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.
Gold Market Analysis
Technical analysis to forecast and predict the future price trends of gold and other precious metals, as well as the US Dollar and the Euro.
"No one and I stress no one is able to predict with certainty how and when the whole situation will unravel.
The feverish positive sentiment has left the Gold & Silver market in the last two months.
"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.
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 indic
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.
We're in the midst of an amazing run off the recent lows in the stock market. As tempting as it is to buy some of leaders now, I think it would be a grave mistake.
The recent recession-fear craze hammered commodities prices, crushing the stocks of the companies that produce them.
Over the past year we have been learning more about the financial situations across the pond in Europe. With international issues on the rise, investors are panicking trying to find a safest haven for their capital.
An important reversal of focus, expectation, and direction has taken place in Europe. Put aside the sovereign debt mess that will not go away.
That is correct, book the funeral, because if common sense and the free market are not allowed to resurrect themselves, we are destined to fall into the hole we have created.
It was a wild week to be sure and we've hit a tentative bottom in US equity markets with the S&P500 printing a double bottom pattern as I'd hoped would occur.
"A morsel of genuine history is a thing so rare as to be always valuable."
The recent sharp selloffs in stocks and commodities have fueled an incessant drumbeat of pessimism plaguing the financial markets.
I want to correct a mistake I made on my table for the foreign central bank holdings of US Treasury debt in my last article.
Many investors pigeon-hole themselves as "inflationists" or "deflationists", where an inflationist is someone who expects more inflation over the years immediately ahead and a deflationist is someone who ex
The USTreasury Bond rally over the last few months has been celebrated. Some call it a contradiction of the Standard & Poors debt downgrade of USGovt debt.
In classic fashion gold's brutal plunge ended in a zone of strong support just above its 200-day moving average.