Yea, we will know by Friday. Many stocks have been trending down since mid January with major indexes at elevated levels. Take a look at TCK. Major indexes are always the last to get hit. Always a market of stocks. Only one-eyed analysts are focused exclusively on indexes. 2-eyed analysts also look under the hood: individual stocks and etfs. Market is not a monolith. After a 20 point rise, SPY needs a bit of pause. Bears with high hopes of a big pull back could be disappointed again.
India's Love For Gold Can't Be Curbed With Tariff Hikes [View article]
I would not worry about these considerations regarding India. GLD entering the trending zone, also GDX, senior pm stocks waking up. SLV getting a bid too. Time to put down the thinking hat, and put on the action hat?
Gold Investors: Some Good Reasons For Also Holding Silver, Platinum And Palladium [View article]
GDX entering upside trending zone. DUST entering downside trending zone. Senior pms GOLD, RGLD, NEM waking up. This should start putting some zing into GDX and NUGT. SLV, nice white candle on the weekly with bottoming tail. GLD, 2nd week up after a doji with 2 white candles. GLD entering upside trending zone.
Only A Couple Months To The Summer Doldrums: Pencil In These 3 Gold Miners [View article]
Why pink stuff when better choice is available? Without fundamental fuddle duddle, based on technicals alone, I find the following attractive: auy, kgc, gss. Pull out the weekly charts on the rest of the gdx components, see which ones are refusing to make new lows and perking up ahead of the pack. Do your own due diligence, it is not exactly rocket science. Alternatively, one could go with gdx, gdxj or sil. For Canadians, we have: hgu.to, hbu.to, hzu.to, and bmo junior gold etf: zjg.to.
Gold: The Bottom Is In And We're Going Much Higher From Here [View article]
Gold moving up, 2nd week running. Encouraging weekly stochastic crossovers. Not yet in weekly macd. slv still flat lining. gdx still struggling, gdxj doing better. Sil imitating slv. Likely, over time, gld will pull up the rest of the bunch. Not interested in analyzing/ rationalizing, why gld is moving. I have no issue with gld moving up. I would encourage it to move as much as it wants. gld will be in base-building stage until it moves above 162, when it will be entering the trending phase. Insightful article with a very apt title.
May be. In case you haven't noticed aapl just entered trending zone. This has potential to screw up calls being made for correction since mid January. Yeah, it always pays to be cautious, However, the market is not a monolith, it is always a market of stocks. Is the market's current behavior its way of keeping the myriad timers on SA humble? I have not seen any damaging candles on the weekly yet.
Gold To Gain On Lost Trust In European Banks [View article]
Not interested in headlines and analysis. Gold wants to go up. That is all that matters. It seems to me we are in a base building phase. It could be a nice launching pad for the acceleration phase when it decides to begin.
Precious Metals And Miners Should Soar As Investors Seek Out Alternative Currencies [View article]
"Soar?". Let us be realistic. Right now, we are in base building phase after a mighty spanking. au/ag complex is not going anywhere in a hurry until the base building phase is complete. Hot money will not pour in until acceleration phase begins, which is still some time away. It is not a bad idea for early birds to take their places in the au/ag complex. Eventually, the soaring phase will come. We are not there just yet.
May be. Best to wait for a crack in spx on the weekly. Major indexes do not just roll over. Everyone already knows we are overdue for a correction. It will come eventually. No worry here. Already have plans to deal with it.
Daily State Of The Markets: Will Cyprus Be The Trigger? (And Ways To Play The Coming Correction) [View article]
"Coming correction?". At some point, there will be a correction. No question about it. Pundits have been calling for correction since mid January citing weakness in China, emerging markets, etc. and weakness in breadth indicators of US markets. All these calls did not pan out so far. Let us wait for a crack in absolute price on a weekly basis before pronouncing pullback. I have not seen any damage yet on the weekly chart of SPX. Moreover, aapl is just perking up. It might screw up pull back calls for a while. Market is not a monolith. It is always a market of stocks, has always been, will always be.
Mila Kunis, Euphoria And The Stock Market [View article]
Nice graphs and posters. You forgot to include aapl chart. I would not be surprised if aapl tries to screw up premature bears' plans. Yeah, i know momo is not keeping up with dow/spx since mid January. While pundits have been preoccupied with major indexes and the continuing fuddle duddle in Europe, smart money has been able to pick up 40%+ profit in 3 weeks in natgas complex. The market is not a monolith. It is always a market of stocks, has always been and will always be. Let us wait for a crack in absolute price in major indexes before getting funky and pronouncing pullback instead of reading some tea leaves like media headlines and cover page photos on magazines. These look great in hind sight.
Markets Rallying Higher Or Triple Top? Evidence Pro And Con [View article]
Why guess? Next week's close could be an eye opener. Tomorrow is not on the chart. Will not be surprised if absolute price ultimately decides to join declining breadth indicators, starting any time. Very thoughtful article including concurrent price activity.
A Turbulent Week Ahead For Wall Street [View article]
Could be. Will not be surprised to see absolute price of dow, spx playing catch up with declining breadth indicators. Next Friday's close would be telling.
Bulls Run From The Highs [View article]
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Gold Investors: Some Good Reasons For Also Holding Silver, Platinum And Palladium [View article]
Only A Couple Months To The Summer Doldrums: Pencil In These 3 Gold Miners [View article]
Gold: The Bottom Is In And We're Going Much Higher From Here [View article]
The Time For Caution Is Upon Us [View article]
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Gold To Gain On Lost Trust In European Banks [View article]
Precious Metals And Miners Should Soar As Investors Seek Out Alternative Currencies [View article]
Get Ready For A Correction [View article]
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Mila Kunis, Euphoria And The Stock Market [View article]
Precious Metals: Retrenchment Is A 'Sale' [View article]
Markets Rallying Higher Or Triple Top? Evidence Pro And Con [View article]
A Turbulent Week Ahead For Wall Street [View article]