If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
New Gold (NGD) Showing Great Relative Strength To Gold
After following and investing in the gold mining sector since 2000 I have tried to identify the major leaders in each run and greatest candidates for my capital. I am looking at great relative strength to the price of gold. This indicator shows me that this miner has great leverage to the price and even…
Read more
Transportation Average Falls Below 200 Day Moving Average, Confirms Bear Trend
On May 28th I wrote to subscribers to monitor the Dow Jones Transportation Average for failure at the 50 day or a break below the 200 day moving average. If any of these two signals occur then this will confirm we are changing trends and will be followed by a bear market where we could…
Read more
U.S. Gold Leading Junior Miners, Drilling New Areas
U.S. Gold (UXG) is one mining company where the CEO puts his money where his mouth is. Rob Mcewen believes UXG will be on the SP500 and his aggressive drilling in Mexico is proving to the investment community that he has a major mine there. Rob owns 21% of the shares much more than any…
Read more