Mark J Lundeen
Some positive developments for gold at the COMEX need to be noted. Since January 29th Open Interest surged 137,249 contracts (Blue Plot) without retarding the advance in the price of gold (Red Plot) as much as it would have in the past.
Boring is how I’d describe the stock market last week. The last day of extreme market volatility (Dow Jones 2% day) occurred on March 1st and we haven’t seen a day of extreme market breadth (NYSE 70% A-D Day) since January 29th. However...
Gold and silver markets showed serious disrespect to Fed Chair Janet Yellen while she was speaking on “monetary policy” Wednesday on CNBC. I couldn’t say exactly what happened, but I liked it.
How’s the bear market going? Haven’t you’ve heard? Nothing but blue skies and sunshine ahead as far as the eye can see. Hard to believe, yes, but I still can’t argue that the stock market hasn’t been performing better than it was in...
Mr Bear treated us to another day of extreme volatility on Tuesday. Although it was a positive day, that doesn’t really matter as the Dow Jones 200 count (the number of days the Dow Jones moves more than +/- 2% from a previous day’s close...
The bulls made some progress this past week. But they have a lot to prove before we can believe the bull market in stocks has resumed. Just look at all the BEV Zeros below (new all-time highs) from January 2013 to May 2015; that’s what...
How did the market perform this week? No extreme days of market breadth or volatility. That’s a positive. And the Dow Jones was off its lows of last week. However since January 12th it has yet to break above its BEV -10% line in the...
Friday was another day of extreme volatility (a day when the Dow Jones closes (+/-) 2% or more from a previous day’s closing price). However I suspect the “policy makers” ripped off Mr Bear this week. On Monday and on Thursday the Dow...
Gold and its step sum are looking pretty impressive. First a short step sum review from tail end of gold’s last bear market up through today. From January 1998 through 2001 I could have placed a bull box in the chart below.
This was the fourth week that saw days of extreme-market breadth and volatility; NYSE 70% A-D Days and Dow Jones 2% Days. Yes, this week they were positive days. They helped investors and CNBC commentators forget the trials and...
