In the United States, the belt-tightening has just begun By Elliott Wave International Since the start of the European sovereign debt debacle, the word “austerity” has been bandied about a lot. It…
The 80/20 Trade: “Pounce Like a Cat”
Patience Can Be Rewarding By Elliott Wave International Copy the tiger when stalking and capturing a “pounce-ready” trade. Tigers know the prey they covet is elusive: they show great patience and care…
Europe’s Financial Fiasco: Migrating to the United States?
History may repeat itself By Elliott Wave International Few Americans realize that the Great Depression started in Europe. Now as then, the global economy is fragile. The economy is clearly vulnerable to…
Position Yourself for the Rest of “Conquer the Crash”
The earlier you prepare, the better By Elliott Wave International To this day, I wonder why Robert Prechter’s book Conquer the Crash has not been more widely recognized. It described in advance…
FOMC “Influencing Gold More Than Eurozone”, Extending Operation Twist “May Not Be Sufficient”, Spanish Borrowing Costs Soar
London Gold Market Report THE U.S. DOLLAR gold price hovered around $1630 an ounce during Tuesday morning’s trading in London – in line with where it ended last week – while stocks and…
Euro Weakness “Weighs on Gold and Silver”, “Scarcity” of Dollars Expected to Support US Currency, “Funny Money” Behind Hollande Growth Plan
London Gold Market Report THE SPOT MARKET gold price hovered around $1620 an ounce during Monday morning trading in London – slightly below last week’s close – while stock and commodity markets were…
Damn the Torpedoes
Last week in an interview on CBS Network News, Economist Mark Zandi, the chief economist for Moody’s, unwittingly revealed a central error of the global economic establishment. Zandi has made a career…
Gold Falls Following “Bernanke Curve Ball”, US “Lacks Credible Fiscal Plan”
London Gold Market Report WHOLESALE MARKET prices for gold bullion hit a low of $1561 an ounce during Friday’s Asian session – 4.8% down on this week’s high – while stocks and commodities…
Economic Reality Bites
Many people became convinced that data releases earlier this year indicated that “recovery” in the U.S. was imminent. But as I have been saying for months, this evidence would ultimately be shown…