A few weeks ago I wrote about how gold was starting to top and that everyone should expect a very sharp drop to the low $1600 area.
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.
It was quite the week to come back to after being away for the past two weeks with little to mostly no internet access.
The grinding 6-week-old bottoming process following the stock-market correction is doing its job, shaking out all the weak hands.
What a trading session Wednesday was with the FOMC meeting and the FED coming out leaving the Fed Funds Rate unchanged at 0.25% and saying the economy is looking weak and will not likely to get better any ti
Wow!! The billboard signals of extreme crisis are overwhelming. Three years of near 0% with no recovery. A full year of ample USTreasury and mortgage bond monetization with no recovery.
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.
A tsunami doesn't start with a bang, but with a whimper. The first sign is a little hump in the water way out in the distance that is barely notable.
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
Gold has been rocketing up to and through the price levels that we laid out many months, ago, though a couple of months later than we had expected.
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 is now running up through the series of price targets that we laid out early this year, though a couple of months later than we had originally expected.
Gold has enjoyed an amazing rally in recent weeks, catapulted higher by the extreme fear sparked by the sharp stock-market correction.