Justin Smyth

Silver’s destiny with its 200-day moving average appears to be sealed this week as a brief bounce earlier in the week failed at the 50-day moving average.

Silver’s destiny with its 200-day moving average appears to be sealed this week as a brief bounce earlier in the week failed at the 50-day moving average.  From peak to trough so far this correction has run about 35%, which is still less than the 37% correction silver underwent from its parabolic peak in 2006. … Continue reading

Silver attempted to take out 50 on Monday of this week and instead had a big reversal day as it temporarily ran out of gas.  Then after testing 45 the following day silver has moved higher after the Bernanke press conference and is once again approaching 50.  For the very short term silver appears to … Continue reading

Silver continues its powerful and relentless move higher.  From August 2010 until now this is the biggest rally during this silver bull market that started early last decade.  Silver has also been the star performer of the financial world over the past year as you can see on the graph below. How does this … Continue reading

The slogan “the trend is your friend” was created for a reason. People tend to agree more often than disagree with their friends. Aligning yourself with the long term trend means you are choosing to agree with the wisdom of the market. Good friends typically help each other out too, and when you trade with the trend you let the market help you choose the correct direction to align your long term investments with.

It’s now been over a decade since the great tech bubble burst in the year 2000, but even today technology stocks are still popular among most investors and the financial media.

Warren Buffet released his annual shareholder letter last week and also conducted what has become an annual interview on CNBC with Becky Quick.  During the interview they covered an array of topics including the economy, the U.S. government’s fiscal situation, inflation, Berkshire’s investments, and oil.  At one point during the interview Joe Kiernan asked Buffet … Continue reading

Some financial commentators have picked up on the fact that the dollar has failed to get a safe haven bid so far during the turmoil in the Middle East. This isn’t normal, especially considering the problems one of the main alternatives to the dollar, the Euro, has had over the past year or so. The … Continue reading