The US dollar has been reacting very bullish to the death of Osama bin Laden, the figurehead of Al Qaeda. Short-term investors have shown a renewed interest in the US dollar (UUP) as near-term resistance and the 50-day moving average have broken to the upside.
After QE2, analysts were looking for possible consequences of the Federal Reserve Bank’s actions…..
After trading through both bull and bear markets and witnessing hysteria and panic, I’ve learned that whatever method you use to buy stocks, you must have a discipline to sell. When I buy, I look for support levels and oversold conditions so that a reversal could bring about a major gain and the downside risk … Continue reading “Major Reversal Day On Gold and Silver, Could Be A Climax Top”
Ben Bernanke has officially announced quantitative easing and the markets are reacting with rising prices among all asset classes. QE2 is practically an economic tool to artificially raise asset prices to prevent deflationary forces. When asset prices decline due to a lack of demand you have deflation. Quantitative easing essentially is a preventive approach for … Continue reading “QE2 News Overshadowing Default Risk In Europe”
These past few weeks as the equity markets rallied based on the belief of further quantitative easing by the Fed in November’s meeting, the dollar has collapsed which I warned readers about a couple of weeks ago. Since that time gold and silver have had a historic and parabolic rise as investors feel the Fed … Continue reading “A Currency Devaluation War: When Will The Next Crisis Start?”
I wrote an article on July 5th, 2010 as Taseko was collapsing after a Federal Review Panel concluded that Prosperity would have significant adverse affects on the environment. As the stock was plummeting from the news I wrote to readers that Taseko was reaching a major buy point and an area of support. Since that … Continue reading “Taseko Mines: Prosperity Approval Will Have Powerful Consequences For Mining Industry”
A couple of weeks ago I mentioned the the dollar was on the verge of a collapse. The dollar has significantly fallen since that time and is now reaching extremely oversold levels evidenced by the stochastics and RSI. So a dead-cat bounce may be beginning in the dollar, which may put short-term pressure on equities … Continue reading “Equity Markets Losing Momentum, As Dollar Reaches Extremely Oversold Levels”
At the end of July I published a series of articles calling an important buypoint in precious metals. To see my archived article from that point click here http://goldstocktrades.com/blog/2010/07/21/trading-method-signals-buy-gold/. In these articles I mentioned a target of $21 by the end of the year. Right now silver has reached that target after making an explosive … Continue reading “This Trading Method Now Signaling To Be Cautious On Gold and Silver Bullion, Base Metals and Miners Appear Better Positioned”
Since the emergence of the European Debt crisis in April 2010, treasuries have been in a strong uptrend as investors have been seeking protection from risky assets.April to August 2010 was a deflationary period, similar to the fourth quarter of 2008 when treasuries soared higher before the massive government stimulus. Stocks have been in a … Continue reading “Investors Rush Into Gold and Silver as U.S. Treasuries Show Signs Of Weakness”
Gold broke out of a classic cup and handle pattern yesterday right before the Bank of Japan announcement. The Yen has significantly strengthened since June as this is extremely difficult for the Japanese export companies. The economy in Japan is weakening and they are facing their own sovereign debt issues which have not yet surfaced. … Continue reading “Dollar Slices Through 200 Day Moving Average After Bank Of Japan Announcement”