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Death Cross Confirmed, Gold and Silver a Sure Bet During Crisis
Several weeks ago I wrote about the death cross phenomenon. The death cross occurs when the 50 day moving average crosses the 200 day moving……
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Several weeks ago I wrote about the death cross phenomenon. The death cross occurs when the 50 day moving average crosses the 200 day moving……
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In today’s 31 page premium update we unveiled our new JR Gold Index. It consists of 25 stocks which are equally weighted and most fit in our target range of $100 to $600 million in market cap. How a billion dollar company can be called a junior, is beyond me. The second chart show the … Continue reading
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1. Gold blasted out of the ascending triangle I highlighted this morning right before the breakout. 2. GOLD ASCENDING TRIANGLE 3. Gold blasted off leaving a crowd of top callers and gold worriers behind. The target of the triangle is 1320. The worst traders I know are pretty much out of gold. 4. The reality … Continue reading
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Was looking for smaller producers to replace the departed JAG, and once again went to review the GDXJ junior gold miner eft’s holdings and I realized that I will be best to pick my own explorers and juniors. I then went and reviewed the GDX gold miner etf’s holdings. Much more to my liking and … Continue reading
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Let’s get right to business. Here’s the gold juniors chart, via the GDXJ. I’ve highlighted the key HSR levels in blue. After hitting my “enhanced selling” HSR $29 area, most of you are back in refill mode now. Click here now to view the enhanced buy zones, current and prospective: GDXJ Daily Chart The one … Continue reading
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1. Nouriel Roubini is back! So are a boatload of other top economists, all horrified as they watch what they term “the tip of the iceberg”. The Euro crisis has deepened into a catastrophic mess, one that has just started. While it all looks hopeless, I want to remind you that the “banksters” continue to … Continue reading
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As someone still learning how to trade better (I hope I never stop learning), I wanted to lay out my thought process for re-entering the GDXJ ETF from the long side over the next week. The following is what I expect to happen, and I will re-adjust if the market doesn’t give me what I … Continue reading
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Kitco.com’s own new Gold price measure demonstrates that Gold has reached significant new all-time nominal highs. To quote from their website: “The Kitco Gold Index is the price of [G]old measured not in terms of US Dollars, but rather in terms of the same weighted basket of currencies that determine the US Dollar Index.” In … Continue reading
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Was looking at the Gold forward lease rates from the London Bullion Market Association (LBMA) website (you can look yourself here if interested). It looks like the 1 and 2 month lease rates have inverted for the past three trading days in a row. When you start getting into lease rates, my brain has to … Continue reading
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As of Friday February 19th, gold is positioned in a rare setup that normally only comes along once or twice every 15-20 months……