Gold Attempting Breakout Within 50-Year Rising Channel
The past 50 years have seen gold prices trading up and down but within a rising trend channel. Several things impact the price of gold, including the US Dollar, economy, war, uncertainty, etc. Our current environment is filled with concerns about all of the above. And...
Bank Stocks Will Be In Big Trouble If Support Breaks, Says Joe Friday!
It’s September and the stock market is trading just below all-time highs. BUT, volatility has crept into the equity markets. Uncertain economic data, questions about the Federal Reserve’s next move, domestic politics, and wars abroad are consuming investors. SO, it is...
Copper Facing Historic Price Decline If Support Fails!
Copper prices have continued to fall and this decline seems to be in alignment with potentials talks of Federal Reserve interest rate cuts. When Doc Copper turns south, it’s worth taking note. Earlier this summer, we wrote the bearish price reversal in copper and what...
Tech Investor Warning? Nasdaq Duplicates Historic Bearish Pattern!
The stock market is still trading near all-time highs. However, it’s been trading with high price volatility for several weeks. War abroad, geopolitical and domestic politics, and of course the Federal Reserve and interest rates… taken together, this is causing the...
Gold / US Dollar Price Ratio Making Historic Move!
The price of Gold has been moving steadily higher over the past year, making new all-time highs. It’s currently trading over $2500! And we have been forecasting and discussing this for the past two years. Read more here. Today, we look at an important Gold price ratio...
Japanese Yen Sizzles and Fizzles: Watch the August Close Says Joe Friday
We discussed the prospect for a low on the Japanese Yen currency several weeks ago. Here is the link to that article. And you can see the original chart below. “The facts, Ma’am. Just the facts.” – Joe Friday The Japanese Yen did rally off important price support and...
Stock to Bond Ratio Testing Important Price Support!
It’s important for investors to follow stocks and bonds. And even more important to understand the relationship between them. Today, we highlight the past 20-years of there relationship via the S&P 500 Index to $TLT (long-term treasury bonds ETF) price ratio. In...
Is the Japanese Yen Nearing an Historic Bottom?
The Japanese Yen currency has been in a strong selloff for the past 12+ years. Today, we ask: Could the Yen finally be bottoming? As you can see on the long-term “monthly” chart of the Japanese Yen below, the currency needs some bulls. The latest selloff has the Yen...
Copper Price Peak Signal Suggests Lower Interest Rates Ahead, Says Joe Friday
Investors have been watching the Federal Reserve and interest rates closely for the past several months. Well, actually more like the past several years. But maybe they should be watching copper prices for clues on where interest rates are headed. “The facts, Ma’am....
Gold Bullish Indicator Breaking Out To New Highs!!!
Precious metals continue to show strength this year with Gold breaking out to new all-time highs. Could things get even more bullish for Gold? Well, today’s chart highlights a key precious metals ratio that is working on a 13-year breakout. Below is a long-term chart...