Metals
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
Following is a quick commentary of major markets based on some very simple observations of their charts as at the end of this past week.
Bullish Markets
Swooning along . . . the path of corrective action, Wednesday's stock market once more was hit, although there really weren't the news-related 'jolts' recent breakdowns were characterized by.
You have to hand it to Mr. Magoo. I'll give him an A for chutzpah, that's for sure. The man is nothing but a common criminal of the white collar type.
Welcome to the land of opportunity! The long-term chart of Durban Deep is one of the most bullish charts I have seen in my entire life.
The lack of recent volatility in the POG, and a relatively calm stock market has resulted in lacklustre conditions for gold equities.
What is a "buck?" The term's origin may interest you. It seems that well over a hundred years ago, in Oklahoma, George Washington Miller, a budding entrepreneur, started what became America's first theme park.
Ready for "Pinkbacks," that is, for Federal Reserve notes with a pink hue?
In the ever-turbulent metals markets, nothing is as constant as change, as the saying goes.
Today the concept of legal tender refers to coercion. The government orders its subjects to accept irredeemable promises in payment for the real goods and real services they produce.
For the time being, the Fed’s decision makers have decided to keep the federal funds rate target unchanged at 1.75 percent. They hinted, however, that if the economy were to slow further, they would lower the rate.
Whilst I was channel surfing on foxtel, and reading the West Australian TV supplement on Saturday, I came across the inspiration for another article concurrently.
We all have "assets" of various kinds and types. We have our looks, and this seems to be especially important to women, who go to great lengths and expense to maintain them.
Every July, the Bureau of Economic Analysis (BEA) releases revisions to the previous three years of economic data.
The advent of the jet ski has revolutionised big wave riding, allowing surfers the opportunity to chase the monster waves in search of an adrenalin rush along with the potential for bonanza cash rewards courtesy of major organisati
We certainly live in interesting times, and the current political, social and economic problems are all combining to create somewhat of a disturbing atmosphere that could have ramifications for many years to come.
I know this is unusual, but it has to be done, simply because of its wide implications, and the fact that it might be the hinge on which the American economy swings.
December Gold: $309
Critical underlying support: $309
Critical overhead resistance: $310
The summer correction continues, while the volatility picked up in July.
Many investors have asked where has Alan Greenspan and his Federal Reserve and so-called "Plunge Protection" team been all through the current traumatic year?
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10 karat gold is 41.7% pure gold.
