How to trade hot commodities like natural gas, oil and gold - We should see big moves in the coming weeks as gas bottoms, and oil & gold breakout or breakdown.
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.
Gold is once again the hot commodity, as the price rises to the $1000 per ounce level. This $1000 - $1033 is a technical pivot point for gold. One of two things is going to take place in the coming weeks.
Gold has broken out of its large Symmetrical Triangle to the upside, and is now in position for "the big one" - the breakout above the wall of resistance approaching last year's highs in the $1030 area.
Gold and silver are on the verge of breaking out to the upside right on schedule. It is going to be a tumultuous year end -- and the precious metals and their related equities will be the beneficiary.
The warning signs have never been so many and so obvious. Every single economic indicator for housing, employment, consumer spending, foreclosures, tax collections, commercial property, trade and shipping is unsettling.
Before we get into anything heavy, let me inform you that the August 1st letter was sent out on time. Should any of you have not received it, please let me know and we will get it out to you post haste.
Another crazy week in commodities with precious metals and precious metal stocks surging higher on heavy volume, while natural gas and crude oil move lower.
The latest development in the gold world is highly favorable. Summarize by saying from the rooftops that GOLD LEADS THE CURRENCIES in price movement.
Merrill Lynch Asia (Bank of America) strategists Sadiq Currimbhoy, Arik Reiss, and Jacky Tang suggest that the S&P 500 could soar another 40% by December 2010 before it collapses completely based on a unique comparison with the
Here is our monthly update on global indexes for our international investors.
Summary
The markets appear to be anticipating a banking crisis.
If confidence is lost in the commercial banking system, the following is a reasonable outcome:
Over the past couple of months, gold and silver have been uneventful. In this report I have posted weekly charts to show the larger trend of gold and silver.
New gold investors are often surprised to learn that gold prices have a heavy seasonal component.
25 years ago I visited Comex at the World Trade Center, watching the feverish activity in the gold pit from behind the glass wall in the gallery.
So far this week we have seen commodities move sideways with traders and investors waiting for the US Dollar to rally or continue dropping, which will trigger the commodities to move.
While all manner of attention remains transfixed inside the United States on a remedy and recovery of its bank sector, once again Americans make dangerous assumptions.
UPSIDE BREAKOUT ALERT: gold is now believed to be very close to an upside breakout to new highs, a development that should lead to a rapid advance towards the $1300 area, and it should be noted that this scenario will not be negate
Here we are again approaching another 10-year cycle peak. The last such peak was in 1999 while the most recent 10-year cycle bottom was in 2004.
Precious metals like gold and silver appear to be forming a bullish pennant formation, which generally leads to higher prices. Currently the US dollar is hovering around a support level, which is the 76- 79 range.
Silver's fundamentals offer plenty of reasons to be bullish in the coming years. Relentlessly growing global investment demand coupled with reduced production is a recipe for much higher prices.
I am finally convinced that even though the Plunge Protection Team is made up of some very clever traders, it must also have a whole back up team of comedians, cartoonists, magicians, advertising wunderkinds and Hollywood script wr
Is there anyone who honestly believes that the USA has the ability to repay its foreign creditors with anything but grossly devalued paper dollars?
Everyone is talking about gold shooting to the moon because of the massive reverse head & shoulders pattern forming, not to mention the economy isn't as good as some of us would like it to be:.
Every few months a chart comes along that needs almost no follow-on paragraphs to make the point of the issue.
In several previous commentaries, I have alluded to the extremely bright future for silver jewelry as yet one more reason to be extremely bullish about silver. To my surprise, these remarks have drawn little response from readers.
Gold's bulls and bears have fought each other to a standstill so that an eerie calm now exists in the gold market, rather like the period in Europe known as the Phony War which was an early stage of the 2nd World War, where despite
I hope everyone had a great weekend and is now ready for another week of trading. I have put together a few simple charts to show you what we could see with prices in the near term.
Latest Articles on Silver Phoenix 500
78 percent of the yearly gold supply--is made into jewelry.
