Baking Dish Instead Baking Tray

correction in precious metals

The biblical phrase "the first shall be last" is also true in the stock market. Precious metals were the clear winner last year, there are now at the beginning of the clear losers (three red arrows). The end of this correction has not been reached. The silver price can fall below the $ 25 mark. For gold, a decrease by a further $ 100 is quite possible. To a complete collapse, there will not. The highs will be tested in the course of the year. Gold can reach $ 1,500 per troy ounce.

I expect the stock market with a sideways movement followed by the end of January by a slight selling pressure in February, before it goes up again in March. Of course, such an assessment to move very quickly. Flexibility is required. Good quarterly results do not always lead to further price increases, there is already contained much of the imagination in the current prices.

The Dow Jones is eight weeks in an uptrend and may not hold this pace, without a break. The optimism among investors is now very pronounced and thus more of a warning signal. However, I am not expecting a full correction of 10% to 15% in the coming weeks, but expect it until after April.

Obama speaks Tuesday to Congress on the situation of the nation. He must be the Republicans, who have won the House majority in November, bringing on a political course of the middle. His popularity has improved somewhat in recent weeks since the election defeat in congressional elections in November.

In the manufacturing industry were in America in the past Year created 136 000 new jobs. Before that it was in 1997 in this sector to nearly 6 million layoffs. This positive reversal of trend will continue this year with more than 300,000 new jobs and thus have some 12 million workers. Thus, America remains the leading country in the industrial sector, which covers only about 9% of all jobs.

The private residential construction is still in a trough, which lasts two years (light green arrow), without having to show an immediate improvement . Within a year, construction activity had around 1.1 million units more than halved (red arrow) and were at the December at an annual rate of 529,000 housing starts. One bright spot, however, are building permits in December attracted significantly. Bauaktien have improved significantly for several months. KB Home (KBH - $ 14.8) was recommended several times here and on the hotline and has reached the end of August around 50%. My price target is $ 20 to the end. Stop hedging is recommended now.

The S & P 400 Index rose on Tuesday to a new peak. Since 9 March 2009 when this bull market began (red arrow), this index has risen about 130% (green arrow). The index includes medium-sized companies with market capitalization between $ 2 billion to $ 10 billion in 10 sectors. The index itself has a market capitalization of around $ 1.1 trillion, representing around 7% of all listed U.S. stocks. Again, a technical breather is overdue. The end of this bull market is still far away!

care fraud! Last week was a buy rating a Hungarian stock via the Internet sent in my name with image. This is a forgery and blatant fraud. The Federal Criminal Police Office in Germany has been informed by me about it. Steer clear of such fraudulent activities! In the Internet age, unfortunately, any name can be misused. My only suggestion is it on this blog or the hotline, and in interviews on television and lectures from me.

On Monday afternoon, 24 Interviewed in January, I'll DAF Andreas Scholz and on Thursday evening at 18:20 at N24 Clock Dietmar Deffner.

Further analysis and recommendations on the hotline. The next blog will appear on Monday, 31 January.

Heiko Thieme