the Asian markets lost 0.3%. Europe opened higher and gained 0.3%. US index futures were lower overnight. At 8:30 Q2 GDP was reported lower than expected, but higher than Q1: … Continue reading

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Thursday update

SHORT TERM: trading range continues, DOW -16 Overnight the Asian markets lost 0.2%. Europe opened higher but lost 0.5%. US index futures were higher overnight, and at 8:30 weekly jobless claims were reported higher: 266K v 253K. The market opened one … Continue reading

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Wednesday update

SHORT TERM: typical bi-polar FOMC day, DOW -2 Overnight the Asian market gained 0.7%. Europe opened higher and gained 0.8%. US index futures were higher overnight, and at 8:30 Durable goods were reported lower: -4.0% v -2.2%. The market opened … Continue reading

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