Let me start the article with a personal note. For the last six years, my pen has put forth a public article almost every week. Since the end of 2009, a change has come from that pattern, for four reasons.
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's been an exciting week for traders as volatility levels are through the roof and the broad market is moving up and down like a yoyo.
The great Professor Roubini has recently declared on television that "gold has no intrinsic value" and that "if anyone is concerned about inflation they would be better off buying spam."
The stock market topped in April which was expected from analyzing stocks and the indexes.
Drastic times call for drastic measures. I have made major changes this past week to my portfolio. I am scared, and have taken appropriate actions. Safety first is now the motto I embody.
The condition of Europe has become the psychological linchpin governing the world's financial markets.
I'm not sure where this will all end, but today we saw a Dow Theory sell signal.
It has been an interesting week in the market as stocks and commodities push to extreme support levels.
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be c
Last week was amazing for both gold and index traders as gold surged higher and the SP500 tested a key resistance then fell 4% in our favor.
With the European sovereign-debt troubles dominating financial news, the euro has taken quite a beating lately.
It's been an exciting couple weeks in the market with gold now making new all time highs as money floods into this shiny safe haven.
The events of the last 12 to 18 months have been as shocking as they have been instrumental in reshaping the global financial structures.
Last night I came across a site on the web named COSTOFWAR.COM which shows the accumulating costs of the wars in Iraq and Afghanistan.
Two thirds of all trading on the NYSE is algorithm trading by hedge funds - some, with advance information because of the location of their computers - effectively trading as quasi insiders.
Historically, gold is rare because of the poverty of precious yellow metal in gold mines.
As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live.
Gold ended last week very close to new highs against the dollar, which was a remarkable achievement given that the dollar soared and that the stockmarket fell heavily.
As gold stocks continue to power higher in their usual spring rally, they are starting to attract investors' attention again.
The first five charts below are courtesy of"br> http://au.finance.yahoo.com/intlindices?e=asia
Markets in the US hit the last line of Fibonacci Retracement levels this past week, and gyrated like a bucking bronco. Where they'll go from here is debatable.
The past couple weeks we have seen sellers control the price of gold. This can be seen on the charts by the light volume drifts up then heavy volume sell selling sending this metal sharply lower.