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Showing posts from February, 2016

Falling Out of Love With The Markets?

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A Valentine Update A quote from an unknown trader:  "The Stock Market is the only market where people walk out  when the prices have been slashed!" Today, I howl with the wolves: "Surely, at this price level you are not getting out of stocks?!"  Instead of support, my spam box is filled with useless  e-mails, telling me how wrong it is to trust the markets at this stage, conjuring up visions of a repeat of 2008, and worse.  It annoys me no end when the scaremongers manage to undermine many investors' ability to stand their ground.  I go with the saying, - markets aren't always right about where they are or move to, but the explanations for it are wrong most of the time. -  As much as I respect Ellioticians for their wave work (like my Indian friend Ashish), but on this occasion, his counterparts in the US take the biscuit of all the silly comments (but then what do they know about Neo Waves ?)  So that they can say, "I Told You So" later

Mighty Strides for GOLD, OIL,and USD

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Should I say, "The USD has gone down"? Or are "GOLD prices finally in a Bull Run"? Maybe "OIL has found a price bottom and is set to go higher"? Cause and effect are particularly obscured in this case.   Which one came first?  OIL Brent Crude Oil, 3-month, January 2016 low at $27.63 Source: www.investing.com OIL prices seem to drift lower for ever , at least since June 18, 2014, when oil traded at $115 a barrel. Meanwhile, the talking heads blamed a successful fracking industry for the lack of foreign oil imports into the US, resulting in an oil glut, and rapidly falling prices. Then they blamed the lack of action by the OPEC nations to limit supplies as a measure to regain price control. Why would someone (...in control) let prices slip 70%, if he could help it? No-one seriously dared to put the blame on the US dollar. Among the many oil producing nations, Russia suffered a serious economic setback, as a result of low oil prices, - and the