Category: Insights

Dow Theory Update for March 1: New higher high by the Industrials, once again unconfirmed

posted on: March 1, 2013

Distribution days continue to pile up. Let’s get started with our Dow Theory commentary in this blog for today. Special note on gold GLD lost yesterday (Feb 28) a 3.91 tonnes of gold (0.947%). Thus, inventories have been declining for 8 days in a row. Accordingly, inventories have declined from 1322.97 tons to 1254.49 tonnes, […]

Dow Theory Update for Feb 28: Two days of non confirmation

posted on: February 28, 2013

Yesterday’s higher high of the Industrials unconfirmed yet. Special note on gold GLD lost yesterday (Feb 27) a whopping 12.04 tonnes of gold (0.947%). Thus, inventories have been declining for 7 days in a row. All in all, inventories have declined from 1322.97 tons to 1258.4 tonnes, that is 64.57 tonnes or 4.88%. I have […]

Dow Theory Update for Feb 27: Industrials make higher highs unconfirmed

posted on: February 27, 2013

Lack of confirmation should not persist too long Special note on gold Jon Strebbler, Richard Russell’s new associate, is turning bullish on gold. He is of the opinion that is likely that a bottom has been made. I also think so, not so much because of the charts but because of the “puke” indicator. I […]

Dow Theory Update for Feb 26: Another distribution day. Stocks up as volume recedes

posted on: February 26, 2013

Gold and silver up. Has a bottom been made? Let’s get started with our Dow Theory commentary in this blog today. Special note on gold GLD lost yesterday (Feb 25) 7.82 tonnes of gold. Thus, inventories have been declining for 5 days in a row. All in all, inventories have declined from 1322.97 tons to […]

Dow Theory Update for Feb 25: Bearish action in stocks

posted on: February 25, 2013

Gold and silver up Let’s get started with our Dow Theory commentary in this blog today. Special note on gold GLD lost last Friday (Feb 22) almost 10 tonnes of gold. Thus, inventories have been declining for 4 days in a row. All in all, inventories have declined from 1322.97 tons to 1280.67 tonnes, that […]

Dow Theory special issue: Dow Theory’s performance during the secular 1982-1999 bull market

posted on: February 22, 2013

How often does the Dow Theory outperform buy and hold? Part III In my post “How often does the Dow Theory outperform buy and hold?”, which you can find here, I started a series of articles dedicated to examining the classical/Rhea Dow Theory “flavor” under all market environments and across time. At the risk of […]

Dow Theory Update for Feb 22: Precious metals and stocks up

posted on: February 22, 2013

Are precious metals finding support? Let’s get started with our Dow Theory commentary in this blog. Strebler joins forces with Russell. I have some news from the Dow Theory world. Richard Russell, of the “Dow Theory Letters,” has a new business associate to help him run his advisory. Jon Strebler has already written two interesting […]

Dow Theory Update for Feb 21: Is a secondary reaction beginning?

posted on: February 21, 2013

Is gold making a bottom? Special note about gold Yesterday, February 20, 20.77 tonnes of gold were drained from GLD. In other words, GLD inventory decreased by 20.77 tones or 1.57%. As Victor the Cleaner has explained here such “pukes,” contrary to conventional wisdom, are bullish, as they denote great avidity for physical gold, which […]

Dow Theory Update for Feb 20: Precious metals debacle

posted on: February 20, 2013

Stocks also down. Once again, Barry Ritholtz of “The Big Picture” has posted a very interesting article concerning “timing” in his blog. In a nutshell, Barry’s system works as follows: 1. A 10 month moving is used a timing device. 2. When the price closes below the 10 month moving average sell your stocks and […]

Dow Theory Update for Feb 19: Stocks up. No change in trends

posted on: February 19, 2013

GLD may be close to making a bottom, in spite of today’s weakness. Lars Schall has just posted on his website an insightful interview to David P. Goldman where issues such as gold, TIPS and ordinary bonds, and the End game, namely, inflation in USA and wealth confiscation (though punitive wealth taxes) in Europe are […]

Dow Theory Update for Feb 15: Precious metals in free fall

posted on: February 15, 2013

Primary bear market re-confirmed for GLD and SLV Let’s get started with our daily Dow Theory commentary in this blog. The “Pragmatic Capitalism” blog posted yesterday an interesting article concerning historical drawdowns for stocks and bonds. The figures displayed in Pragmatic Capitalism should make any serious investor think it twice before committing one’s life savings […]

Dow Theory Update for Feb 14: Measuring the odds for a new correction

posted on: February 14, 2013

New low in gold unconfirmed by silver Let’s begin our Dow Theory commentary in this blog by talking about stocks. Zero Hedgeposted yesterday an interesting article concerning the current rally (primary bull market swing in Dow Theory parlance) and its odds of its stretching further into the future. Zero Hedge notes that the current primary […]