Gold and Silver Hanging by a Thread
Gold and Silver look like they could be a short sellers wet dream right now. Gold is struggling to get past resistance at the daily 21 Moving Average and the downward trend-line. It is also worth noting the action on the US Dollar index which is looking increasingly bullish right now. If the Dollar manages [...]
Silver Update | Will Silver Break Through Key Levels?
Silver faces a wall of resistance at the $35.50, a confluence of key levels: Daily Downward trend-line resistance at the $35.60 level (see above video) Daily 200 Moving average Weekly 50 Moving Average Symmetrical projection of the September-October swing The only thing helping Silver is the daily squeeze that is preparing to fire (see video) [...]
Stock Market Update | How Much Lower Will Markets Go?
On Monday I posted on my facebook page that if the S&Ps (ES) closed below 1200 we were going to see much further downward movement on the stock markets. The ES closed almost 10 points below the 1200 level on Monday, and since then the markets have slided much lower (currently at the 1152 region).
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).
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.
Market Update – Let’s Not Get Carried Away
After the rally on the markets following attempts to “rescue” the eurozone, my message is let’s not get too carried away. One thing the technical charts are telling us is that we have yet to plough through some key resistance areas before we can call this a win for the bulls. I still remain pretty [...]
Should We Still Follow The Chinese And Buy Commodities?
As my impending trip to Hong Kong looms closer, I have been rummaging through a whole bunch of videos, charts and articles on the Chinese markets. So I was pleasantly surprised to come across a video of millionaire investor, Robert Kiyosaki, preaching the wisdom of Chinese investors. In this video (which you can watch below), [...]
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My Social Profiles
Stock Market News- Japan's Nikkei Average ends 0.9% higher after wild day of heavy losses and gains May 24, 2013
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