S&P 500

Last week we saw stocks move sharply higher as traders started to cover their short position which added fuel to an already oversold market ready to bounce. Overall volume was not that strong on the move up which is a bearish sign. On Friday afternoon we saw the SP500 continue to move into the $1075 … Continue reading

Its mid afternoon Tuesday and the markets are selling off – still.  It seems like it will never end.  Big red candles on every chart I look.  The VIX, the temperature gauge of fear, is rising again and the news headlines are filled with gut wrenching uncertainties about US Municipals, foreign countries that are characterized … Continue reading

This essay is based on the Premium Update posted on March 26th, 2010 In our previous essay we explained the link between the USD Index, and the price of gold and commented on what how is the situation on the USD likely to influence the precious metals market. This week, we would like to comment … Continue reading

..I expect the stock market will also exert some influence on the precious metals market when it sinks into the low. As a matter of fact, at 21 days it now appears gold has already begun the trip down into its next daily cycle low…