ZH

FAST FIVE: Watching Gold

Check out the chart.  Higher lows since August,  a breakout of a crude cup-and-handle formation, and what looks like the coming test of the 200-day at 1257, which has rejected the gold price over the last year almost as many times I was in high school asking girls out on Read more…

ZH

FAST FIVE: Why Another 50% Correction Is Possible

However, when the trend changes to a bear market prices trade below that moving average. This is shown in the chart below which compares the market to the 75-week moving average. As Goldman Sachs pointed out recently, the market is pushing the 89% percentile or higher in 6 out of 7 valuation metrics. Famed demographer, Harry Read more…