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Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money. After watching and reviewing the panic selling in the market it looks as though the majority decided to sell … Continue reading
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GLD – on sell signal. SLV – neutral. GDX – on sell signal. XGD.TO – on sell signal. 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 ups to add to positions. Disclosure We do not … Continue reading
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This essay is based on the Premium Update posted on May 28th, 2010 Since our previous essay dedicated to the general stock market and its influence on the PM sector generated a lot of positive feedback we decided to provide you with a follow-up. However, before jumping straight into the chart analysis, let’s focus on … Continue reading
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The stock market topped in April which was expected from analyzing stocks and the indexes. Back in April I posted a few reports explaining how to read the charts to spot market tops. Today’s report is about identifying market bottoms. It does not get much more exciting than what we have seen in the past … Continue reading
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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
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Gold videos from this week….
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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
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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
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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
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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
