Search results

I have no knowledge of Al Brooks, but the Amazon reviews of the book you mentioned (the single star reviews) are pretty bad. If you are clueless about what Mr. Brooks is trying to say, seems you have a lot of company. I wouldn't spend anymore time with that book right now. Move on to Edwards...

source is Luke Gromen. And I don't take numbers from any central Government too literally. too many vested interests. too many highly funded public sector jobs to protect. and even at 108%, this country is probably way out over the ski tips. Next recession will magnify all the leverage. If you...

I haven't been reading any current "doom and gloom" books, but I pay very close attention to some of the stats on debt levels, especially for sovereigns. Best current source on that are videos and writings from Luke Gromen. He has many vids on Youtube. From my POV, he's the current Guru...

Better mental image, with the CPI at 15%, think Jay Powell says "Here - hold my beer !!" :cool::cool::cool::cool:

Oil well fires are a fairly recent phenomenon. While the natural reaction is to flee from an oil well fire, somebody still has to put the fire out. Two guys from "Boots and Coots" reasoned that if they kept the oil away from the oxygen, the fire could be extinguished. The "tool" to keep those...

Wow, that's pretty harsh. Do you want me to never post here again ?? If so, that's not a problem for me.

Just have to mention, 1) somehow EW brings out the worst in people, the most strident. 2) I used to follow Tony Caldero pretty closely. Although he was sometimes right, his adherence to EW rules was otherwise costly to those who took it too literally. I have heard of Avi Gilbert. If he is doing...

Yes, as I said, if the system gives unreliable buy and sell signal, Why chastise people for not following the EW rules religiously. It makes the EW look like a Cult. Maybe better to ask people where they think it fails.

Scataphagos said : "If you replaced your"5" with the "3", and ..." Right, that would be texbook EW. But what has really changed since Ellliott departed is so very many parties are trying to move the market. Years ago, I knew a Ser 7 guy had some large positions in small stocks. He would try to...

It just doesn't look good.

OK, but back to the point that almost any TA person would agree with "EW counts are notoriously subjective and highly subject to failure." Elliott was probably onto something, but never finished it. And I don't believe anybody else has, e.g. Robert Prechter. If anyone had, EW would be the best...

To the chagrin of investors, swing traders, and shorter term folks, Silver has turned into the doggie trade. What's up with that? I had a bunch of paper silver (PSLV). Thought is looked a little weak, but I made some money, sold all (and my GLD) by early July 2021. The cash silver market still...

Good interview Palisades Radio just now. Fertilizer shortages starts at 16 minutes

Current U.S. Treasury rates: 1 year - 0.450% 2 year - 0.880% 3 year - 1.15% 5 year - 1.47% 7 year - 1.66% 10 year - 1.73% Why are these rates so low? Recent CPI prints are high single digits. Because ... maybe ... the U.S. Treasury can't afford to pay higher interest rates? So, to keep these...

DBA: Allocatiion (from Yahoo Finance) Cash 24.11% Coffee C Future Sept 21 7.43% Corn Sept21 6.82% Sugar No. 11 Futures Sept21 6.71% Soybean Nov21 *** When a sovereign puts "price controls" in place, it becomes uneconomical for producers of that commodity to produce more. Result: shortages...

Yes, I am aware how Contango and Backwardation work. I just don't trade futures contracts, so I don't follow those data points. You maybe correct. My apologies. My positions right now are in the AG space (grains). They are working OK (just slightly underperforming the $SPX past 18 months)...

OK, that means Nov 2023 ??? Frankly, I don't think that matters. The chart I posted is monthly bars, 16 year range. I'm watching for a "paradigm shift" in commodity prices. (that means $WTIC at all time highs next few years). Time premiums don't matter much, I don't think.:)

Up more than $2.00 today. The old high (in the futures) was $85.41. The way it's running, that's not far off. This is a big bottoming pattern. Some oil pundits been saying that recently: "The cheap stuff is all gone" Too bad the FED can't print some Crude Oil.

40 Year chart says there's a very nasty move coming. I'd say first half 2022.

Maybe but ,,, Right hand MACD cross on the monthly. Left hand cross on the Quarterly. This thing has been building power for years (higher rates)