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All posts by Jeff Cooper

Jeff Cooper: Is Gold About to Shine?

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“There are about three hundred economists in the world who are against gold, and they think that gold is a barbarous relic — and they may be right. Unfortunately, there are three billion inhabitants of the world who believe in gold. ”  -Janos Fekete “The record of fiat currencies through history, 100%, is eventual failure. […]

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Jeff Cooper: This Time It’s Different

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While some were saying that Tuesday’s reversal was just another one day reversal like June 9 and July 27, Daily Market Report readers knew differently. We knew that the Jackknife from the false move above the key 2482 level was the straw that broke the camel’s back. While midday Thursday, some were saying to buy at […]

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Jeff Cooper: Mr. Hindenburg’s Wild Ride

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43 years ago on July 27, 1974, the House Judiciary Committee voted on the first article of impeachment of President Nixon. Late in yesterday’s session, we learned that Robert Mueller has impaneled a Grand Jury. We are the only country other than Liberia to use this non-democratic process in government. Maybe something, maybe nothing, but […]

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A Jaws of Death Divergence in the Dow

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“In the choice between changing ones mind and proving there’s no need to do so, most people get busy on the proof.” -John Kenneth Galbraith Over the last few months, we have flagged several big picture cycles that suggest an array of challenges will surface in the second half of 2017. Presumptively, this means the […]

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The First Mouse Gets the Squeeze, the Second Mouse Gets the Cheese

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“Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.” John Kenneth Galbraith I listen to the financial news all day while I trade. Not for information, but to glean […]

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Where Gold Is Headed From Here…

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An intraday GDXJ shows 3 drives to a test of its 50 period on the hourlies. This ties to a backtest of yesterday’s breakout. After today’s inside day/test, it will be important to see how the miners behave on the important Friday weekly closing basis. It’s interesting that TBT looks poised to breakout in tandem with gold and the […]

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IBB’s Square Out: Where Are We Going?

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IBB left a large range Gilligan sell signal yesterday after setting a 7 month high. A Gilligan sell is a gap up to a new 60 day high with a close at/near session lows. The reversal is noteworthy as it follows a near Measured Move from the June Rule of 4 Breakout. This was a […]

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Is TSLA Positioning for a Minus One/Plus Two Ahead of Earnings?

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TSLA dropped 80 points after our projected square-out at 384 in June. 360 degrees down from 284 is 309. The low close was 308.83. When using the Square of 9 we have to consider the intraday highs and lows as well as the close. 346 is 180 degrees up from the 309 low while 342 ties […]

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Jeff Cooper: The Waterfall Setup

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Last week bullish sentiment reached 69%. To put this into perspective, the highest reading in 4 years is 70% and occurred on March 1, 2017. That date and the high sentiment reading coincided with a top followed by a 78 point SPX drop into March 27. In addition, the three day average for the VIX is at its second […]

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1999 All Over Again? No. But This Market Still Has Problems.

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There were more than 500 IPO’s in 1999. The average first-day gain was 68%. Ten popped more than 350%. Some say that since there is no IPO mania today, that there is no excess and no euphoria, and hence the bull has a long way to run. Fear and greed still drive markets. Is it possible […]

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