Yesterday those involved in the silver futures markets were witness to one of the greatest market manipulations of recent years. There have been so many different market manipulations that it takes some doing to claim this accolade. At just before 10am US Est some participants started dumping paper silver on to the US futures market. …
Continue reading “The Great Silver Manipulation – 29th of Feb 2012”
Weekly28-02 ‘it’s too late to buy but too early to sell or short the market’. Sums it up!
We remain a little overbought here but equities have rotated and worked off a little of the over bought momentum. Here the main SP500 index: We have come a long very quickly so logic tells you a correction should occur here. We (inc many commentators) have been expecting a minor pull back for the last …
Continue reading “Macro Monetary, Economic & Market Comments..”
Ok, this week im going to cheat just a little by providing four charts.. The effect of providing four charts hints at my narrative behind the four but we are all grown ups here. I’ll leave you to draw your own conclusions as to what is occuring here. Rich
Japan is complex story. From the eyes of a western investor a surreal world where valuations seem entirely out of step with western metrics. Imagine a world where the yield you recieve for lending your capital to your government (A very indebted government with 200% debt to gdp) is less than 0.95% per annum for …
The Swiss team are pretty much where they were last week.Short term very overbought. Increasing divergences with selectiveness increasing as the broad based rally breaks down. A pull back before the final leg up to 1370 (and change) into end q1 early q2 before the cyclical bear resumes. The JPY and Nikkie very interesting and …
Continue reading “Weekly Technical Update – ‘Risk On Trade Losing Momentum’”
The Swiss team sight the ‘momentum of the January bull leg is unsustainable. They also point out that, ‘a classic price top is still missing in any one of the major indexes’ so too early for selling or shorting. They believe any kind of near-term weakness as the beginning of a top building process that …
Continue reading “Weekly Technical Analysis – Near Term Remains Overbought..”
Here we see the Dow cash which on Friday met her prior high set April 2011.. Its not a breakout yet on the dow cash but its very close now.. The wider S&P500 isn’t performing as well as the DOW for obvious reasons.. ie that large multinational cos are greatly prefered at present due to …
Continue reading “Chart Blitz – (A Purely Price Analysis)..”
Below the pretty up beat WF view of the weekly fundamentals. Or, at least, relative to where we seemed to heading just a few short months ago. A few chart highlights I’ve taken from the report. Firstly, as those following events closely already knew, the pmi across the world were indicating a great slow down …
The Swiss team continue to look for a shallow pull back in the major equity indexs. They are looking for a sector rotation from high beta stocks (ie copper miners) into low beta/defensive stock like utilities. They show a chart pattern of a potential utility breakout here and now. Also of note, having correctly turned …
Continue reading “Weekly Technical Analysis. Equities Overbought But HUI To Continue Breakout..”