Read anything today about the fate of WTI Crude and you’ll soon get eye strain in all the Fundamental jargon used to describe what lies ahead. For Technical Analysists, dare I say, Chartists, like myself – looking at WTI Crude shows a classic and clear Elliott Wave pattern. And, one of the great things about using Technical Analysis, is that you can easily employ it to determine the direction of what you are trading. Let’s look at what classic Elliott Wave Analysis is screaming at us and how we can use it to make money: Long Term WTI April Crude Oil Futures (CLJ7) shows an Impulse wave to the downside beginning in mid-2014. This (Wa...
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease in natural gas supplies though the withdrawal was way below average as mild weather conditions restricted heating demand. About the Weekly Natural Gas Storage Report The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activities or events. The report provides an overview of the level of reserves and their movements, thereby helping investors understa...
Conventional wisdom right now says that the Fed is going to raise rates because the economy and by extension labor market are still improving. The word “improving” is subjective, so to further justify that sentiment, the CPI is back over 2% and the PCE Deflator just might join it in February. By the light of these major contributions there is every reason to be happy with the state of economic affairs. Even the New York Times agreed earlier this month: Federal Reserve Chair Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging towa...
As the federal debt has gone from astounding to unbelievable to incomprehensible, a new problem has emerged: The US government is actually running out of places to borrow. How Many Zeros Are in a Trillion? The $20 trillion debt is already twice the annual revenues collected by all the world’s governments combined. Counting unfunded liabilities, which include promised Social Security, Medicare, and government pension payments that Washington will not have the money to pay, the federal government actually owes somewhere between $100 trillion and $200 trillion. The numbers are so ridiculously large that even the uncertainty in the figure...
Bitcoin surpasses gold price – a psychological and arbitrary headline Royal Mint blockchain gold asks you to trust in the UK government Royal Canadian Mint and GoldMoney blockchain product asks you to trust in government and the technology, servers, websites etc of the providers Invest in a gold mine using cryptocurrency – but wait until 2022 for your gold and trust the miners that it is there Blockchain and gold will likely make a “good team”, but they’re not ready yet Are we nearly there yet? Gold on the blockchain. In the last few weeks there have been significant developments in the world of gold, digital gold, blockchain and ...
The following stock valuation is about General Motors, a company I came across as I was searching for undervalued companies. I would not consider it as a typical dividend stock as the history of the company is not really impressive. But let’s see what a fair price for GM is and if I would consider it as an investment.? General Motors (GM) is an auto manufacturer based in Detroit, Michigan. The company produces cars and trucks under the Chevrolet, GMC, Buick, and Cadillac brands, makes and sells auto replacement parts, and provides financing for vehicle purchases through its GM Financial arm. The company was founded in 1908 as General Mo...
By the early 2020s, rivalry for industrial innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has a rich-economy policy. The former seeks past glory; the latter cannot wait to get to the future. According to the Trump administration, after the 2008 recession, American workers and businesses have suffered the loss of some 300,000 manufacturing jobs and the slowest economic recovery and since World War II. Consequently, one of President Trump’s key issues is “bringing back jobs and growth.”[1] To get the economy back on track, the White Hou...
Gold and silver prices are at a significant crossroads. At this point, the long-term outlook remains bullish but continued short-term selling provides clues that the rally that happened in 2016 was a “false start” and gold and silver could be heading into a long-term range or a continued downtrend. First, a little background. I own several gold and silver (and other precious metal) stocks that I started accumulating in late 2016 once gold and silver had pulled back significantly from their earlier rally. The rally in gold and silver was interesting, but on its own was not enough to spark my interest in buying either of these commodities. ...
Andreas Georgiou can’t catch a break. The Greek statistician moved back to his home country in 2010, at age 50, to help right the financial ship. He left Washington, where he had spent 21 years working for the International Monetary Fund, to take over the agency that reports Greece’s financial health. Part of the problem with Greece is that no one knows exactly how big their problems are since the numbers weren’t exactly accurate. Georgiou quickly realized that the country’s budget deficit in 2009 wasn’t 6% of GDP, as Greece’s statistics service had previously said. Or even 10%. He revealed to the world that it was closer to 15%....