Lee AdlerGold is consolidating. Here’s what to look for to signal that it’s something worse.
The Fed is no longer pumping enough money into dealer accounts to sustain bull markets in both stocks and bonds, and it has tried to…
I’ve marveled at the ability of the players to keep stock prices rising despite the reduction of Fed QE, and the continued pounding of Treasury…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
Bullish indications mean that we must assume that the bulls remain in control until proven otherwise, regardless of the bearish liquidity forces (See latest Liquidity…
Back in December I had no idea that a pandemic was coming. I had no idea that COVID19 would cause Treasury supply to increase 10x.…
We knew this was coming. $265 billion in MBS settlements for May are almost done. Now we reap the whirlwind. Here’s what to expect and…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
The market has now been rangebound for 5 weeks, leaving the cycle picture muddled. Wave amplitude remains relatively high, while frequency has increased. If the…
Treasury issuance has caught up with QE. There are no more excess funds lying around for dealers to use to mark up stock and bond…
In normal times, the Federal Government has a revenue windfall in April, and runs a large surplus for the month. Revenues are typically at least…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.