Daan Joubert

Daan Joubert Articles

For the past four years the main trends in the major markets were fixed as if running on rails. Wall Street was bullish, with rapid recoveries after any brief sell-off; gold and silver was bearish, with every rally soon capped and reversed...
The Non-Farm Payrolls number, announced on the first Friday of a new month, is reported to be the most watched official economic statistic in the US. On Friday, the expectation from economists was for a number just in excess of 200 000.
In the cartoons of my time, a steam pot that was going to blow showed clear signs of the impending explosion – the steam puffs coming out, the shaking and rattling and the circumference increasing. Much the same signs can be seen in the...
There are quite a number of ‘standard’ chart patterns that have been recognised as such since the early years of Technical Analysis -- and there are probably no TA practitioners who do not accept their existence and with near consensus on...
Last week the theme was that – just like a pressure cooker with the relief valve tied down – mounting pressure in the markets were closing up to the red line where an explosion becomes imminent. While it is impossible to name the exact day...
A long time ago a friend need help cleaning a kitchen after a pressure cooker had exploded. Apart from a large hole in the ceiling and some broken things all over, it was necessary to clean practically every square inch of every surface,...
Or is it perhaps that most markets, almost certainly facing major reversals in trend are trying to remain as steady as possible in the highly uncertain situation. This has meant the fire and flames analogy of recent weeks has broken down,...
The fire brigade rolled up last week! They made sure the fire did not take hold, but had to rush off before it was all extinguished; there were so many fires to get to in a hurry they did half a job on some. This is not about hope or...
But will the gold price and silver price hold? Various commentators have said over the past few weeks that the precious metals have been subjected to what seems desperate action from the intervensionists to prevent a rising trend. It is...
Last week started with the gold PM fix holding above the $1080 level that was seen as key long term support. The great concern was about what would happen on last Friday – the infamous monthly NFP report on Non-Farm Payrolls.

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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.