Gold Crash | Where To Short Gold This Week
As we mentioned last week, a temporary “bounce” or correction on the gold sell-off was expected. So far gold has managed to retrace 50% of the decline from the 9th April highs. Gold faces further resistance at 1500 (which is both a round number and the 61.8% fibonacci level). I still like to short gold [...]
Gold Outlook | Is Gold Completing A Gartley “ABC” Correction?
You will notice from the above chart that Gold completed a 5 wave trend – a down trend which started on 8th November and completed on December 29th. For traders who are not familiar with Elliott Waves, this phenomenon is explained briefly by the fact that when markets trend, they are typically formed of 5 [...]
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Stock Market News- U.S. stocks end higher, notching fourth straight weekly gain May 17, 2013
- Gold ends lower, losing $109 an ounce over past seven sessions May 17, 2013
- U.S. to reach debt limit Saturday: Treasury Secretary Lew May 17, 2013
- Leading economic index bounces back in April May 17, 2013
- UMich consumer sentiment leaps in May, topping forecasts May 17, 2013
- U.S. stocks open higher, head for 4th weekly rise May 17, 2013
- Live blog, video of the hearing over the IRS scandal May 17, 2013
- Japan stocks open lower after weak cue from Wall Street; Nikkei Average off 0.8% May 17, 2013
- Second IRS official leaving amid scandal: reports May 16, 2013
- Dell earnings slide, missing Wall Street's targets May 16, 2013
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