Record unemployment? Let's celebrate! That was the response to Friday's jobs numbers, with the S&P 500 rallying nearly 1.6% to cap off a week that looked — in retrospect — predestined to log a big gain no matter what. Traders were just looking for justification. Friday's headlines somehow were enough. It's not quite ideal. In some ways the indices blew...
Both Gold and Silver Futures have been struggling to rally above recent high levels since the start of the global stock market collapse related to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metals market is boiling hot. Gold, the bell-weather safe-haven asset, initially collapsed when the US stock market started the...
Both Gold and Silver Futures have been struggling to rally above recent high levels since the start of the global stock market collapse related to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metals market is boiling hot. Gold, the bell-weather safe-haven asset, initially collapsed when the US stock market started the...
Friday's employment report from the Department of Labor wasn't quite as ugly as expected, though it could be described as nothing less than disastrous all the same. The "loss" of 20.5 million jobs translated into an unemployment rate of 14.7%. Both were records. Yet, the bulk of those job losses weren't a case where there wasn't a job waiting for...
Friday's employment report from the Department of Labor wasn't quite as ugly as expected, though it could be described as nothing less than disastrous all the same. The "loss" of 20.5 million jobs translated into an unemployment rate of 14.7%. Both were records. Yet, the bulk of those job losses weren't a case where there wasn't a job waiting for...
Recently, we received a number of email messages and comments regarding our recent Bitcoin article and how we attempted to explain the market trend/technical analysis. It appears we were not making our interpretation very clear for our friends and followers. This article should help to clear up our interpretation of the major market trends and our advanced technical analysis tools...
Recently, we received a number of email messages and comments regarding our recent Bitcoin article and how we attempted to explain the market trend/technical analysis. It appears we were not making our interpretation very clear for our friends and followers. This article should help to clear up our interpretation of the major market trends and our advanced technical analysis tools...
Wednesday ended up being as wash, with the NASDAQ gaining ground while the S&P 500 lost it. But, all in all traders were likely glad to have a relatively tame (on balance) day that let them catch their breath. It's a chance to take a step back and look at the rally that's unfurled since the March 23rd low. It's...
Wednesday ended up being as wash, with the NASDAQ gaining ground while the S&P 500 lost it. But, all in all traders were likely glad to have a relatively tame (on balance) day that let them catch their breath. It's a chance to take a step back and look at the rally that's unfurled since the March 23rd low. It's...
What happens to the global markets when the US Fed begins to weaken stimulus activity and when the global markets must begin to function on their own? Are the global markets capable of sustaining current price levels without the Fed supporting them? A recent news article suggests the US Fed has drastically slashed stimulus activity over the past 5+ days. ...
