Key Markets to Watch....
I am not a believer in wasting your time battling the bots or the people that for most part rig this game so let's not do it. If you are looking for lightening gains then this is probably not the blog you want to be reading. You might be looking for Gambling 101 and good luck with that. There are plenty of site out there that will be glad to take your money. I will be posting a very good article around trading conditions very shortly and you will want to read all about it. So stay tuned.
The markets I am currently looking at are Gold and Oil. Both are poised for big moves in the near future. Likely in opposing directions.
Oil remains highly overbought and any excuse is an excuse to try to ramp prices higher. Except there is no fundamental reason for it and not much of a technical standpoint either. I expect oil to shortly top out and begin a march to lower areas around the 35.00 Dollar mark. Timing is the key to this move. I don't yet think we are there as it may move sideways for a bit longer before making this move. Remember we are looking at weeks and months here ok. Not hours and days. You are either a speculator or investor or you are a gambler. That choice is up to you.
Gold should make a slow but steady climb higher here. It should eventually top out in the 1428 area where it may move higher over the coming year in 2017. I say this because I expect things to deteriorate a lot more both socially and economically over the next year. You have to ask yourself if the central banks can ward off a recession by printing money. Well if that was the case then why didn't they simply do this all along and prevent any of the market downturns that we have had. Even though we are low volume the markets cannot rise or fall forever. You can only ignore fundamentals for so long before the inevitable happens and the free markets dictate. You can lie, manipulate and steal for only so long before the gig ends. I think we are close to that point. I don't think that the companies selling shares to the fed can handle much more. I think we are getting to the point where things are tapped out. Unless they put money in the hands of the populace and clear some debt it simply isn't going to happen. Japan is a clear example of this. Carry trades will unwind and bad things will ensue. You can see by my charts where I think the markets are headed. I will post when I feel that stocks are ready for a fall but that time is not yet. However I am still building shorts as there is absolutely no reason for them to be at these levels. In truth there never has been a reason but I think here too the gig is close to being up. Excesses will have to be cleared and there is simply no way to do that other than a correction. Not a crash but a correction. So check the charts along with the time frames I have posted there. You can see that we near the end of 2016 before I think the markets will make any sort of a significant move. Perhaps into 2017 in the first quarter. If you are a currency trader taking longs in the USD/CHF and shorts in the EUR/USD capitalizes on this as money flows back into dollars and yen where most of the carry trades are in. That means shorting the USD/YEN contrary to popular opinion. Unless money finds its way into the hands of the people who really need it instead of the banking mafia then nothing will change my view. If they do start the helicopter program then all bets are off with the exception of gold. Then you can expect hyperinflationary effects which will crush everyone. Right now you are in stagflation and deflation. This means that certain commodities and good experience ridiculous inflation (like gas and certain foods) while other areas (like housing and wages) continue to be hit hard by deflationary forces. Ok now you get it. Stay tuned.
The markets I am currently looking at are Gold and Oil. Both are poised for big moves in the near future. Likely in opposing directions.
Oil remains highly overbought and any excuse is an excuse to try to ramp prices higher. Except there is no fundamental reason for it and not much of a technical standpoint either. I expect oil to shortly top out and begin a march to lower areas around the 35.00 Dollar mark. Timing is the key to this move. I don't yet think we are there as it may move sideways for a bit longer before making this move. Remember we are looking at weeks and months here ok. Not hours and days. You are either a speculator or investor or you are a gambler. That choice is up to you.
Gold should make a slow but steady climb higher here. It should eventually top out in the 1428 area where it may move higher over the coming year in 2017. I say this because I expect things to deteriorate a lot more both socially and economically over the next year. You have to ask yourself if the central banks can ward off a recession by printing money. Well if that was the case then why didn't they simply do this all along and prevent any of the market downturns that we have had. Even though we are low volume the markets cannot rise or fall forever. You can only ignore fundamentals for so long before the inevitable happens and the free markets dictate. You can lie, manipulate and steal for only so long before the gig ends. I think we are close to that point. I don't think that the companies selling shares to the fed can handle much more. I think we are getting to the point where things are tapped out. Unless they put money in the hands of the populace and clear some debt it simply isn't going to happen. Japan is a clear example of this. Carry trades will unwind and bad things will ensue. You can see by my charts where I think the markets are headed. I will post when I feel that stocks are ready for a fall but that time is not yet. However I am still building shorts as there is absolutely no reason for them to be at these levels. In truth there never has been a reason but I think here too the gig is close to being up. Excesses will have to be cleared and there is simply no way to do that other than a correction. Not a crash but a correction. So check the charts along with the time frames I have posted there. You can see that we near the end of 2016 before I think the markets will make any sort of a significant move. Perhaps into 2017 in the first quarter. If you are a currency trader taking longs in the USD/CHF and shorts in the EUR/USD capitalizes on this as money flows back into dollars and yen where most of the carry trades are in. That means shorting the USD/YEN contrary to popular opinion. Unless money finds its way into the hands of the people who really need it instead of the banking mafia then nothing will change my view. If they do start the helicopter program then all bets are off with the exception of gold. Then you can expect hyperinflationary effects which will crush everyone. Right now you are in stagflation and deflation. This means that certain commodities and good experience ridiculous inflation (like gas and certain foods) while other areas (like housing and wages) continue to be hit hard by deflationary forces. Ok now you get it. Stay tuned.
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