Monthly Archives: June 2010

Banking Reform Pushing Financials Lower and Silver Higher

Major mining indexes appear to be approaching a major breakout point fueled by the sweeping overhaul and takeover of banks.  Banks have been under pressure from a continuing recession, high unemployment, a weak housing market and now more government oversight and audits. This does not help a recovery process for housing or financials.  These are…
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Relative Strength Signals Confirm Breakout in U.S. Gold (UXG)

El Gallo's story is continuing to impress the mining community.  U.S. Gold has invested a lot of capital into drilling El Gallo this year and believe that by 2013 they can be producing up to 10,000,000 ounces of silver a year plus 35,000 ounces of gold.  This drilling program has been extremely successful.  They have expanded the…
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U.S. Economy Breaking Down, Attempts To Prevent Deflation Failing

The United States is facing a crisis of a rising dollar and a recession where basic  industries over the past several months have experienced a nasty decline.  This condition is a concern for policy makers as the federal stimulus appears to be wearing off.  The economy seems to be slowing and cash, treasuries, silver and…
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Second Failure of 50 Day Moving Average, Possible Shorting Opportunity

There are key points and days to consider heavily when following markets and deciding which direction to play.  If you study charts you are able to see patterns that repeat themselves over and over again. One key shorting opportunity that I have seen before major market declines is the second failure of the 50 day…
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Fear of Deflation, A Weak Economy and Bad Global Debts

Copper is an extremely useful indicator which shows the strength of the global economy and whether the economy is growing or decreasing. At the moment Copper is flashing a "red alert!" A very bearish crossover pattern means that copper could go lower for many months. This pattern is taking place with a broken trend, weakening…
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U.S. Gold Making Major Gains, 90% Gain From Original Recommendation

U.S. Gold (UXG) continues to be one of the best stocks in the overall market completely bucking the previous correction.  Please read my previous post from last week where I highlight the 4 major reasons this stock is moving and why I believe it will continue higher.  Click here for previous post. We will have…
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Market Makes Move Above 200 Day on Higher Volume

Today the major indices made an important move to regain the 200 day moving average and clear resistance on higher volume.  After making 2 previous attempts to cross the 200 day the markets are appearing to have made a successful double bottom.  The double bottom pattern would be more confirmed if the volume on today's…
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Is Gold In A Bubble? No Way! Classic Cup and Handle Pattern

On the front page of all the media outlets is the question if gold is in a bubble.  I ride bubbles and look for beginning signs of bubbles.  Bubbles are irrational, but there is an old saying that markets are irrational a lot longer than one can stay solvent. I believe gold is nowhere near…
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