GLD - sell signal this week.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
Mining shares and the precious metals were hard hit on Wednesday after Fed Chairman Bernanke appeared before Congress. Bernanke gave his view on the U.S. economic outlook during and offered a mixed message.
As we have discussed in a previous article, our Fractal Model suggests the wave for Gold in US Dollars will sweep up into the $3500 to $3600 area into the mid-year time-frame.
The market has come a long way since October when the price low was established in the major stock averages. It has come even further when compared to its March 2009 bear market low.
This morning we are seeing the US Dollar index move higher retesting a short term breakdown resistance level. What this means is that the dollar fell below support and is not slowing drifting back up to test the breakdown level.
With the 'breaking news' on Tuesday morning being the fact that the Dow Jones Industrials had broken 13,000 for the first time since 2008, the immediate spin from the majority of the mainstream press revolved around 'see, its all b
The week was interesting as we basically stalled out for the most part with many US indexes and stocks, especially coming onto the end of the week.
With the 2012 elections looming, politics are increasingly dominating newsflow. And it is only going to get worse, news will be all politics all the time by summer.
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of A
Analysis Of The Long-Term Silver Chart Suggests Significantly Higher Prices
Although it is a long way from being a mainstream view, over the past two months we've read several comments along the lines of: the financial world will soon be immersed in another 2008-style crisis, only worse.
Let's turn our attention to a cycle which we've rarely discussed over the years. The Kress 24-year cycle is one of the components of the 120-year cycle series which is scheduled to bottom in 2014.
Let's turn our attention to a cycle which we've rarely discussed over the years. The Kress 24-year cycle is one of the components of the 120-year cycle series which is scheduled to bottom in 2014.
Over the past few years, the fortunes of Europe's euro currency have appeared to significantly influence the US stock markets.
In our 11th January 2012 commentary we argued that a certain 'technical analyst' was wrong to extrapolate gold's recent price action into a forecast of imminent deflation.
The Euro is now at a critical test of resistance at the old neckline of the one year H&S top. It's just as important to know when a good pattern works and when they fail.
It was another incredibly strong week for the US markets up until Friday when more confusion emerged out of Greece and US markets took a hit but still remain strong as many leading stocks were still up nicely for the day and that i
Below, is an extract of my Silver Premium Update for 25 January 2012:
The US stock markets have been on fire lately, still marching higher even after the S&P 500 powered to its best January in 15 years.
When reading stuff about the pros and cons of investing in gold we regularly come across two misguided assertions, the first being that changes in gold's price in terms of a currency do little more than offset changes in the curren
Since January 1980 the values of US Commodities have been affected by growing demand and the price increasing effects of inflation. All commodities have enjoyed price increases.....
Selling pressure earlier in the week gave way to strong demand for equities as concerns over the European debt crisis have been moved to the backburner. Investors have instead been focusing on the improved U.S.
I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct.
I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct.
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10 karat gold is 41.7% pure gold.
