Follow-Through Weakness in the British Pound As Event Risk Looms

I have a feeling I will be writing about the British pound a lot more in the coming weeks leading into the June 23rd referendum on the UK’s membership in the European Union (EU), aka Brexit. Out the gate this week, the British pound (FXB) gapped down in early trading before the Asian open. This … Read more

Market Sentiment Still Supporting Higher Gold Prices

(This is an excerpt from an article I originally published on Seeking Alpha on February 22, 2016. Click here to read the entire piece.) Sometimes the test of a change in sentiment is not in the pace of the new trend, but instead in the behavior after that trend first gets tested. {snip} Source: FreeStockCharts.com … Read more

Market Sentiment Marks A Fresh Bottom for Gold And A Sustainable Surge

(This is an excerpt from an article I originally published on Seeking Alpha on February 14, 2016. Click here to read the entire piece.) Google Trends continues to prove itself useful in assessing the potential for important turns in the direction of gold, specifically the SPDR Gold Shares (GLD). On November 29, 2015, I wrote … Read more

Apple’s Currency Index Turns A New Page In Apple’s Financial Results

(This is an excerpt from an article I originally published on Seeking Alpha on January 30, 2016. Click here to read the entire piece.) Apple (AAPL) reported Q1 2016 earnings that disappointed the market. The negative reaction was consistent with the Apple earnings trading model. This time around, I took particular interest in Apple’s accounting … Read more

The Currency Market Is Lagging A Dramatic Shift in Brexit Sentiment

In late February, I wrote “Forget The Yuan – The Devaluation Of The British Pound Is Breathtaking.” At the time, I suggested that Google Trends on the search term “Brexit” indicated that the breathtaking losses in the British pound should soon abate (against the U.S. dollar). Sure enough, the pound printed a bottom within a … Read more