Energy & Commodities

Martin Armstrong: Oil at a Critical Juncture

Posted by Martin Armstrong - Armstrong Economics

on Monday, 6 June 2016 8:05

“Oil is playing out within the scope of everything.  We elected the two Weekly Bullish Reversals we had in the $45 level the week of May 9th. Our first target for the reaction high was June and we have two Panic Cycles for April and May back-to-back. After June, we see September. Yes we warned with the February closing that everything held on our numbers which was implying a rally was coming in the wind. In March, we elected the Weekly Bullish at 38.40. That is when we warned the next target would be 45-49: “The two primary targets are at the $45 and $49 level. That has to be exceeded to hope for a rally to reach the formidable resistance zone in the $69-$70 area.”

CRUDE-W-6-4-2016

…read more analysis HERE

related:

3 Years Of Painful Cuts Sets Markets Up For Serious Supply Crunch

Where To Step In This Dangerous Investment Climate

Posted by Danielle Park & Michael Campbell

on Monday, 6 June 2016 7:46

Renowned author and investment advisor Danielle Park joins Michael as featured guest. Take special note of her view on the US Dollar, and her opinions on the state of the current market environment:

For more market opinion don’t miss Victor Adair telling Michael his view on the US Dollar in Live From The Trading Desk

mcdp

     Danielle Park & Michael Campbell

1. Gold’s Decline: What’s Next?

“the latest Commitment of Traders (COT) report shows yet again another record high of speculative long positions in the gold market. Do not underestimate this. It is extremely bearish.”

….read more HERE

2. Scary? Fascinating? Perhaps both.

This robot mimes human expression and may represent the next wave of robotic interaction in the work place.

….continue reading HERE

3. Martin Armstrong: Open Letter to the Guardian

    by Martin Armstrong

“The Guardian headline is supporting government propaganda that 9 out of 10 economists warn of a dire future if Britain exits the EU. For a newspaper who published Snowden, I would expect a lot more integrity on this issue.”

….more HERE

 

Could The S&P 500 Rise 20% Before Crashing?

Posted by William Koldus, Seeking Alpha

on Friday, 3 June 2016 17:18

jun1chartWhile I am definitely bearish on long-term returns, from the elevated valuations levels that the U.S. stock and bond markets are starting from today, this does not preclude the markets from becoming more overvalued, before they ultimately succumb to the gravitational pull of valuation. This is a reversion-to-the-mean concept that I like to call “valuation gravity”… CLICK HERE for the complete article

US hiring lowest since 2010: Fed in a ‘tricky’ position on rates

Posted by Lucia Muitikani, Reuters

on Friday, 3 June 2016 17:10

us workerThe U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, suggesting slippage in the labour market that could make it harder for the Federal Reserve to raise interest rates… CLICK to read the complete article