Overall, both our work suggests that the market has struck an important bottom back in March. And, as long as pullbacks continue to hold support, our combined analysis seems to be pointing towards the 4000SPX region, and potentially even higher than that in the coming years. Full Story
By: Chintan Karnani, Insignia Consultants - 29 May, 2020
Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new range. Full Story
First week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.
I warned you about this situation. Gold's option expiration on Tuesday. Usually see an attack. The triangle consolidation pattern was blocked and not allowed to get follow-through, the technical will transform into a box:
By: Chintan Karnani, Insignia Consultants - 27 May, 2020
China is preparing for an armed war with India. China is preparing to unleash a trade war with the world. China is rightly angry over American interference in the internal matters of Hongkong. Nations are giving more and larger infrastructure projects to domestic companies. They are sidelining Chinese corporates as much as possible. Internal sentiment is anti-leadership among the masses for the communist leadership. Armed war, trade war and hyper nationalism is the only way to increase approval rating. The sum of all this is that gold investment demand will rise. Physical gold demand for retail investment will set a net rise every month for the rest of the year. Full Story
By: Chintan Karnani, Insignia Consultants - 26 May, 2020
Giving a bullish silver view is like shouting wolf. I am confident that the bullish silver wolf will arrive this year. Negative interest rates due to COVID crisis should result in a sharp rise in silver investment demand. Silver has to shed its industrial metal tag. Until then, there will be continued sharp selloffs if and when industrial metals suffer losses. COVID crisis will not result in significant reduction in industrial demand for silver. Silver investment requires patience and is not… Full Story
The reason that this article is titled “Getting Positioned for the WORST DEPRESSION IN THE HISTORY OF THE WORLD” is that debt and derivatives have never built up to such vast levels on a global scale before. It will take a correspondingly severe depression to eliminate this gargantuan mountain of dross.
Greg Mannarino postulates in his uniquely insightful video blogs that a big reason for the lockdowns was to intentionally kill the economy and bring the velocity of money to a dead stop, so that the Fed could create limitless amounts of money to buy and backstop everything without immediately stoking inflation leading to hyperinflation, and also to destroy small businesses so that their assets and workforces could be mopped up by the big corporations who are the beneficiaries of bailouts. Full Story
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