. Thar she blows is right! . GOLD – We have been expecting this kind of ‘recognition day ‘ for a while, so Let’s discuss this BURST higher in Gold and Miners… GOLD climbed $28 on Thursday, and it was pretty much steady and straight up.
(Below is a snippet of Alex’s work from the last week and the major US Indexes) We all saw the major decline in the US Indexes and equities on October 10th. Were you prepared or caught off guard? From Thursday October 4th: NASDAQ – Each morning I wake up and Futures are a lot higher, […]
I have been mentioning that the markets were due for a drop into an ICL, and I used this chart to show the potential downside – . NASDAQ AUGUST – I thought that we might run to the top and then drop into an ICL just like the drops we saw in the beginning […]
We really didn’t see a lot of changes take place that were not expected on Tuesday. As the markets pull back, things do get choppy and sloppy. At this point, let’s do a market review and then discuss a few possible trade ideas… .
Below is a snippet of Alex’s work from the past few days and his coverage of Gold. (From Saturday) 2 BULLISH SIGNS IN GOLD LAST WEEK . 1. The USD was higher, GOLD, SILVER & MINERS were not phased by it. 2. Remember that last week was known as the Chinese Golden Week, a […]
. What was surprising about Monday? It was this- Gold dropped over $17 and the Miners fought their way back to green… GDX:GLD – I discussed the bullishness when Miners lead Gold, so this is how Golds drop & Miners POP affected the GDX:GLD ratio. Bullish.
SPX WEEKLY #1 – I have been expecting a dip into a DCL, and likely an ICL. Last week saw the SPX drop how deep will it be? Please read chart #1… And now Chart #2
It is Friday, the last trading day of the week, so let’s just do a quick review… . SPX – Yesterday using this chart , I pointed out that the SPX was running up along the top of the B.B. with divergence and due for a daily cycle low. The Markets dropped yesterday. QQQ – […]
After a quick review of the markets, we’ll look at some of the stock picks in recent reports and a few new thoughts…
. Maybe he is Long Gold too 🙂 . GOLD – This was a nice break higher and this took place with the USD moving higher an also on the infamous ‘ Chinese Golden Week’. It was a nice on day pop and I’d like to see some follow through this week. GDX […]
