20/10/2011

10/20 Weekly Unemployment Claims Report: Bleh

By John Galt October 20, 2011 – 12:45 ET Party like its 1931 gang as this chart is not improving by any stretch of the imagination, no matter how much imagination the bureaucrats infer in the seasonal adjustments: (Click to enlarge/reduce chart) To make matters worse, super spikes and falls might be smoothed out by the seasonal adjustments but they make for ugly, ugly back to back reports as you can see below: The bottom line? The unemployment lines are now poised to get longer as the financial sector implodes again,…


10/20 U.S. Market Preview: The Fan is in place for the incoming

By John Galt October 20, 2011 – 05:30 ET All you need to know about what is coming can be found in the charts below. Things are breaking down in Asia and Europe thus it is a matter of days perhaps when we take the lead back and head south for the winter. Gold, using the GLD ETF, is indicating a massive break about to happen below the $1550 mark, probably below $1500 (150 on the ETF approximately) in the days ahead: (click on graphs to enlarge/reduce size) The 50 day…


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