Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
On any day that commodities prices move materially, the financial media is quick to ascribe their action to the US dollar. And this oft-discussed causal relationship is certainly logical.
The broad market has been moving higher with great force the past 2 months. I have been expecting a top for the past 2-3 weeks. It looks like the market is starting to come in (sell off).
Numerous events have taken place of global importance. Alone, each story seems of some significance. Together, they paint a mosaic of extreme change in a very dangerous sequence of events that fit together.
Last week GFMS and the Silver Institute released their annual press release which sums up the basic supply demand equation.
In summary, it looks like the current upward technical reaction in the Primary Bear Market can be expected to suck more investors into the markets for another couple of months.
From August 2007 when the world passed the tipping point it has been in the grip of massive deflationary forces that have already ravaged portfolios and pension plans and resulted in millions losing their jobs.
I am repeatedly asked how I can reconcile my belief that we have begun a deflationary depression with my belief that Gold is still in a bull market.
This has been a volatile week for the market. Equities sold off Wednesday pulling precious metals stocks with it. Crude oil had a small pullback but energy stocks took a beating.
The so-called 'Green Shoots' have been trampled by people walking to their Unemployment Insurance Offices to collect jobless claims in order to pay their bills.
The Enemies of Capitalism are not the Socialists, Marxists or Communists because everyone knows who they are and what they stand for.
We are going to continue to take a bit of a break from our editorial series "The Effects of Dollar Inflation" while we continue to track the progress of what we expect to be a sharp run higher in the PM complex into June.
Gold, Silver and Oil breaks out to new multi week highs and shows signs of more strength to come. The charts below show both weekly and daily trading analysis pointing to higher prices for these commodities.
We are going to start this article with a premise, which is that the bond market and the dollar are much more important to the powers that be in the US than the stockmarket.
Another week, another move higher. I am nearly convinced that the storm has passed now and that sunny days are ahead for a long time. That is what I will say in 2012.
An ascending wedge pattern forms when the top of a rising trend channel converges toward the rising trend line that forms the bottom of the channel.
I have put together some interesting charts using the weekly time frame because they provide a cleaner picture of what to look for in the financial markets over the next 3-6 months.
In a bizarre exercise intended to defend legitimacy, the bankers are engaged in a complex game of propaganda.
Gold stocks have been performing well but I cannot help but notice that the gold sector has reached a major resistance levels on the monthly chart.
The Dow rose 1.69%, the S&P rose 1.30% and the Nasdaq gained 1.47%.
In the past few weeks the tone of this analyst's articles has turned markedly more bearish.
"The problem with Socialism is that you eventually run out of other people's money." Margaret Thatcher
Symmetry is beautiful and best shows up on a chart. Naturally, situations can change in markets and technical analysis is a bit of mathematics, art and luck all wound up in a knot together.
There are countless tips on how to make money. This article is not about that.
The battle for survival continues, as banks resorted to basic revisionist accounting (aka fraud) in order to claim improved health. Their reward was a financial sector stock rally of the most queer kind.
We are looking for the PM sector to make a big run starting right about now- a run that will likely take $Gold up to new highs over the next couple of weeks. Let's take a look at a couple of charts.
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78 percent of the yearly gold supply--is made into jewelry.
