We’re headed for a long period of spiralling delation … Inflation, according to Ludwig von Mises, is an increase in the money supply that is not offset by an increase in the need for money. It causes the value of money to decrease, which causes price increases for goods and services. A good example of this… Read more
Market Forecast Overview
In the year 1900, author Frank Baum wrote “The Wonderful Wizard of Oz,” which many believe is an analogy to our monetary system. It shouldn’t surprise you if you think about some of the elements: silver shoes and a yellow brick road (gold) leading to Oz (short for ounce, which is how gold is priced)… Read more
The cycles of history point to so many similarities in climate, health, societal change, and religion, among other characteristics of our experience on this planet. One of them that’s striking is the appearance of prophets at two of these cycle highs. A major cycle is the 172 year cycle that I’ve written about many times… Read more
Hope on steroids, otherwise known as “Hopium” is the “placebo” of the 21st century. You’re going to see it play out as never before with the final wave up in the US indices. Hopium creates “false” euphoria, a sense of hope that’s got little in fact to support it. The herd is on this drug “big time” right… Read more
We are witnessing a turning point in history. I can’t overstate the importance of the next couple of months to your future; to the future of the world. The theme of this week’s blog post is “Wound Up Tight.” I’d originally intended for it to refer only to the market as a whole. I’m seeing… Read more
The waves are starting to get active again. Volatility is picking up. You might be asking yourself, “Is it time to get back in the water yet?” This week should prove that it is in the US indices. It’s already proven so in oil. As I forecast, oil has started dropping to the $36.00 level… Read more
I’m not a big fan of ending diagonals. I’ve said it before and I’ll say it again: They’re my least favorite pattern. There are virtually no rules. The waves within them are in 3’s and so subwaves can end without warning, even though they appear to be in the middle of a smaller pattern. The subwaves… Read more
Wave 1 up of the ending diagonal has been a very long parade. As Zerohedge noted on August 18, “options-traders-have-never-been-more-bullish.” As I stated here last week, “I’m expecting some volatility very soon.” We may get an political/financial event early in the week. Look for a bearish rain cloud to form early in the week. On… Read more
I’m expecting some volatility very soon. It’s been way too calm in the markets for way too long. It’s summer, after all, so you have to expect that kind of action—flat. Summers are always like that. However, we’re at an inflection point across currencies and US indices and I expect a turn, likely this coming… Read more
Update: Monday, August 8, 3PM EST Above is the 15 minute chart of GBPJPY. For anyone interested in the long swing I mentioned below, here’s how we’re doing. I see 5 waves up and and 2nd wave down in progress. The entry point has changed slightly, at about 132.90. You’d go long and be in… Read more
