Resource analyst John Kaiser says that if there isn’t a turnaround in the price of gold and other commodities in the next 2-3 years, the western mining industry faces a serious crisis.
As we stand now there is far more right than wrong with the technical picture of the market. There are fewer stocks now in basing or advancing patterns than earlier in the year, but the weight of the evidence still gives the bulls the benefit of the doubt. I pointed you toward the 50-day moving averages the past few weeks. Those levels have been touched and successfully tested more than once over the past several weeks. The action at these support levels leads me to believe that the bulls are still in command.
Since May 22nd the markets have been taking a much needed breather and have continued to cool off into this week. While the markets have had a mild pullback, there is nothing in the data below to currently alter our bullish outlook for the market and economy.
Felix Zulauf: Japan Will Be the Root Cause of the Next Global Crisis
Also, if consensus is correct, bond markets are at serious risk
Felix Zulauf, a member of the Barron’s Roundtable for over 20 years and a former global strategist at UBS, joins Financial Sense Newshour to cover a wide range of global macro issues, including today’s deflationary environment versus the inflationary 1970’s, Japan as the likely catalyst of the next global crisis, why the bond market is in trouble, and that gold could decline before another buying opportunity. Felix also does not believe that the Fed will ease off its QE program in 2013.
The historical relationship between P/E multiples and earnings growth suggests, strongly, that growth revisions in the second half of the year will be positive ones.
Harry Markopolos joins the Financial Sense Newshour to describe the gripping details surrounding his involvement toward uncovering the largest Ponzi scheme in financial history, how and why the SEC turned a blind eye to his efforts, along with his thoughts on the current state of affairs in finance and big banking.
The Dying of Money, written under the pen name Jens O. Parsson, is perhaps the best explanation ever written on the process by which inflation works through markets and the economy. Considered a “Must Read” by Jim Puplava and regularly quoted by him on the Financial Sense Newshour, it is our honor to present a portion of his recent interview on the show where they discuss the mechanics of inflation, how it moves from the stock market into goods and services, and some of the tell-tale signs for identifying when this process is about to begin.
Michael Kantrowitz of Cornerstone Macro joins the Financial Sense Newshour to explain why they think the market is likely to improve in the second half, what a stronger dollar means for the economy, and what sectors of the market they favor moving forward in lieu of their forecast.
In the “New Normal” period from 2008 to the last few weeks a declining dollar has been good for the stock market. The dollar goes down, the market goes higher, and commodities rally. Well if you have only been following the markets for a short period of time you would think that is the way things have always been.
Market’s Bill of Health
Short term loss in momentum continues, but intermediate and long term outlook remain strong
We had a bearish engulfing pattern on last Wednesday which is a reversal pattern that suggested the short-term outlook has changed. This is evident in the loss of short-term bullish momentum as the percentage of stocks within the S&P 500 with a daily MACD buy signal plummeted to 23% over the last two weeks from a 75% reading...
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