I wrote a post here for ATP called “The bull case is not dead yet”. This ended up as an article on 321Gold.com, which you can review here: Bull Not Dead Article- Banister. I stuck my neck out, which I love to do once in awhile when the contrarian mood strikes me. I wrote a [...]
Gold Futures Trading Trend – 60 Minute Candle Chart As you can see from the chart below gold has made a short term bottom and is trading at a major resistance level. The question is, does gold reverse and head sharply lower or does it break through the resistance level? Could this be the start [...]
February gold closed sharply higher on Wednesday as it extends this week’s breakout above the 20-day moving average. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If February extends this week’s rally, the reaction [...]
By Jeff Clark, Editor, Casey’s Gold & Resource Report Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception… First came Enron, with $65.5 billion in assets, going belly-up and [...]
In its recent look back on the first 10 years of the century, Time Magazine proclaimed the period to be “the decade from hell”. The editors made their case based on what they saw as the signature events of the past 10 years, notably the ravages of terrorism, failed wars, and a global financial crisis. [...]
February gold was higher overnight and is testing resistance marked by the 20-day moving average crossing at 1116.90. Overnight weakness in the Dollar is helping to support the precious metals markets. Stochastics and the RSI remain neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving [...]
Gold is in a strong bull market but the short term charts have provided over 13 short trades in the past 2 weeks for futures traders playing the bounces to resistance levels. The triangle on the 60 minute chart with declining volume is a continuation pattern of the short term trend which is down. Because [...]
Courtesy of Mark Brown Although December’s heavy sell off in the Gold (and Silver) market confirmed a significant set of monthly and weekly cycle highs, highs that may take this metal some time to meet/exceed, there now appears to be plenty of credible technical evidence to suggest that Gold may be ready to mount a [...]
MISH Citing speculation and excessive leverage Vietnam to put an end to gold trading. January 1 2010 Vietnam has ordered all gold trading floors to close by the end of March, putting an end to a business which turns over $1bn a day but which the government feared was spinning out of control. “Both the [...]