Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
no double bottom in EUR: ECB merely postponed QE enlargement into Q1 2016 as a colleague-to-colleague grace from him to Yellen at a time when FED needed it to have room to hike its rate and thus reinstate world’s trust in it.
The dollar has been in a 7 year bull market. Why would anyone not trust it?
You said it best
Wouldn’t the US markets mimic the price action in USD of 2015 for 2016?
Gary, you are soooooooooooooo going to love this.
USD versus JPY.
In fact, Jamie Saettele was the only other guy who pointed out the long-term gold support line from 1999…which of course has been supporting gold prices above $1K until now…
I think The Fed hikes…12.5 Basis points. They always like to give positive surprises to the market. With a 70% probability of a 25 Basis point hike prices, which effectively is a 100% chance of 17.5 basis points hike, they might do 12.5.
And gold was in a 7 + 3 year bull market.
WHAT IF – the rate hike is for REAL next week? Watch for a potential 28% to 37% rally in HUI, only to be stopped by its major vertical resistance from the peak in 2011.
William me thinks:
Commodities timing band low in mid Jan 2016?
Mid March counter trend rally top?
Mid June bottom?
US markets 2016 consolidation phase
Energy will be money up and down
a DCL in USX should be put tomorrow and the dead cat bounce should last from tomorrow until FOMC’s Wednesday after which everything as you said.
I do believe though in a short-lived, powerful rejuvenation of USX until March to render a bull trap and a final 3-digit low for gold which will look like a shakeout below the 1000-notch.
Thanks William! P&F $hui 3 box breakout targets 149 plus $hui:$gold ratio uptrending since August.
There is a ‘beautiful’ inverted hammer in the making on XAU & XAG monthly charts, exactly like the one in Sept that was followed by a rally in Oct. Assuming these patterns remain intact upon December’s closing, even if we do not see a rally this month, it should happen in Jan 2016…
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/c3de7f66-9f96-11e5-beba-5e33e2b79e46.html#ixzz3uAMCTCMd
“There’s a new American dream,” says Torrey Easler, a Baptist preacher who helps feed a growing population of poor in the town of Eden, North Carolina. “The old American dream was to own a home and two cars. The new American dream is to have a job.”
2016 – 2017:
Junk bond implosion instigator
Hyper inflation going into deflation
Housing bubble bankruptcy part II circa 2008
QE immunization phenomenon
US and global market meltdown
Energy and miners meltdown
Continual shorting will be best investment whereas most think bottoms are close
Seems unlikely that central banks would just sit on the sidelines and watch 6 years of QE go down the drain without opening the money spigots again.
indeed, the ECB will not sit on the sidelines but act decisevely in Q1 2016 –> this will boost both USD and stocks as they’ve been in tandem for a couple of years.
It wont be FED’s case, though. It will to a respite in order to reinstate credibility before acting again.
Has Schiff cried real tears and publicly admitted he was wrong yet? 🙂
He wasn’t wrong just early.
“He wasn’t wrong just early.”
…but not early enough to prevent his followers from going broke 🙂
actually…early enough to cause his followers to go broke 🙂
Name these followers for us and who is broke?
Will you still be appearing on the Korelin Economics Report?
Maybe sporadically. I can do daily commentaries much better here and include charts.
There has to be negative ramifications of 6 years of artificially propping up the markets with QE right?
Huge overload of currency and debt needs to exhaust themselves through deflationary consequences
The global markets will follow suit
Can metals take front stage once again?
Junk bond implosion from the energy boom has just started!
3 bubbles vs. 2 of 2007/8 are here (stock market, real estate and junk bonds)
Saudi ulterior motive along with global fundamentals but more crucial the bond meltdown should eventually take crude not to $32.99 by mid January but to post 9-11 levels near the $20 historical support line later in 2016!
Double top of 1980 unraveled eventually to the $20 arena pre 9-11 timeframe.
All bubbles do eventually bust and recede
Name me one that has not
Aug 24th was a warning shot
Pure ignorance thought we could go to all time highs
Failed triple top SPX
Sorry bubbles still intact are Hello Kitty and Star Wars