This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
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.
Bounce as in from Monday morning OR do you mean a lower low rally?
Hard to say. The CRB is deep in the timing band for a final 3 year cycle low. The COT is at max bullish levels. Sentiment is at 17% bulls. That kind of pessimism has only been seen a few times in the last 30 years. Almost always as a long term bottom was forming.
Ali Baba wants to kill all shale and frak, still has a bit more to go before a pile of bankruptcies emerge.
Ceude going to 32 dollars soon !!!
This should be spot on… currently it looks like a bounce only.
Gary, if cycles aren’t functioning in gold.. can they function in oil and the CRB….???
thanks
The longer term cycles are still pretty dependable in gold. It’s just the shorter daily cycles that the bullion banks stretch out to virtually any length they want to run traders stops. So it has become next to impossible to time daily cycle bottoms. There always seems to be one or two fakeout bottoms to fleece short term traders.
I still feel we are on a brink of disaster across the board
2007-8 recession has not resolved itself
High yield junk bonds are amidst a 2008 debacle
All facets will be affected in 2016 going forward
Energy industry will feel the brunt
Negative repercussions on crude
2016 capitulation will bottom out commodities mid year
Crude and metals will be in umison
USD, traders are on the ball…are we going to see the greenback to come down swiftly as in 1994, 1999 and 2004’s posted initial rate hike cycle?
https://www.linkedin.com/pulse/usd-traders-are-on-the-ball-william-yii?published=u