It’s interesting how Khashoggi’s murder top-ticked oil and gas prices… …and, so soon after Trump’s latest demand that OPEC lower oil prices. I’m certainly not insinuating that Trump had anything to do with Khashoggi’s murder. But, OPEC ignored Trump’s Sep 20 demand. Two weeks later, oil prices had spiked 10% higher. Since Oct 3, the … continue reading →
Tag Archives: Dollar
Today should shape up as a battle between holding a much-cherished round number (SPX 2900) and backtesting solid support (the January highs.) The futures are off about 5, with yesterday’s downside target of 2878.50-2881.95 still looking good — if SPX will relinquish 2900. Much will depend on the yen, which is strengthening in the midst … continue reading →
Everyone who drives knows that gas prices increased more than 3% month-over-month – the official, seasonally adjusted numbers from the BLS in this morning’s CPI report. Data put together by non-governmental sources confirms it.But, folks like GasBuddy and AAA aren’t responsible for cost of living adjustments for millions of Americans. So, unlike the BLS, they … continue reading →
In our last major update [see: Jan 26 Update] we noted that gold, 1355 at the time, had reached the same price level at which it had frequently reversed. Even though we’d had a bullseye at 1377-1380 for over a year, it had stopped short several times. GC is sitting just below the neckline of … continue reading →
That’s a relief! For months, pundits have been arguing whether the Fed needed to hike interest rates three times or four times this year — you know, because of all the growth coming down the pike. Fed Über-Dove and “Man Who Thinks Market Integrity is Overrated” Jim Bullard just announced that the correct number is … continue reading →
I called a top in SPX on May 20, 2015 [see: The Last Big Butterfly] because it was about to reach the 1.618 Fib extension at 2138 — our upside target from way back in 2012. SPX peaked the following day and fell over 300 points before it was all over. What I didn’t notice … continue reading →
Yesterday started out with a VIX-driven pop that quickly fizzled and nailed our downside target before rebounding and hitting our upside target. Since SPX closed right at resistance, it needed a boost overnight. So, why not go back to the same clever trick that worked the day before? Yes, VIX’s red channel has broken down … continue reading →
Gold is approaching our next upside target from two weeks ago [see: Gold – Following the Yellow Brick Road.] continued for members… … continue reading →
Yesterday, we got a taste of what happens to United Airlines passengers who are “disruptive and belligerent.” In what is being described as one of the biggest PR fails in recent memory, United CEO Oscar Munoz defended the action taken to forcefully drag an Asian-American doctor from a flight that United had overbooked. No … continue reading →
I’m not a gold bug. I’ve always thought the price is pretty heavily manipulated (long before it hit the headlines) and I guess I’ve avoided it on principle. Looking back at my forecasts over the past year or so, that was probably a mistake. Since our December 14, 2015 forecast, GC has gained about 19% … continue reading →