If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!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…
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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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Market Makes Move Above 200 Day on Higher Volume
Today the major indices made an important move to regain the 200 day moving average and clear resistance on higher volume. After making 2 previous attempts to cross the 200 day the markets are appearing to have made a successful double bottom. The double bottom pattern would be more confirmed if the volume on today's…
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Three Failed Attempts to Regain 200 Day Moving Average, Buyers Beware!
In baseball if you swing and miss three times then you are out. On a chart if you see three failed attempts to break resistance...get out or short. Each time the SP5oo tries to regain the 200 day moving average it fails and it is immediately hit with selling. Sellers are in control and the…
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Is Gold In A Bubble? No Way! Classic Cup and Handle Pattern
On the front page of all the media outlets is the question if gold is in a bubble. I ride bubbles and look for beginning signs of bubbles. Bubbles are irrational, but there is an old saying that markets are irrational a lot longer than one can stay solvent. I believe gold is nowhere near…
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Buy U.S. Gold (UXG) Price Moving Higher After Cup and Handle Breakout
The cup and handle breakout is a classic pattern which stock market traders search for constantly. A cup and handle pattern means that the stock has made a consolidation where many of the weaker holders sell their shares. Then as the stock breaks into new highs a handle is formed. It is formed because many…
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