Above is a chart of gold that I’ve kept on my screens for a while. The triangle breakout that I noted to wait for on this blog occurred in August. It’s now hit its first level of resistance that I had noted on that blog via the dashed green line. As mentioned on that Read More
Yen bounce suggests weakness for the Nikkei
The yen is beginning to outperform the USD. I’ve noted in the past that when the Yen rises, the Nikki stock market tends to underperform. Here’s a blog explaining that phenomenon. Below is the Yen/USD chart. Note the bounce off of support for the Yen/USD ratio. This suggests the potential for a nice rally on Read More
Auto sector: time for a test drive?
I was asked on my last BNN appearance about my opinion on GM, the largest auto seller in the world. “The General” received some unfavourable press recently surrounding ignition switch faults that resulted in deaths and injuries. The stock fell from its December 2013 of around $41 to a recent low of $32 before Read More