I want to discuss something that came up on the blog Friday. An anonymous poster hinted that we were going to see more gold weakness in the days ahead because big money was having to sell positions. Folks, big smart money traders don’t sell into weakness. These kind of investors don’t think...
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It was an interesting options expiration week for equities that’s for sure. We saw some very choppy price action with large waves of buying and selling as the bulls and bears fought for control.
Both Gold and Oil closed lower for the week which is not a good sign considering the US...
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1. For the past 6 months or so, I’ve tried to show the gold community the blood-relative link between GOLD and FOOD. Here’s the wheat chart. It’s been a cornucopia of profits for those who bought into the lows. Wheat Daily Chart July 6
2. I’m talking about the markets, not the survival pouches of...
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Dow, Gold & Oil are Breaking Out or Bouncing
Over the years we have seen the stock market make some pretty exciting moves for share holders. This year alone there have been some interesting events unfold causing wild market swings which most of us did not think could happen. Things like countries going...
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It’s been a bright week so far for stocks and commodities. It appears that the down trend could have ended as of yesterday (Tuesday June 15th). In this mid-week report I figured I would bring back the 80’s colors to see if I can spice things up!
Below are some charts I...
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Last week we saw the financial market including commodities move higher which was great to see. But the recent run up has brought both equities and commodities to their key resistance levels. With Gold, Oil and the SP500 trading near key resistance points we will most likely have some sharp movements this week...
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June 10, 2010
1. Energy. A subscriber sent me a note a couple of days after the oil leak started. Some engineers were saying the only way to close the gulf oil leak might be with a nuclear bomb. We wondered if that was extreme or not….
2. Now major energy analyst Matt Simmons...
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Market volatility continues to shake things up making it profitable for traders who are quick to spotting key reversal points, manage risk and taking profits before it evaporates. On Tuesday we saw the market go up and down more than I have seen in a long time… It moved over 5% as it...
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Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money. After watching and reviewing the panic selling in the market it looks as though the majority decided...
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It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold.
Gold Futures – 4 Hour Candle Stick Chart
The price of Gold is testing...
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