Gold spot with horizontal resistance then downtrend line overhead
Chart Courtesy of Stock Tiger Gold Report Sign Up Below
Chart Courtesy of Stock Tiger Gold Report Sign Up Below
Tim Iacono Now, here are few data series that I’ve never seen on the same chart before – U.S. debt, the debt ceiling (just for fun, apparently), and the price of gold. This is from a presentation yesterday by Nick Barisheff, President & CEO of Bullion Management Group, at the 2012 Empire Club of Canada [...]
From Contrary Investor H/T Zero Hedge It Ain’t Over ‘Til It’s Over If there is one lesson to be learned from the Japanese experience with deleveraging over the past few decades it’s that deleveraging cycles have there own special rhythm of reflationary and deflationary interludes. Pretty simple thinking as balance sheet deleveraging by definition cannot be a [...]
GDX – Gold Miner Stocks – Daily Chart Gold stocks have been underperforming the price of gold bullion for several months. This typically is not a strong sign for physical gold prices. That being said I do feel the majority of investors are seeking true safety and want to own real gold and not some [...]
Gold Scents The gold bull is now on the verge of launching the most spectacular up leg of this 10 year bull market. This spring we should see the final parabolic rally of the massive C-wave advance that began in April `09 with a test of the 1980 high at $860. First off let me [...]
Perhaps those 2 days of December 1,800 gold call purchases we discussed yesterday indicated someone (not Doug Kass mind you), knew something…Gold has just surged by $20 in minutes. Unless Blythe can find a way to contain this, this could get very ugly, very fast. 6 months of detailed trading guidance, pre-market videos, low risk alerts, [...]
Dave Banister- www.MarketTrendForecast.com My more recent forecasts for Gold were intermediately bearish from the $1390’s area as we saw a clear triple top breakdown from the 1425-1430 ranges about 8 weeks ago. However, the drop to $1310 fulfills a potential Fibonacci pivot low according to my Elliott Wave views on Gold, and investors can begin [...]
David Banister- www.MarketTrendForecast.com Gold has been consolidating other than a spike to an intermediate wave 3 top of $1424, for about 7 weeks or so now. It’s typical to see Fibonacci periods of time as part of consolidations whether it be an individual stock or a precious metal in this case. Gold was overbought at the [...]
GLD – Gold Exchange Traded Fund Gold also looks to be topping and could actually be starting to form a Head & Shoulders reversal pattern. Mid-Week Trend Trading Conclusion: In short, understanding inter-market analysis is crucial for traders/investors to know. Not understanding how they affect one other can be very costly in the long run. [...]
At this point anyone following financial markets realizes that current market conditions are directly impacted by the movement of the U.S. dollar. Recently the dollar has shown strength and could potentially be putting in an intermediate or potentially longer term bottom. At this point it is a fool’s game making predictions, but the current Dollar [...]