GLD - new buy signal this week.
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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.
The US stock markets have enjoyed an awesome run since late August, with the flagship S&P 500 stock index (SPX) up 23.7%. Traders have earned huge profits in sectors that leverage general-stock-market gains, including commodities stocks.
Today the stock market bled out with a river of red candles. All of the recent gains vanished in one session. Strong selling volume sessions like this are typically a warning sign that distribution selling is starting to enter the market.
Does anyone know what China really wants and in which direction China is going?
I've been talking to subscribers this past week about the powerful move we've seen in US indices as of late and the recent pattern formed in the S&P500, which is a rarity. It's the Swiss steps pattern as shown below.
Silver's massive autumn rally has utterly captivated speculators and investors, their appetite for all things silver is insatiable. Interestingly a major driver of this metal's recent surge was stock-market buying of the flagship silver ETF, SLV.
BLOWING BUBBLES
Plenty of indicators try to bring the world of gold to an investor's doorstep, and in a bullish environment they all seem to make headlines. The Dow/Gold ratio is one of those headline-making numbers that warrants a closer look.
Numerous are the threats to the USEconomy and US financial structures. Many are hidden threats, subtle challenges to undermine increasingly fragile support systems, planks, and cables that hold the system together.
It was a great first week in the market for 2011. Volume picked up as traders slowly return from holidays focusing on the markets again.
It's great to be back after the holiday season. Things are as exciting as ever in the markets and around the world politically.
GLD - on sell signal.
Thanks to its awesome autumn rally, silver has become something of a rock star in the commodities world. Investors and speculators alike are enthralled with this white metal.
The news that Paul Volcker plans to step down from a "panel of experts" advising Barack Obama today will likely whip market participants into a bit of a frenzy analyzing what this could possibly mean.