Interestingly, the goons backed off on gold but pressed silver from the short side. Gold CoT sees large Specs less long and Commercials cutting back on net shorts. The issue here is that gold remains on a slight trend toward improvement but is not likely at the end of such a trend. Silver CoT has the Specs covering shorts (now net long again) and Commercials … Continue reading Gold & Silver CoT
Here is just one picture from said whipsaw, and its an important one as a cyclical indicator; Industrial Metals (positively correlated to the economy) and gold (generally negatively so). A really nice breakdown in IM/Gold was followed by a neck snapping spike and now… down periscope. The weekly goes from breakdown to fully intact to suspect again. I do not post here pretending that I … Continue reading Macro Whipsaw Continues in Metallic Indicators
This is unfortunate for a member of the buttoned down, highly paid stock analyst community. Sanford Bernstein has evidently been bearish on Intel all the way up, most recently reaffirming a ‘sell’ on the stock: April 24, 2018: Intel (NASDAQ:INTC)‘s stock had its “sell” rating reiterated by research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday. They presently have … Continue reading Intel and Sanford Burnedstein
