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Market Updates

COT Gold, Silver & USDX Report - March 8, 2024

Positions as of Tuesday, March 5, 2024.

Big US Stocks’ Q4 ’23 Fundamentals

Deteriorating earnings are really ominous with valuations already deep into dangerous bubble territory in this popular speculative mania.

Metals: Markets Will Focus on US Jobs Data

You're up 3.5%, another $71; this has been the liftoff and you either were in the market or there was just no way to catch that market as it took off at the end of last week.

Metals: FED Chair Powell's Testimony Will Drive Markets

It's on in a still – this is called a breakout of this trading range and if you look at the Bollinger Band, you're now fighting it at $2159.70 to get under that number.

Something Bad May Be Coming This Summer (SPX)

A sustained break of the 5048SPX level opens the door to a major market decline in 2024.

Gold Cup & Handles Abound

The most recent cup and handle pattern projects to $2350, and that cup is the handle on a larger cup and handle pattern that formed over the last two years. That cup and handle pattern projects to $2500.

Metals: FED Chair Powell, JOLTS & ADP Jobs Reports

The rally goes on. For the week, we've added approximately $40, almost 2% in price. The market has had certainly the series of moves to the upside that began late last week, and continued on.

Ponzi Economy, 2024

Consider the real economic indicators this election year, with the robo-expansion of debt (what’s a few more $Trillion for the cause?) at this crucial time.

China Sets Growth Rate at 5%

The market had what we call a kiss pattern; the 18-day average, a few days ago, went down, skirted right on the 200-day average, the market then came out of that and it lifted.

Gold SWOT: Harmony Gold to Extend the Life of the World’s Deepest Mine

Bullion has largely held ground this year despite expectations being pushed back on how soon the Fed will start easing.

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