If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!Moving averages are used by many traders to identify trends as they smooth out price action and act as key support on the way up, and resistance on the way down. In fact, it is one of the most widely…
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Shorting Stocks Explained: 50 Day Crossing 200 Day Moving Average Signals Major Market Drop
These past few days as the market indices broke through the head and shoulders neckline, I have had a barrage of emails asking if it was too late to buy inverse etf's after my original short sell recommendation on June 21st 2010 . My response to many readers is that if it is apparent to…
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Taseko's Prosperity Project, Future of Mining in British Columbia in Jeopardy
Late Friday, the Federal Review Panel came out with a recommendation that will be forwarded to the Prime Minister and his cabinet assessing the environmental impact of the mine. The Federal Review Panel did not weigh in the economic affects of this project. They made environmental recommendations for Taseko to take if the mine is…
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Deflationary Crisis Part 2, Will This Time Be Different For Gold and Silver?
Stocks went down sharply today on concerns over consumer confidence and indications that show that the economy is stalling in China. China has been a leading market in this recovery and its bull market has helped the price of industrial metals and base metals. Over the past few weeks I have highlighted that the market…
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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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