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May 2, 2010 The past couple weeks we have seen sellers control the price of gold. This can be seen on the charts by the light volume drifts up then heavy volume sell selling sending this metal sharply lower. This type of price action provides some excellent intraday shorting opportunities. On the other hand the […]
April 28th, 2010 It’s been an interesting week with Spain being downgraded as Europe debt crisis widens. This has investors looking at the US dollar in a new light thinking that maybe it’s not that bad of an investment after all. This sent the US Dollar higher along with the price of gold so far […]
Sunday April 25th Last week the market slowly recovered from the recent sell off in stocks and commodities. So far the market is unfolding as we expected and with any luck there will be a surge of low risk setups across the market in the near future. Take a look at the charts below. GLD […]
Gold Newsletter – April 21st, 2010 It’s been, an interesting week as stocks and commodities claw their way back up after the end of week sell off on Friday. Most of the chart technical are pointing to another wave lower for gold, silver, oil and the broad market. This next wave of selling would form […]
Sunday April 18, 2010 Last week was exciting with broad market and gold forming an intraday reversal pattern after a long overbought rally, then broke down though short term key support levels. While this move lower was tough on the pocket book for those who chased the market up the past few days and/or were […]
In my last report I showed some cycles for the price of gold and how they were starting to roll over which would in turn put some selling pressure on both gold and silver this week. Last Monday we saw gold and silver open higher but both were met with selling for the entire trading […]
Trading can be a lot of fun and profitable or a nightmare and very costly. It really just comes down to understanding the key areas, which will make or break your trading. I have received a few emails asking me to explain more about how I stay disciplined, making sure my emotions don’t get the […]
Friday April 9th It’s been a relatively slow day in the market as Fridays usually are. I am most likely sounding like a broken record about gold and the indexes but I will show you again just to make sure that everyone’s on the same page for the upcoming correction. In short, major indexes and […]
April 7th 2010 This week has been playing out as expected with prices grinding their way higher and lots of sharp intraday sell offs and rallies which is indicative of a market getting toppy. Seems like the masses feel as though they are getting left behind which is why we are starting to see the […]
I hope everyone had a great weekend and Easter Holiday! This is quick update as its Easter Sunday and it’s a time to relax with the family 🙂 Below are two charts and my thoughts on what I am looking for in the coming days and weeks. Gold Exchange Traded Fund – Daily Chart As […]