Jun03

Gold has had its breakout above 1700, and should continue to rise. Which does seem to contradict a rising market – since gold is generally supposed to have a negative correlation with the markets. However we can see gold seems to be moving in sync with the broader market. I imagine we will see moving shifting from equities into gold and...

Jun03

Couple of days ago, I changed my stance on the market. With S&P500 breaking above 3000 level and sustaining this, and commodities such as Oil heading up and strong, along with world economies opening up, it seems we have at least a couple of months of bullish markets. Interestingly enough Goldman Sacs changed their stance as well on the same da...

Jun03

Regrettably, the technical divergence witnessed recently on WTI totally failed. Oil is simply too strong, with world economies opening up. Couple of days ago I had this chart with my observations noted: It seems quite clear that price is heading to $43 at least, possibly $48, where it should meet its ema(200).   My view on the m...