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Exploring Finance

POSTED ON March 19, 2023  - POSTED IN Exploring Finance

Gold had a big rally last week. But is it sustainable? What are the technicals saying?

The data over the last several months continues to give insight into the market. November showed the market was in neutral, but then the December analysis correctly identified an impending move upwards, the January review called for a correction and then February concluded:

POSTED ON March 18, 2023  - POSTED IN Exploring Finance

Given the potential impacts of the ongoing banking crisis, I will start this article with the conclusion.

The current banking crisis could not have come at a worse time for the Comex system. Inventories have seen massive depletion over the last 2+ years as investors have slowly been pulling physical out of the vaults. I have previously called this a run on the vault but labeled it as a stealthy one. As though certain investors did not want to raise the alarm, but slowly take possession while inventory was still available.

POSTED ON March 13, 2023  - POSTED IN Exploring Finance

Over the past several months, Mike Maharrey and I have posted numerous articles that conclude the same way… the Fed is bluffing and when something breaks, they will fold. On every podcast, Mike has walked through exactly why this is inevitable. Back in September, I laid out the math that showed why the Fed would fold and laid out a series of risks that may cause such an event. One of those risks was “What if the financial markets freeze because there is a credit event somewhere?”. 

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