Why I am a Gold Bull
Earlier this year in April, I projected that Gold would surpass $1,000 per troy oz. and reach a target of $1,200 later this year or by April of next year. Those targets are still on.
If you look at the chart for the gold ETF (GLD), you’ll see a strong uptrend [...]
Futures are down a little this AM, as international markets and international futures are down also. This is reflected in The Dow World Index, which is down –0.59% as of 7:27 AM.
On today’s Economic Calendar, we have the Producer Price Index at 8:30 AM, and Industrial Production at 9:15 AM. Neither of these is expected [...]
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
Long Trade Idea Allied Nevada Gold Corp. (AVN) Along With SPDR Gold Shares Weekly Chart September 13, 2009
AVN is testing it’s latest breakout from above on lower volume. If GLD continues higher then AVN’s breakout from this almost 3 month consolidation could be a nice low risk high reward trade. It is not as liquid [...]
The following discussion took place in the Hamzei Analytics High Frequency Trading chatroom on September 1, 2009. Names in this transcript has been changed for privacy purposes.
MORNING
9.1.09 S&P 500 Chart for Morning (9:30am-12pm EST)
Moderator_A> I tend to lever more aggressively at time points in the day Trader_A
Moderator_A> and I may take off
Moderator_A> numerous pieces of [...]
SPDR Gold Trust ETF: GLD
GLD has a nice ascending triangle making higher lows up the 50 day and 20 day SMA. Gold itself broke out today and my partner in crime @JeffreyLin on twitter called out the triangle breakout on Gold. My alert was set for GLD @ 94.20 with a upside target of 100 thinking [...]
This chart is courtesy of our newest HFT Chat Moderator, Scott McCray.
Scott McCray, former anchor at Los Angeles Ch 22 Biz TV (the precursor to CNBC), has accepted our invitation to be a Chat Moderator in our HFT Chatroom. Scott is an active options and futures trader with great point of view on Gold, Crude [...]
For this week’s Energy and Capital column, I consider the recent mega-investment wave in farmland in light of peak oil concerns, and think farmland may be the trade of the century.
Is Farmland the Trade of the Century?
What should a long-term investor invest in when stocks and bonds aren’t working very well?
I’ve been asking that question [...]
lain and simple. Equity markets started the week of June 15-19 on the wrong foot as the European Central Bank confirmed Monday the view I posited in last week’s BHBGroupTrader Market Spread Report, namely that central bankers are not buying the green shoot theories of recovery. In its bi-annual Financial Stability Review, the ECB suggested that euro-zone banks will [...]