Monthly archive March, 2012
by
prestonni
on
Mar 27, 2012 •
The Swiss team haven’t changed their minds. They see yesterday’s new highs as a wave 5 of this trend. They still favour a near term pull back sighting the weakness in the cyclical material, industrial and transport stocks as evidence. We can see this recent rally has not carried miners or industrials with it. Other...
by
prestonni
on
Mar 20, 2012 •
The Swiss team’s latest technical report below. They are sticking their prior view of a topping process. 1340 as a team nerm target before a retest of the recent highs before a may-ish resumption of the cyclical bear. In my view we are likely for a setback here and now. I have no set view...
by
prestonni
on
Mar 20, 2012 •
The UK and US present us with the model for how developed nation’s economic recoveries will play out. Their recoveries are built on the basis of more consumer and government debt funded by increases in taxes and debt monetizations artificially surpressing interest rates to stimulate more consumption and reductions in savings. Wages lag inflation so...
by
prestonni
on
Mar 16, 2012 •
by
prestonni
on
Mar 13, 2012 •
The Swiss team are where they were essentially. They have revised up their near term S&P target but remain very cautious on the rally and advise not chasing. They maintain an end of Q1, early Q2 top followed by a resumption of the cyclical bear. “From a cyclical perspective, May to July should be weak...
by
prestonni
on
Mar 9, 2012 •
A supplementary trio on the US jobs data…
by
prestonni
on
Mar 8, 2012 •
The ECB now leads the world’s central banks by quite a margin in terms of size and risk of her balance sheet. The ECB’s balancesheet, post LTRO2 has hit a whopping $4trn. It is a dark comedy that the financial crisis of 2008 resulted from Bank’s over inflating their balance sheet exposures. As we can...
by
prestonni
on
Mar 7, 2012 •
Im out of the may silvers i added a few weeks ago at 33.26. 33.26 is about where i entered a few weeks ago. I made some money on the day of the take down so overall im up but the whole experience has certainly left a bitter taste in the mouth. And so, here...
by
prestonni
on
Mar 6, 2012 •
Weekly06-03 Comment later as off skiing.. Rich
by
prestonni
on
Mar 2, 2012 •
by
prestonni
on
Mar 1, 2012 •
Yesterday those involved in the silver futures markets were witness to one of the greatest market manipulations of recent years. There have been so many different market manipulations that it takes some doing to claim this accolade. At just before 10am US Est some participants started dumping paper silver on to the US futures market....