Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The Vulcan Report (46) - The Collapse of Gold and Silver

|Includes: SPDR Gold Trust ETF (GLD), SLV

06-07-10 10:26 AM



The Vulcan Report (46) - The Collapse of Gold and Silver - (pt 1)

http://www.youtube.com/watch?v=nQOARceFRjs






The Vulcan Report (46) - The Collapse of Gold and Silver - (pt 2)

http://www.youtube.com/watch?v=FL9ODFUT4lE



THE VULCAN REPORT
Review of XAU/USD - COMEX GOLD SPOT (XAU USD)
as of Friday, June 04, 2010




CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 6 white "UP" candles and 4 black "DOWN" candles for a net of 2 white (UP) candles.

During the past 50 bars, there have been 23 white "UP" candles and 25 black "DOWN" candles for a net of 2 black (DOWN) candles.





PulseScan Swing Vix Swing Index

PulseScan: 15.38
Swing Vix: 13.87

Currently The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed above the Swing Vix 6 period(s) ago.
The last signal was a +SWING VIX Buy 6 period(s) Ago.



PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :

,2nd-PulseWave LONG /,,Possible 1st PulseWave LONG Consolidation Break-Out /,,2nd IntraDay BreakOut LONG/,


SWING TRADE ENTRIES
2nd PulseWave LONG 122,860
1st PulseWave LONG 121,986

DAY TRADE ENTRIES
2nd IntraDay BreakOut LONG 122,070
1st IntraDay BreakOut LONG 121,443

PROFIT TARGETS
1st IntraDay Profit Target 121,956
2nd IntraDay Profit Target 123,097

STOP LOSS
Stop Loss/Stop & Reverse 120,606

Watch for possible breakout shorts - 2nd PulseWave - from 116,637


Swing Vix SHORT ENTRY :

,,,,,,





The Trend Channel is UP! (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher prices within the next 3-5 days
,
The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. The last signal was a Over-Bought Sell 26 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
Since the Swing Vix crossed its moving average, XAU/USD - COMEX GOLD SPOT's price has decreased 0.31%, and has ranged from a high of 122,860 to a low of 119,675.


MARKET TREND

Currently the TREND is Bullish-Retracement- Up.
The current market condition for XAU/USD - COMEX GOLD SPOT is:

Very Bullish\

The close is currently Above it's 264 Long Term period moving average. 107,699
The close is currently Above it's 40 Intermediate Term period moving average. 117,811
The close is currently Below it's 10 Short Term period moving average. 120,531


Volatility

On 6/4/2010, XAU/USD - COMEX GOLD SPOT closed above the lower band by 41.7%.



This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.



============================


THE VULCAN REPORT
Review of XAG/USD - COMEX SILVER SPOT (SL-XAU USD)
as of Friday, June 04, 2010




CHART PATTERNS

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

During the past 10 bars, there have been 4 white "UP" candles and 6 black "DOWN" candles for a net of 2 black (DOWN) candles.

During the past 50 bars, there have been 19 white "UP" candles and 27 black "DOWN" candles for a net of 8 black (DOWN) candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.




PulseScan Swing Vix Swing Index

PulseScan: -9.60
Swing Vix: -8.55

Currently The Market Pulse is negative since it is trading below its signal line.The PulseScan crossed below the Swing Vix 0 period(s) ago.
The last signal was a -SWING VIX Sell 0 period(s) Ago.



PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :

,,,Possible 1st PulseWave LONG Consolidation Break-Out /,,,


SWING TRADE ENTRIES
2nd PulseWave LONG 1,868
1st PulseWave LONG 1,844

DAY TRADE ENTRIES
2nd IntraDay BreakOut LONG 1,805
1st IntraDay BreakOut LONG 1,784

PROFIT TARGETS
1st IntraDay Profit Target 1,801
2nd IntraDay Profit Target 1,838

STOP LOSS
Stop Loss/Stop & Reverse 1,757

Watch for possible breakout shorts - 2nd PulseWave - from 1,740


Swing Vix SHORT ENTRY :

,,,,,,





The Trend Channel is DOWN! (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days
,
The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. The last signal was a Over-Bought Sell 43 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
Since the Swing Vix crossed its moving average, XAG/USD - COMEX SILVER SPOT's price has been unchanged, and has ranged from a high of 1,801 to a low of 1,727.


MARKET TREND

Currently the TREND is Bullish-Retracement- Up.
The current market condition for XAG/USD - COMEX SILVER SPOT is:

Mildly Bullish\

The close is currently Above it's 264 Long Term period moving average. 1,611
The close is currently Below it's 40 Intermediate Term period moving average. 1,805
The close is currently Below it's 10 Short Term period moving average. 1,827


Volatility

On 6/4/2010, XAG/USD - COMEX SILVER SPOT closed above the lower band by 14.9%.



This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.

Attachment: 6-6-2010 10-49-18 pm - xauusd chart.png
This has been downloaded 2 time(s).