GLD - on buy signal.
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GLD - on buy signal.
Let's take a look at gold, silver and the Dow Jones from their lows of the Credit Crisis, starting with the Bear's Eye View and price charts for silver.
Silver
Let's take a look at gold, silver and the Dow Jones from their lows of the Credit Crisis, starting with the Bear's Eye View and price charts for silver.
Red-hot copper hit another new all-time high this week, extending its mighty upleg to a 66.6% gain since June! As always after any strong run, investors and speculators are pretty excited about this essential base metal these days.
The past couple weeks I have been keeping a close eye the price of gold and the gold miners index. I check to see if its pointing to higher or lower prices in the near future using inter-market analysis, price and volume, along with technical analysis.
With the advent, then the continuation of the Quantitative Easing exercise in hyper-inflation and capital destruction, the US Federal Reserve has perhaps taken its deeply damaged reputation as a central banker and decimated it into shreds.
In response to two articles recently by much greater and high profile minds than mine I thought I'd put a little piece out showing how technical analysis does work in the Gold market.
It's been my philosophy to KISS.
There is really just one question about China, the Western mindset's "enigma wrapped in mystery". How could the Chinese have made the colossal mistake of investing their hard-earned savings in the debt of the U.S.
Political as well as economical developments around the globe, especially in the Middle East, have affected the commodity markets during the previous week.
Ralph T. Foster in his invaluable book, Fiat Paper Money, The History and Evolution of Our Currency, writes that paper money made its first appearance in Szechwan, a remote province of China early in the 11th century.
Political as well as economical developments around the globe, especially in the Middle East, have affected the commodity markets during the previous week.
While Ben Bernanke says we are not seeing any inflation, I think most of us know that is a load of BS as other countries like Egypt see food prices surging.
Friday was to be a day of departure for Egypt's Mubarak, but it wasn't yet to be. It won't be long now imagine though as many countries are joining together and are ever closer to asking and even forcing him to leave now.
GLD - new buy signal this week.
As most sophisticated investors and traders are aware, the U.S. Federal government has run up significant deficits and the long term debt burden is becoming a drain on Gross Domestic Product.
"The mountains went into labor and gave birth - to a mouse! This ancient quotation could be cited to characterize the publication of the long-awaited Financial Crisis Inquiry Report on Thursday, January 27, commissioned by an earlier Congress.
We have seen some exciting moves in the market and with the market sentiment so bullish it should make for a sharp selloff in the coming weeks.
A rare and exceptional opportunity has just presented itself to enter this Precious Metals bullmarket at very favorable prices for gold, silver and especially for Precious Metals stocks - right at an intermediate bottom.
The events transpiring in Cairo at the moment are still developing and the outcome is far from known as of this writing. President Mubarak is being asked to resign.
GLD - on sell signal.
There are some bizarre things going on in the silver market at the moment, reminiscent of the supply shortages and high premiums witnessed in 2008.
After rocketing 76% higher in just 5 months, silver continues to enthrall investors and speculators. In the decade I've been gaming its bull through actively trading silver stocks, I've never seen this metal so popular.
Below are two charts showing the cyclical behaviour of the S&P500 - over a +-9 month cycle and a +-4 year cycle. (source: DecisionPoint.com)
There is only one difference between a bad economist and a good one: The bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and more importantly, those effects that must be fo
Whether Americans and Westerners in general like it or not, the Chinese have become and will remain the key drivers to many economic and financial market developments, progress, and averted wreckage.
Depending what type of trader you are and what you focus on the most for trading you could be either bullish or bearish on the stock market right now.
We are now seeing a convergence of indications that a reversal in the Precious Metals sector is at hand that will lead to a major uptrend soon.
It was an interesting week to say the least. One I can say I don't ever recall seeing the likes of, and one which is quite likely a warning shot across the bow.
GLD - on sell signal.