Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Close with Modest Losses but Miners Gain on the Week
By: Chris Mullen, Gold Seeker Report

Life Under Manipulation
By: Theodore Butler

Legendary investor names his top junior resource stock picks right now
By: Peter Spina, President, CEO of &

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

Taxes, Macro Signals, Seasonality, US Stocks and Gold Miners
By: Gary Tanashian

The Key to Profitably Ending Precious Metals Price Suppression And Other Markets Manipulation!
By: Deepcaster

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

The Lemmings are Heading Towards the Cliff...Again
By: Gary Savage


GoldSeek Web

SPX 500 "Death Candle" Update

 -- Published: Monday, 2 May 2016 | Print  | Disqus 

By Craig Hemke

As the month of April is now in the books, it's time to once again update the S&P charts to see if the lines remain crossed. Is a 2001 or 2008 stock market crash still imminent or is it time to sound the all clear?

First, some history. It was early August last year when we first noticed the incredible similarity to 2000 and 2007. As this current pattern plays out, we've taken to writing updates at or near the first of every month because we are watching monthly charts for clues. Here are just a few of the posts we've written:

If you've been following along, you'll recall that we identified the final, key predictive indicator to be a bearish crossing of the 6-month and 24-month moving averages for the S&P 500. This bearish crossing preceded the market meltdowns of 2001 and 2008 and we saw this final piece of the puzzle drop into place on March 1. Since then, though, the "stock market" has done nothing but go up, up, up.

So, is that it? Has the danger passed?? Have The Central Planners won???

Not so fast, my friend. As you take a good, long look at the chart below (click to enlarge), you'll notice that the MA lines remain bearishly crossed of today...the danger has definitely NOT passed. However, the recent rally will soon carry significant weight in the calculation of the 6-month MA so time is running short. If the "stock market" is going to collapse based upon all of this death candle history, then the collapse is going to have to start pretty soon. If the market can make it to July 1 without rolling over, the 6-month should bullishly cross back up and through the 24-month and it would appear that the crisis will have been averted.

At the end of the day, the warning remains in place. Now is NOT the time to be complacent. If you own stocks, mutual funds and/or have exposure to the stock market through your 401(k), you MUST remain keenly aware of the risks at present. Market history doesn't always repeat but it very often rhymes. Therefore, so long as the charts continue to bear such a striking resemblance to 2001 and 2008, the risk in participating in the "stock market" remains high.

| Digg This Article
 -- Published: Monday, 2 May 2016 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.