Be Careful Chasing Gold and Silver, Overbought Condition Could Lead to Correction

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!At the end of July I published a series of articles calling an important buypoint in precious metals.  To see my archived article from that point click here http://goldstocktrades.com/blog/2010/07/21/trading-method-signals-buy-gold/. In these articles I mentioned a target of $21 by the…
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Homebuilders Reaching Key Resistance At 200 Day Moving Average

The Federal Reserve declared war on deflation Tuesday, stating that they will provide additional accommodations should any deflationary signs occur. I wrote several weeks ago that Washington will provide the relief necessary to rescue markets before the November election. Please click here to see article. President Obama is in the process of changing his entire…
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Investors Rush Into Gold and Silver as U.S. Treasuries Show Signs Of Weakness

Since the emergence of the European Debt crisis in April 2010, treasuries have been in a strong uptrend as investors have been seeking protection from risky assets.April to August 2010 was a deflationary period, similar to the fourth quarter of 2008 when treasuries soared higher before the massive government stimulus.  Stocks have been in a…
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Dollar Slices Through 200 Day Moving Average After Bank Of Japan Announcement

Gold broke out of a classic cup and handle pattern yesterday right before the Bank of Japan announcement.  The Yen has significantly strengthened since June as this is extremely difficult for the Japanese export companies.  The economy in Japan is weakening and they are facing their own sovereign debt issues which have not yet surfaced. …
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Trending or Trading: When To Use Momentum Indicators

Price volume action is showing weakness on this rally and there is a good chance we could see a third failure at the 200 day.  Many times, before bear markets ensue you can encounter three or four failed rallies above the 200 day before the primary bullish trend is reversed. Markets take time to transition…
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Silver Making Triple Top Breakout

Point and figure charts are one of the oldest and purest charting methods in the field of technical analysis.  Point and figure charts are not commonly studied and practiced by technicians today as in the past.  However, I use it as a simple indicator of areas of supply and demand and to indicate new trends. …
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