It was a more exciting week than I could have imagined, and I imagined quite the exciting week. Let's get right into it today.
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.
Last week gold's major new uptrend became established when following a successful test of support at the breakout point it advanced to new highs, indifferent to temporary dollar strength.
After India's central bank gobbled up half of the gold (200 metric tons) the IMF recently offered for sale, gold surged 2.4% on Tuesday to a new all-time n
With the steady stream of claims toward an economic recovery, one must do a reality check from time to time.
Precious Metals ETF have gone wild the past 2 weeks. Last week we saw gold and silver prices drop sharply as it shook out short term trader's stop orders before breaking out and moving higher.
Things are looking good for the gold bugs these days. September and early October saw the (long awaited) break above $1,000.
The last week of October was something else. Heavy fiscal year end selling for mutual funds seemed to put a damper on good news and push stocks and commodities lower.
The gold option writers got what they wanted this past week and while gold call holders got taken, technically it was good for gold.
It was Mark Twain who said "there are three kinds of lies: lies, damned lies, and statistics." Benjamin Disraeli actually said it before Mark Twain in different words and since then many more have repeated
Actually, the golden opportunity is for buying silver at current prices.
Commodities and stocks almost look ready for a rally or at least a relief bounce. The market is down over 5% and the normal pullback this year has been 4%.
Not 'How High Will Gold Go?'. Nobody knows for sure. Anyone who says they know is a fool, has inside (illegal) information, or has a hidden agenda. The answer is not knowable as the future is uncertain.
To meet the growing needs of investors interested in investing in the broader, yet small-, micro- and nano-cap skewed, precious metals mining sector (i.e.
The past week in gold, silver, oil, natural gas and the broad market wasn't anything to write home about. We are seeing controlled profit taking which is making the market choppy.
I remember well when gold rose from the measly price of $400 to above $700, the excitement was contagious. Then it rose from $700 to $1000 and the excitement was marginal.
It's sure been an awesome year in the stock markets! By this week, the benchmark S&P 500 index (SPX) had soared 62.3% from its despair-laden March low and 21.6% year-to-date.
Commodities so far this week have not changed much. But I can point out a few things for us to watch Thursday and Friday.
The US Federal Reserve continues to talk about their urgent Exit Strategy. My theory is they will be doing mostly talking and almost no doing.
The ultimate key to success in all trading, both long-term investment and short-term speculation, is simple. Buy low, sell high.
In one of the previous essays I've drawn Readers' attention to the fact that gold has now decisively broken above the $1,000 level, a
The chart below (courtesy stockcharts.com) is of the Dow Jones Industrial Index divided by the US$ Index