EXPLAINING THE 2014 MARKET SO FAR $SLV $GLD $DIA $DOG $FXY $TLT $TBT

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 EXPLAINING THE 2014 MARKET SO FAR $SLV $GLD $DIA $DOG $FXY $TLT $TBT

There is an old saying that the markets make fools of the maximum number of people. The truism of this is striking when one compares the consensus predictions of gurus at the end of 2013 with what has actually happened in 2014. The chart tells the story.

Please click here for the annotated chart.

The chart compares gold shown in orange represented by the SPDR Gold Trust ETF GLD, silver shown in grey represented by the iShares Silver Trust ETF SLV, stocks shown in yellow represented by the SPDR Dow Jones Industrial Average ETF Trust ETF DIA, inverse of stocks in cyan represented by the ProShares Short Dow30 ETF DOG, bonds in neon green represented by the iShares 20+ Year Treasury Bond ETF TLT and Japanese yen in red represented by the CurrencyShares Japanese Yen Trust EFT FXY.

The scale on the right-hand side is a percentage scale. The chart shows a vertical line at the beginning of the New Year 2014; to properly analyze, the chart is structured for all asset classes to converge at the zero point at the beginning of 2014. This is represented by the white horizontal line. you will notice from the scale on the right-hand side that the white horizontal line is at 0% and forms the reference point. The chart also shows the same asset classes leading into Christmas, and then between Christmas and the new year. It is important is to take a look at where we came from into the new year.

Bonds

The very strong consensus at the end of 2013 was that interest rates will spike up in January 2014 and bonds will fall. We call it a ‘very strong consensus’ when over 75 % of the gurus and the media headlines that we monitor at The Arora Report are in the same direction…Read more at MarketWatch

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