The months of November and December are the second strongest back to back months for the financial markets. Many traders and investors use this time of the year to reap big gains as they close the year out.
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.
Over the recent couple months the precious metals charts have made some sizable moves.
The Elliott Wave Theory (EW) gives superb results in predicting the gold price.
We are at the edge of a major economic crisis. Our monetary system is the underlying cause of this major crisis. The massive debt bubble created by our monetary system is about to burst.
It was a fine week to head out of town to a tropical beach, sit, drink, read and swim to you hearts content and forget about this crazy market and the smashing gold and silver and most equities and indices took.
After updating my gold-seasonality research last week, I heard from traders wondering how it affects gold stocks.
You will often read how various experts in the financial press will say that the gold price "should be" about $2000/oz., to $3000/oz., or slightly higher.
Gold has behaved as predicted in the last update, which was two weeks ago. It advanced a little further into nearby resistance, before reacting back quite sharply on Thursday.
Gold has just entered its strongest time of the year, embarking on a major seasonal rally. Naturally this is very bullish for not only this metal, but the companies that wrest it from the bowels of the Earth.
I'll be heading out of town early this week as it's a holiday in Canada Friday as we remember our Veterans which means it's time for deer camp!!
Gold did exactly as predicted in the update last weekend - it dropped back briefly to touch the bottom of our short-term reaction target range at $1680 before rebounding, as we can see on the 4-month chart below, and we were buyers
October was truly an epic month for the stock markets. The flagship S&P 500 stock index rocketed 10.8% higher! As its best month since December 1991 and best October since 1982's, October 2011 was inarguably awesome.
No politician wants to end up with his head adorning the railings of some public building, and thus - possibly spurred into action by the video of the grisly end of Colonel Gaddafi - European leaders started to display qualities no
It was another wild week in the markets with some breakouts higher which failed then breakouts lower which failed only to see massive moves higher coming into the end of the week, especially Thursday.
"No one and I stress no one is able to predict with certainty how and when the whole situation will unravel.
"No matter how much money or love you've made or lost, you can still make more."
Once upon a time, the Chinese government forbade ownership of all precious metals.
JP Morgan is the largest silver short-seller in the history of the world.
The week was a wild one with lots of choppy action in the indices as was to be expected as bases build here nicely. We had options expiration this past Friday as well so that usually tends to throw a wrench into things.
Not even mighty gold escaped late September's commodities massacre, so gold stocks never stood a chance. They were sucked into the violent maelstrom of commodities-stock selling, plunging sharply.
Action yesterday across markets was bearish and set alarm bells ringing - in particular the action in the PM sector, where the Head-and-Shoulders bottom pattern that we have observed in PM sector stock indices appears to be abortin
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Gold's special properties mean that it has a greater variety of uses than almost any metal.
