Lee AdlerIncluding 5 holdovers from last week, there are now 13 open picks on the list, all longs.
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive
Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
I started to wonder how the banking indicators were looking lately. I’ve looked at the charts this morning. In updating this for you, I’ve again attempted to minimize the verbiage here. The charts are bad enough.
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.