Stock Market Update | Risk Is Being Put Back On

Yesterday’s key rally on stocks saw some major gains in the financial markets with Goldman Sachs and JP Morgan (as was predicted on my facebook page) with their share prices rising by over 8%.  At the moment on the S&Ps (ES) we are over-extended and I see the temporary upside as being limited, although a [...]

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Gold And Silver Update | Silver And Gold Must Break Through Wall Of Resistance

Gold and Silver tested our patience with their month long consolidation during which all volatility had dried up.  They finally broke through the top bracket of their sideways channel (see above video).

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Trading Psychology | Do You Want To Be Right Or Do You Want To Make Money?

There seems to be an unspoken assumption that professional traders have to be “right” when they make a call on a stock or a market.  This assumption, in my view, is made by the majority of the public and by novice traders. One of the best lessons I learnt in my trading career is

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Stock Market Update | Will Bears Experience More Pain?

Friday’s breakout of the consolidation on the S&P 500 (futures) may have delighted the “bulls” in this market. However, even with the unconvincing volume behind this move (see chart 1), I remain sceptical.

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Recession | Which Stage Of The Economic Cycle Are We In?

Most people assume that there are only two stages in the economic cycles: “Boom” and “Bust” – referred to as “expansion” and “contraction” by economists. This two-stage assumption is refuted by some economists who argue that we actually go through five stages: Early Expansion Middle Expansion Late Expansion Early Contraction Late Contraction

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Best Trading Books | 5 Books That Will Transform Your Trading

I often get asked which books I would recommend for trading. If I had to make a list, I would not have to think hard as to which ones would be at the top of my list. The books listed below are what I consider to be some of the books that really helped me [...]

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Wall Street Protests | Why The Financial “Experts” Should Be Worried

A month ago, I made a prediction: that in less than 12 months, there would be riots and protests in every major city in Europe, in America and all over the globe. The protests that started as “Occupy Wall Street” are not just about Wall Street. It is about

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Market Update | A Victory For The Bulls?

The last seven days has seen the stock market rallying hard.  You’d hardly guess there is a financial crisis going on. So has this been a victory for the bulls?  Should the bears get ready to pack their bags or should they sharpen their claws?  I believe the market could still have more surprises up [...]

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Global Recession | What If There Is No Solution?

One of the biggest problems with modern society is that most people think that if they ever got into financial problems, the government will be there to rescue them. That is the issue: this dependence on our government to “sort things out” for us. For example, if you live in the UK, your savings are [...]

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Recession | How To Make Money In A Recession: UltraShort ProShares ETFs

If you are worried about a recession and how that will affect you and your investments, then one option would be to take long positions with the ProShares ETFs.  Personally, I still like selling short on stocks and stock index futures, but I know that many people do not. So here is a great article [...]

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