Europe has become something of a four-letter word among American investors and speculators lately. Weak European stock action has been mesmerizing stock-index-futures traders here in the States.
Gold Market Analysis
Technical analysis to forecast future price trends of gold and other precious metals, as well as the US Dollar and the Euro.
Early August's sharp stock-market plunge ignited an explosion of bearish theories.
We recently witnessed a key bearish "Outside Reversal Week" reaching new highs for the rally from the August 9th crash bottom, but then ending the week lower than it began.
Whenever it suits Team Titanic from the increasingly tense helm, more phony comparisons are trotted out in baseless news stories posing as legitimate analysis.
Gold is trading above $1900/oz once again, pushed up by continuing financial turmoil in the Eurozone, weak US economic data and strong words from a voting member of the FOMC who reiterated his conviction tha
The current strength in the gold market is remarkable. Let's look at gold's Bear's Eye View (BEV) from its credit crisis low of 23 October 2008.
The Jackson Hole Conference was a dud. To the astute student observer, something happened never seen before.
Now that Mr. Bernanke's speech is old news, what was the financial media thinking exactly?
It was another week of watching and sitting for the swing trading portfolio.
Fear is the greatest buy signal ever seen in the stock markets. This overpowering emotion flares fast, driving excessive selling that rapidly hammers stock prices down to irrational oversold levels.
Something big is going on in the United States in a sentiment change, an altered state of psychology, a growing sense of panic.
It was another absolutely madly volatile week, especially as we moved to the end of it. It's a day-traders bliss, but I'm not a day-trader. It's not an easy way to trade, and every tick counts.
Gold has enjoyed an amazing rally in recent weeks, catapulted higher by the extreme fear sparked by the sharp stock-market correction.
"No country upon earth ever had it more in its power to attain these blessings than United America.
The past few weeks traders and investors have been completely spooked from the surge of negative news and collapsing stock prices. This fear can be seen by looking at the volume on the GLD gold ETF fund.
Gold and Silver have emerged in the last 12 months as the dominant asset group. They led the entire 2000 decade, still gathering disrespect.
Gold has shown impressive strength over the past couple of weeks having risen as high as the $1800 area.
To say it was a volatile week would be an understatement. Wild, fast swings of 400 points or more in the Dow is something we rarely see.
With the plunging stock markets terrifying traders, many are running for the hills. Steep selloffs always generate intense fear, a scary emotion from which we humans are naturally hardwired to flee.
The events of the last ten days are surely for the history books. The story must be told through a prism of the epic battle between inflation and deflation.
home: Golden Jackass website
subscribe: Hat Trick Letter
I didn't get the chance to get to the free weekend letter this weekend and I apologize, but in my defence it is summer and the sunny days have been few and far between this year so with family and friends ho