If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!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…
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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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British Columbia A Mining Friendly Jurisdiction
Check out my recent exclusive with The Gold Report.
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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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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 while silver is close to breaking $19. A break above these levels on high volume could be the beginning of a major move higher. Gold…
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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 may continue for some time will force producers whom are sitting on large cash positions to acquire more reserves. Mergers and acquisitions in the mining…
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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 levels as it is historically cheap relative to gold. If the ratio came down to the levels it was in 2006 it would be close…
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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 enthusiasm of the uptrend existed. Some said that it was the 2008 de-leveraging of hedge funds that caused the decreased participation. I was never convinced…
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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 confirmed last week with a high volume breakdown after the Federal Reserve gave a sour report on the state of the economy. Trading became highly…
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