August 20th, 2010
Martin Pring, a Principal at Pring Turner Capital Group, was featured in a MarketWatch article published August 19, 2010 entitled Gold gearing up?, written by Peter Brimelow. The article was published in the Wall Street Irregular column and discusses Pring Turner’s shorter-term positive outlook for gold.
Two weeks ago the Chartist Martin Pring stipulated in his weekly Infomovie Report that although recent gold action “hints at a possible rally…until SPDR Gold Trust ETF consolidated issue listed by NYSE Arca: GLD and Market Vectors Gold Miners ETF consolidated issue listed by NYSE Arca: GDX can take out previous minor highs at $120 and $52 I am remaining cautious.”
But on Wednesday, both instruments achieved these levels. This is an important matter for Pring, who has traditionally laid great weight on the forecasting capabilities of gold shares.
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June 22nd, 2010
Martin Pring, a Principal at Pring Turner Capital Group, was featured in a MarketWatch article published June 21, 2010 entitled Gold bugs giddy, but some sense short-term top, written by Peter Brimelow. The article was published in the Wall Street Irregular column and discusses Pring Turner’s short-term outlook for gold.
Technician Martin Pring, in his Weekly InfoMovie Report, also published early Friday, managed a kind word too. This is significant: Pring is a U.S.-dollar bull and a commodity bear who traditionally places much weight on the predictive power of gold shares.
But he noted of the SPDR Gold Trust ETF (GLD): “The deliberate but persistent gentle rally in the gold ETF suggests that, if an upside breakout does develop, it could be quite explosive.”
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May 6th, 2010
Martin Pring, a Principal at Pring Turner Capital Group, was featured in a MarketWatch article published May 3, 2010 entitled Head and Shoulder vs. Dow Theory, written by Peter Brimelow. The article was published in the Wall Street Irregular column and discusses Pring Turner’s forecast for an intermediate stock market decline.
Martin Pring of the extremely unflamboyant Weekly InfoMovie has reached the same conclusion: “The S&P appears to have found support at this line just slightly above 1180. … The violation of 1180 on the S&P, together with a close below $43.30 for the MSCI World ETF would probably signal that a more extended correction was underway. That could well be delayed for a few days because we have just entered the seasonally bullish end-of-the-month period and will be there for the next 4-5 days.”
Pring has other reasons for bearishness, including the first time I’ve even seen the chart of a Chinese financial instrument used to predict the US market:
“Since its peak at the end of 2007, the Chinese ETF, Shares FTSE/Xinhua China 25 Index Fund, has provided a useful leadership role for the S&P. See how it led the market down here. The next two minor bottoms coincided, but the FXI peaked first on the next rally. It bottomed several months ahead of the S&P in 2009, experienced a small lead ahead of the January/February decline, and did not confirm last week’s S&P recovery high. Most notable of all is the fact that its RS line peaked out more than nine months ago and made a new low this week. Given this leading Chinese equity market role and the sensitivity of commodity prices to the Chinese economy, this suggests lower prices for both stocks and commodities.”
Pring’s summary of his position: “1. This week’s coming equity action could tip the balance to the bearish side. 2. Watch the bonds for a possible ‘unexpected’ upside breakout. 3. Oil and gold are struggling to maintain their upside breakouts.”
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March 15th, 2010
Tom Kopas, a Principal at Pring Turner Capital Group, will be presenting at the American Association of Individual Investors (AAII) San Francisco chapter meeting on Saturday, March 20, 2010. The AAII, founded in 1978, is a nonprofit organization with roughly 150,000 members nationwide, whose purpose is to educate individual investors regarding stock market portfolios, financial planning, and retirement accounts. Tom will be presenting Pring Turner’s latest long-term outlooks for the equity, fixed income, and commodity markets. An excerpt from the AAII newsletter is provided below.
Are You Ready for Another Lost Decade?
Now that we have finished the first decade of the 21st century, what is in store for investors the next 10 years? Find out why the principals of Pring Turner Capital Group believe investors should prepare for “another lost decade” and what market benchmarks will look like when we have reached the end of this current secular bear market. Why is the business cycle more critical than ever for investors and where are markets in relation to the current business cycle? Valuable insights, original research and experience drawn on by our guest speaker, Tom Kopas, a principal at Pring Turner Capital Group, are all part of the concepts covered in this timely presentation. Tom will discuss what asset allocation decisions will bring investors profitably through this cycle, and where the risks and opportunities are for investors now and in the coming months and years.
Click Here for Additional Information
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March 9th, 2010
Martin Pring, a Principal at Pring Turner Capital Group, was featured in the March 8, 2010 edition of the Barron’s. The article entitled A Sampling of Advisory Opinion, was published in the weekly Market Watch column written by Anita Peltonen, discusses a wide range of advisor perspectives.
“March: Given the conflict between short and intermediate indicators, it looks as if the [stock] market will rally for the next few weeks, and then experience a more significant correction. We are no longer recommending any bond positions because our bond barometer has gone bearish. Since the whole yield structure is expected to move higher, even the inflation-protected instruments are likely be vulnerable, though not as much as regular bonds.” – Martin J. Pring
Click Here to Read the Article
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January 20th, 2010
Martin Pring, a Principal at Pring Turner Capital Group, was featured in a Barron’s article entitled Time for the Defense to Take the Field, written by Randall Forsyth. The article was published in the Up and Down Wall Street column and discusses what investors must do to avoid another Lost Decade.
“…Similarly, Martin Pring, the veteran market technician who heads up the Pring Turner Capital Group investment advisory, sees the U.S. stock market still mired in a “Lost Decade” of nil net equity returns. Indeed, based on the history of past secular bear markets, we’re only halfway through the current episode, he contends.
From a fundamental standpoint, the market continues to confront far greater difficulties than in the past, Pring observes.
“To give you an idea of the kind of challenges faced by investors in a secular bear market, it is worth noting that the last secular bull market (1982-2000) covered 18 years but contained only two recessions last a total of 12 months — that is, less than 6% of the time.
“Compare that to the last 10 years, in which the secular bear market experienced two recessions last a total of 28 months, or about 27% of the time. That is far closer to the U.S. experience of the past 150 years, where the economy spent an average 31% of the time in recession,” he adds.
That means investors need to be nimble, given the greater economic volatility, Pring continues. “Essentially, an investor needs two game plans; one for defense, to protect assets in difficult periods, and one for offense, to grow wealth during favorable conditions.”
Click Here to read the entire article on Barrons
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