GLD - on buy signal.
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.
Precious-metals stocks really haven't had a great summer by any means. After rallying initially in June, they started relentlessly drifting lower in July.
The article of July 22nd on "Smoking Guns of USTreasury Monetization" hit more desks, raised more dust, and brought more attention than expected to the heightened malfeasance in progress using USGovt debt securitie
I took some stick over the past week for my predictions that the market was about to "come a cropper", in the Message to Wall St and Friday's Candlestick Warnings articles.
WILL THEY EVER LEARN?
I find it amazing how many traders do not use volume as a factor in their trading decisions.
Anyone who has kids or has been around them whatsoever knows this weeks title is Buzz Light years oft repeated phrase.
"It has become appallingly obvious that our technology has exceeded our humanity."
A theme of frequent mention has been the Paradigm Shift in the financial world. It refers more specifically to the global shift away from a USDollar-centric alignment.
Commodities have been shining recently as the US Dollar loses its luster for investors. Also the weakening dollar has helped boost equities as a lower US dollar helps the large multi national companies.
It doesn't have to play out, but a note of warning of the possibility is to be forewarned. Recently, I suggested that the fractal surrogate chart I have from the 70's played out with a final sharp drop in that PM stock surrogate.
I need a vacation like I need my morning coffee. The never ending barrage of lies, fudged numbers and attacks on gold are wearing me down. Along with the long hours.
As we all know there is an unlimited amount of ways to trade the financial markets. Each person sees the market in a different way, has different skill sets, trading experience and risk tolerance levels.
Lots of traders like to buy breakouts as, across those resistance lines, shorts are flushed out and overhead price resistance dwindles.
Double Dip used to pertain to ice cream cones, but now to dreaded return to economic recession. Green Shoots used to refer to gardening projects, then to deceptive economic viewpoints.
Most traders I have been talking with are feeling the same thing. Something big is brewing for the equities market but most do not want to get heavily involved until there is a clear direction.
The second half of last week we saw some strong price action in the equities market. The S&P500 broke through the 5 and 50 day moving averages closing the week just under key resistance levels.
Ben Bernanke spoke this past week and was quite frank during the first day of testimony. The markets plunged as a result of his talk of the economy being "unusually uncertain".
Oil stocks have to be one of the most unloved sectors in the markets today.
A significant feature of fiat money systems is the privilege for the custodian of the reserve currency to engage in regular practices of ham-fisted monetary management, even permission for fraudulent centers to flourish, surely dev
While we’re convinced gold and gold stocks are destined for much higher levels, buying when prices are low can mean the difference between a double or triple and a ten-bagger... a week in Malibu vs. a week in Milan.
The markets, right now, seem to be in a period of indecision with most market writers diverging toward the two extremes. The Deflationists are looking for the Dow to fall to 4,000; or in one case even down to 1,000.
It was an interesting options expiration week for equities that's for sure. We saw some very choppy price action with large waves of buying and selling as the bulls and bears fought for control.
I'm referring to the 1876 battle near the Little Bighorn River in Montana where General Custer made his last stand against the Lakota and Northern Cheyenne Native Tribes.
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A gold nugget can be worth three to four times the value of the gold it contains because they are so rare.
