We have been waiting for gold to breakout above the 2008 high for almost 2 years. These charts show we are slowly working our way there. Gold Stocks Index – The Leading Indicator for Gold Bullion I watch the price of gold stocks very closely because when there is large divergence from the price action of gold bullion I can get in a trade before the...

The Treasury Department hasn’t released the list of banks that are paying TARP dividends for August, breaking with its earlier precedent of publishing the data at FinancialStability.gov about three weeks into the following month. The first set of payment data, for May, wasn’t published until June 17th. After that the releases took on a...

Courtesy of Joe Weisenthal at Clusterstock The market started tanking minutes before the weak Chicago PMI was leaked this morning, so there was obviously some leaking going on, right? Is the SEC paying attention? Actually, hold your horses. Bespoke Invesment Group, which put together the chart on the right, explains: While everyone likes a scandal...

On the morning of Tuesday September 29, the S&P/Case-Shiller Composite Home Price Index reported a 1.6% rise in July, the third monthly increase in a row. Seconds later, the mainstream experts openly declared — Ding Dong, the Housing Crisis Witch Is Dead. These up-to-the-minute news items say plenty: “Home Prices Rise For Third...

Crude oil inventory rose +2.8 mmb, compared with consensus of +2 mmb increase, to 338.4 mmb in the week ended September 29. The good thing is Cushing stock recorded significant drop of -1.5 mmb. Situation in oil product stockpiles was better than previously anticipated. Gasoline inventory drew -1.66 mmb while distillate inventory gained only +0.32...

Courtesy of Vincent Fernando at Clusterstock “Why The Market Will Keep Going Up”This can’t be good. See Also: The Death Of Equities Peter Thiel: It’s A Fake Rally! Emerging Markets Keep On Rallying Bull Literally Rampages Through The Streets (Of New Jersey)

Zero Hedge comments: One can only hope that at some point irresponsible, speculative and highly destructive stock calls like this would see some regulatory intervention. Citi and CIT Are Primed for Upside, by Jim Cramer, 9/29/2009, 1:54 PM EDT Citigroup’s on the move, so is CIT . I think that Citigroup will be the biggest beneficiary of the new...

Courtesy of Phil’s Stock World Yesterday could not have gone better! I titled the morning post “Confidence is Key” and decided that, since my targets were dead on Monday, that we should stick to our bear plan into the Consumer Confidence report which was, as we expected, a huge disappointment.  My 9:50 Alert to members suggested the...

Submitted by The Firecracked Report, a new up and coming financial blog H/T Zero Hedge US Car Sales Collapse in September (2)

Courtesy of Mish PIMCO’s Bill Gross has a switch of heart. He has gone from hating treasuries to liking them. Please consider Pimco’s Gross Buys Treasuries Amid Deflation Concern. Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said he’s been buying longer maturity Treasuries in recent weeks as protection...

Crude oil rose above $67 a barrel in New York as manufacturing expanded in China and Japan, buoying hopes for a rebound in fuel demand. Oil is nonetheless heading for its first quarterly decline this year amid swelling fuel inventories in the U.S. The Energy Department will probably report that supplies of crude and fuel increased last week, according...

Courtesy of AC Investor ( click to enlarge ) ABK is in a good medium-term uptrend. The price has bounced off the low of 0.73 touched in late July. The price can head towards the 1.89-1.98 zone. If this zone is surpassed, getting to 2.18 would be a possibility. Add to your position once there is a close above 1.89. On the contrary, the key support for...

The U.S. stock indexes closed weaker today. The stock index bulls still have the overall near-term technical advantage. Right now, price uptrends are still in place on the daily bar charts. The lack of volatility at higher price levels suggests prices can continue to trend higher during what history shows has been a seasonally bearish timeframe...

Submitted by Dylan Ratigan-H/T Zero Hedge Why is health insurance the only business that has an exemption from the Sherman Anti-Trust Act other than Major League Baseball? If the delivery of taxpayer trillions by our politicians to the banks to support their fraudulently paid bonuses hasn’t shown you what our current government’s values...

Courtesy of MISH Demand for goods and services in Japan are plunging. Please consider Japan’s Deflation Deepens as Prices Fall Record 2.4%. Japan’s consumer prices fell the most in at least 38 years in August, heightening the risk that prolonged deflation may hamper the country’s recovery from its deepest postwar recession. Prices excluding fresh...