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Breakout in Precious Metals, Pay Attention to High Quality Explorers

Breakout in Precious Metals, Pay Attention to High Quality Explorers

The global debt crisis and the war on deflation by the Federal Reserve is causing precious metals to approach a key resistance level.  Gold is nearing a 52 week high…

Gold Miners On Verge Of Major Breakout. Cup and Handle Pattern/Ascending Triangle.

Gold Miners On Verge Of Major Breakout.  Cup and Handle Pattern/Ascending Triangle.

The global debt crisis and the war on deflation by the Federal Reserve is causing more producers to find ways to invest their cash.  This low interest rate environment which…

Silver Ascending Triangle Breakout. Major Move Expected

Silver Ascending Triangle Breakout. Major Move Expected

Silver had very powerful break out today as investors are seeking assets that are safe and will retain value during a debt crisis.  Silver is  seeing demand at these price…

Head and Shoulders Pattern and Rising Wedge on S&P500

Head and Shoulders Pattern and Rising Wedge on S&P500

The rise in equities from March 2009 to April 2010 lacked one key ingredient in a bull market: volume confirmation.  There were many technicians who pontificated why the lack of…

Market Fails as Fronteer (FRG) Jumps On Long Canyon Discovery

Market Fails as Fronteer (FRG) Jumps On Long Canyon Discovery

The S&P 500 broke out of a bearish rising wedge pattern last week after failing to hold the 200 day moving average four different times.    My bearish views were…

China Drastically Cuts Treasuries By Record Amount, Nervous About U.S. Spending

China Drastically Cuts Treasuries By Record Amount, Nervous About U.S. Spending

China decreased their holdings in U.S. Treasuries by a record amount in a U.S. government report issued yesterday.   Treasuries at the moment are experiencing a steep rise as the…

Death Cross Confirmed, Gold a Sure Bet During Crisis

Death Cross Confirmed, Gold a Sure Bet During Crisis

Several weeks ago I wrote about the death cross phenomenon.  The death cross occurs when the 50 day moving average crosses the 200 day moving average on the downside.  These…

Gold Breaking Out Vs. Euro, Relative Strength Chart Shows Trend Change

Gold Breaking Out Vs. Euro, Relative Strength Chart Shows Trend Change

The trade deficit widened unexpectedly this month after the dollar reached extremely oversold levels, which was quite surprising to Wall Street.  Usually, a weaker dollar should lead to an increase…

Has the Stimulus Worked? Advance Decline Line Says No.

Has the Stimulus Worked?  Advance Decline Line Says No.

The November 2010 election is right around the corner. As the Democrats praise the federal stimulus and Barack Obama as the savior of the American capitalist system, Republicans who also…

How Europe and The U.S. Are Trying To Prevent A Global Currency Crisis

How Europe and The U.S. Are Trying To Prevent A Global Currency Crisis

Economic sentiment rose to a 28 month high in Europe after the panic sell off earlier this year when the Euro collapsed.  A major rally has ensued after the most…