Is Gold Ready To Rally Again?

Is Gold Ready To Rally Again?

  We have all heard the numerous reasons to buy and hold gold.  They include: Hedge against geopolitical unrest Hedge against the sliding dollar Inflation and deflation hedge Diversification …and many more The trade I am looking at and hence the...
Silver Looking More Constructive Again

Silver Looking More Constructive Again

We're playing this very carefully, but Silver did now construct a fairly solid bottom.  As of this morning it is moving up to the $35.80 mark again, which has served as resistance on a daily closing basis for the past nine trading days.  A move above...
Friday Afternoon Charting Fun: Gold

Friday Afternoon Charting Fun: Gold

A little perspective on the move in gold should go a long way.   The inverse head and shoulder pattern that developed from November to March hit it's ultimate target almost to the dime near $153 (on the GLD).     After the recent 6.5% correction the...
One Chart To Sum It All Up

One Chart To Sum It All Up

The thing to remember about today's trade is that A) the world is interconnected by the banks and derivatives and B) that many more institutions and individuals these days own multiple asset classes.   Regarding point A, this means that the mortgage default...