Charts

By Jack Chan at www.simplyprofits.org 05/22/2010 GLD – sell signal this week. SLV – neutral. GDX – sell signal this week. XGD.TO – sell signal this week. Summary Long term – on major buy signal. Short term – on sell signals. We continue to hold our core positions, waiting for new buy signals and set … Continue reading

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 a … Continue reading

Back in the third week of April I predicted here on Kitco.com a topping in the broader market indices.    The theory was the VIX levels were extremely and historically too low concomitant with extremely high historical readings in investor bullish sentiment gauges.  After thirteen Fibonacci months of a bull cycle rally, it was likely an … Continue reading

1. The GPP (Gold Price Parabola) is overshadowed only by the GVP (Gold Volatility Parabola) A HSR band (horizontal support and resistance band) is not a top or bottom turn calling point. A turn might occur there, but that’s of minor importance. The more significant the HSR band is, the greater the amount of supply … Continue reading

May 9, 2010 As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live. A lot of money changed hands last week and you either lost a bundle or made a bundle… I did send out some charts and a video on Thursday night … Continue reading

This essay is based on the Premium Update posted on May 7th, 2010 Thursday saw a huge reversal in the general stock market accompanied by huge volume. There seemed to be a selling mood, which accelerated for several hours though the mid-day period. Is this a beginning of a severe plunge or are we likely … Continue reading

This essay is based on the Premium Update posted on April 30th, 2010 Three weeks ago we’ve commented on the link between the general stock market and gold, but since the situation has changed significantly since that time, we would like to provide you with a follow-up. Let’s begin with the very-long-term chart (charts courtesy … Continue reading

I’ll start off with an analogy. Let’s say you just bought a business, a small restaurant. You open for business on Monday and after a week you have grossed $6000. You’re feeling pretty good about how things are going. The business is up and running. Dollar signs are floating in your brain. Then a week … Continue reading

Ron Greiss of the Chart Store produces great graphics. In FSO’s wrapup piece, Greiss looks at various measures of inflation. Go here to see it: http://www.financialsense.com/Market/griess/2009/1229.html