Hong Kong just announced a $6.4 billion defense of its currency peg to the US dollar.
The PMs could undergo an epic run to the three digit level in surprisingly fast order.
For the first time in perhaps decades, central banks are now accumulating silver.
President Putin directed the Moscow bank to fill the coffers with 72 pound silver bars.
The new trend suggests the already inelastic market could soon stretch even more tightly.
The bear vs. bull market struggle continues to intensify between the heavy player, the commercials vs. specs, removing the reigns, from the gold market cartel, which is now running low on physical metal formerly used to cap the paper market price.
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Bill Murphy, GATA Chairman Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.
For 3 decades the Charles Nenner Research Center has been using cycles to accurately predict the biggest moves in markets worldwide. As part of our research package, clients receive charts every Sunday, similar to the one displayed here. We created this interactive chart tutorial to help explain the 6 key elements of our charts. Mouse over each number for a description.
A short note about the research. Our cycles are found by looking for, and analyzing, a series of equidistant top to tops. These cycles can be found in any particular data series. We regularly cover stocks, bonds, currencies, commodities and economic indicators. Cycles provide direction and timing. However, the research also includes price targets and levels, which is done using complex, momentum based algorithms. To sample our reports, click on the contact us button on the top of the page.
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