$1,528, or there about, should be the bottom in this correction. If gold breaks that support for three days or more, Katie bar the door because the elevator is going down. Let me fess up here, I never saw this retest of the $1,528 support coming. If I had, I would have sold 75% of [...]
Elliot Wave Theory can add a lot to your trading and provide helpful hints that can mitigate your greed on the upside and calm your panic selling to the downside. Both of these concepts are something that all serious traders need to learn if they want to make money trading stocks and commodities. Hopefully this [...]
Before we get into Fibonacci numbers and how they are useful in determining the moves of stocks, I want to comment briefly on the Fed’s latest statement on the possibility of QE3 (Quantitative Easing). This week, they stated that the QE spigot has been turned off and not likely to open up in the future. [...]
Picking undervalued gold and silver stocks is not a difficult process that requires magical powers. (For the sake of this discussion, I am including silver anytime I mention gold.) There are many tools that are available to us that can make the whole process relatively simple. Once you get that “gut” feeling that you are [...]
If we have learned anything in the gold and silver markets over the past three weeks, it is that volatility is the new norm. Nothing has really changed except that the world’s economic situation has gotten worse. The Euro zone is no closer to a real solution to the Greek problem, so they kicked the [...]
The World Gold Council data showed Chinese gold consumption totaled 207.4 tons in 2003. It had more than doubled to 457.7 tons by 2009. The most recent report shows gold imports from Hong Kong tripled in 2011. Since China does not report their gold trade figures until long after they become statistics, the Hong Kong [...]
Ben Bernanke speaks and puts the lie to everything that “The Community Organizer In Chief” has been spouting in this, the beginning of the fourth year of his reelection campaign. Wouldn’t it be great if we had a President that put the country’s needs above his own? Refreshing yes, but don’t count on it, because [...]
Gold has bounced off the bottom of this latest correction and is moving higher in an orderly fashion as it readies for the push through $2,000 to $2,100 later this year. There are strong indications that gold will launch a new move soon. Many factors would have to come together at exactly the same time [...]
Oil and gold are connected and the relationship is becoming more evident every day. One is an expression of power and expansion and the other is a store of wealth. Both bring wealth to the nations that hold them as is demonstrated by the growing wealth of China as they acquire more and more physical [...]
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