ISM Breakdown

I guess the post’s title could be taken a couple of different ways. But let’s play it straight and break down the report from my former sector of the economy. Respondents are not in a cheerful mood as we enter what I think is going to be a pivotal Q4. From ISM… So let’s take a glance at the numbers. The key pain points are … Continue reading ISM Breakdown

Gold Can Do This Correction Standing on its Head (and Shoulders)

The daily futures (click charts for full, clearer view) show a pullback from resistance and a minor (don’t let the hype freaks sure to come out of hiding fool you with predictions of terror and doom) H&S. Gold has lost the SMA 50 but both it and the SMA 200 are trending up. It’s fine. The pattern measures to the next support area at 1425-1435. … Continue reading Gold Can Do This Correction Standing on its Head (and Shoulders)