Well, it’s just a day. But after the big bounce back in stocks one set of indicators is not confirming the big upward burst. I took a look at PALL/Gold expecting to see the typical big bounce back that would in oh so predictable fashion begin to question the market’s bearish potentials. But instead… PALL/Gold was down again and resides below the short-term resistance of … Continue reading NFTRH; Metallic Indicators Not Convinced
As the VIX flies up, down and all around (bullish or bearish the one thing we have been planning on is increased and extreme volatility) I am happy enough to just be Even Steven. Well, I am actually still heavily bull biased when factoring precious metals positions but you get the point. I have some shorts, I have some regular ‘bull’ longs and I have … Continue reading Even Steven Always Evens Out!
Yes, it is Keith Weiner again, slightly blowing my mind with the way he looks into central banking, debt, the US dollar and gold and silver. Reading a gold analyst like this makes me chuckle about 90% of the “gold analyst” community. I mean, I am no expert either but at least I am the guy parroting “value vs. price” when it comes to gold. … Continue reading “Slaves to Government Paper” & Gold and Silver Supply/Demand Funda
Who is surprised that the stock market is bouncing at or around its various 200 day moving averages? I didn’t think so. This test will play heavily into the near future. The classic interpretation is that a healthy test (and re-test) of the rising SMA 200 is in process. If the test is successful, SPX need not and probably will not test the 200 again. … Continue reading And So, the SMA 200 Test is On