GLD - on sell signal.
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GLD - on sell signal.
Over the years I have found an indicator/trading tool which I find help spot intermediate trend reversals. I am going to quickly cover in this report.
I think an update is due for everyone. Times are unprecedented and markets are very dangerous.
It's been only a few days since we've posted our latest timing-related essay on gold and silver prices, and since that time the situation has changed dramatically.
I am at a loss for words (something that rarely happens to me) as to why so many in the Precious Metals Sector have become so negative at this juncture in this Historic Precious Metals Bull Market.
It was quite a week to be sure. Markets were turbulent and have broken down slightly with the NASDAQ leading. This is normal, as the Nasdaq has led for quite some time and foretold the breakdown in other markets as well this past week.
The past couple weeks have been choppy in the equities market.
GLD - on buy signal.
This is the first of at three part series on the growth in US Currency in Circulation (CinC)for people interested in investing in gold, silver and mining stocks.
There have been two trends in precious metals markets in recent weeks which I find very alarming. On the one hand, we see the large "shorts" (JP Morgan and HSBC) in the bullion market ratcheting-up their short positions again.
After soaring 35% in just 6 weeks, silver has driven trader enthusiasm to a fever pitch. Naturally after such a magnificent surge to new multi-decade highs, silver bullishness is off the charts.
The past couple weeks we have seen strong distribution selling in the equities market followed by equally large days of buying. These buying and selling frenzies have formed a sideways consolidation.
Question: How do you double the value of a Russian rouble?
Answer: Put two holes in it and sell it as a button.
USFed Chairman Bernanke and the Quantitative Easing programs are caught in a negative feedback loop, the instruments at risk being the USDollar and the USTreasury Bond. The former suffers from lost integrity and direct inflation effect.
There are many of us who have periodically aimed our pens at Jon Nadler of Kitco for his prognostications and thoughts on the value and role of gold.
The snow in my backyard stopped melting as Arctic air once again dominates Minnesota. So my tribulations with melting snow seeping into my basement have been postponed. Don't worry, before April 15th I'll be swabbing decks again.
It was a strong week for the precious metals especially Silver. We had a few large players in the world talk about Gold and the coming further weakness of the US Dollar and it's lessening role throughout the world.
With the general stock markets now due for a selloff while gold hits new nominal all-time highs, precious-metals-stock traders face something of a quandary. How are their stocks likely to perform in the near future?
Trading with multiple time frames - Every now and then it's always a good idea to look at some different time frames to be sure you have a solid understanding for the longer term trends in play.
Everybody loves the Beatles, whose strange songs are stuck in the memory of millions of people. "Bang, bang, Maxwell's silver hammer, came down upon her head.
Everybody loves the Beatles, whose strange songs are stuck in the memory of millions of people. "Bang, bang, Maxwell's silver hammer, came down upon her head.
High volatility seen in commodities market in the past week attributes toward ongoing social and economical developments in the Middle East.
Markets were weak this past week and not just for a day or two. Us markets have violated key levels, but are bouncing for now.
The (common sense) Truth about Inflation...
If you think inflation is good for the economy, then why isn't Zimbabwe the wealthiest nation on earth?
GLD - on buy signal.
Most experts agreed on a price target around $1,800 gold and $50 silver by the end of 2011.
In its latest Gold Demand Trends 2010 report, the World Gold Council said gold demand hit a decade high as jewelry buyers returned to the market after the previous year's near-absence and central banks became net buyers.
In its latest Gold Demand Trends 2010 report, the World Gold Council said gold demand hit a decade high as jewelry buyers returned to the market after the previous year's near-absence and central banks became net buyers.