If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!In a recent article, I wrote about important trend changes in the dollar and gold. An important inverse inter-market relationship is continuing between the US dollar and gold. They have both broken trendlines simultaneously and are threatening a counter trend move.…
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Spotting Trend Change In Gold? Recent Video Interview With Thestreet.com
I discussed the bearish technical signals which has led me to be cautious on the precious metals market.
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Higher Interest Rates Forecast Market Correction
Every precious metals investor should be concerned about China, one of the world's fastest growing economies, raising its rates and rising yields. Changes in the rates affect stock prices. China is leading the world and we can see the fears are profound as sell-offs this week were much stronger than any of the relief rallies. If…
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Negative Divergences On The Dollar Forecasted Trend Change
Last week I warned that the US dollar was reaching three-year lows and to expect a dollar bounce. The dollar has bounced higher as risk aversion has returned with Ireland on the verge of needing a bailout and China raising interest rates to combat rising inflation. There are growing concerns of the Fed needing to…
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Play Defense With Gold Prices – TheStreet.com
I was just interviewed by Alix Steel from TheStreet.com - watch the video below:
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Major Reversal Day On Gold and Silver, Could Be A Climax Top
After trading through both bull and bear markets and witnessing hysteria and panic, I've learned that whatever method you use to buy stocks, you must have a discipline to sell. When I buy, I look for support levels and oversold conditions so that a reversal could bring about a major gain and the downside risk…
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QE2 News Overshadowing Default Risk In Europe
Ben Bernanke has officially announced quantitative easing and the markets are reacting with rising prices among all asset classes. QE2 is practically an economic tool to artificially raise asset prices to prevent deflationary forces. When asset prices decline due to a lack of demand you have deflation. Quantitative easing essentially is a preventive approach for…
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Buying U.S. Junior Gold Miners During A Dollar Debasing
There have been some exciting mergers and acquisitions (M&As) within the junior mining sector over the past few months. As gold and silver settle from the previous move, many projects will be re-rated and acquired by majors that are struggling with decreasing resources. I believe the industry is undergoing consolidation and we're seeing the beginning…
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General Moly (GMO) and Thompson Creek (TC) Breakout On Supply Concerns
On September 27, I wrote an article mentioning that uranium and molybdenum miners were poised for a breakout. See Finally Time for Caution in Precious Metals. Since that article the molybdenum and uranium miners have made huge gains because of supply concerns globally. While investors are concerned about a global currency devaluation, a global race is…
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Dollar Bounces Higher On Fear of Fed’s Next Move
On October 7, my technical indicators were signaling a major reversal about to occur in gold and silver. Seeing that one-day outside bar reversal in gold and silver on huge volume right before the jobs report raised huge red flags. It indicated to me that some of the smart money was hedging their long gold…
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