Should silver price in retail demand or economic sentiment?
Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done seven times since 2013, or will demand spark higher...
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy .
Gold was pushed lower on the assumption that central banking policy would all pan...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS.
India has felt its share of...
Goldie won't be out done by crude. She is trying to bust a move. We triggered long tonight and will keep a tight stop just in case Goldie starts getting frisky. If we stop out then we will wait for a clean break and then buy the pullbacks and pauses.
main trend is on the downside
shown with pitchforks
possible bullish ALT AB=CD
possible price objective is 1032.35$ on completion
on old support 2008-2010
Looking at past price action, we can detect a clear correlation, and sometimes leading movements of the gold futures versus the AUDUSD pair.
In this case, there's a clear divergence between the price trends in the short term.
I'm waiting for a breakout of the sideways movement down in the following days. Should make for a decent short setup once confirmed.
After being stopped out on the long side we are back in the wedge. The fake breakout could reverse hard and squeeze the gold bugs so we will short any bounce. The failed pattern is a great pattern and one of our favorites. We also have a MONTHLY signal that fired short so we will press the short side of Goldie. Remember...NO TRIGGER, NO TRADE!
We were stopped out of our Gold position and are on the side lines. We mentioned that we had a larger time frame signal setting up and the long side was fighting that signal. We are now back in the wedge which could mean a fake break out and lower gold prices. Keep this on your watch list.
We are still holding onto to Goldie. She is acting well. First targets were hit and stops pulled up. She may consolidate for a couple of days before reaching for higher levels. We will honor these stops...if we get taken out then no harm done. Stay tuned.
OK...price has popped pre-market and we are pulling stops a bit tighter. We are now at entry minus 10 ticks. We have a very low risk for the incredible reward. If we take out the most recent highs at 1140.70 then we should get our first target. Stay tuned.
Bitcoin has long been a favorite for those looking for an alternative to centralized fiat money. Although I always thought bitcoin was promising, the technological aspect always held safety and liquidity concerns. Due to the fact that it is hard to prove peer-to-peer transactions, financial institutions - especially in the U.S. - have strict policies and layers of...
Following the FOMC minutes on Wednesday, gold has seen a massive two day move that brought the precious metal to five-week highs. Worries mount as market participants are beginning to realize that the Federal Reserve is stuck within a liquidity trap.
The minutes statement indicated that the Fed saw risks to near-term inflation (as the five-year breakeven rate hit...
After a major dump...Goldie is consolidating well below it's break. This is Bearish and provides opportunity. 1040 is Major S/R. Gold bugs are crying foul. Remember...you can't buy milk with a gold coin.
A lot has happened since I published my "Gold is in a monthly downtrend chart, but nothing has changed.
The downtrend is still viable, and we've recently had a very strong range expansion down bar into new lows.
The targets are good for both time and price levels.
I'll look to trade the retracement that will probably occur now as a short term long, to then close...
Gold trades near 5 years low hitting the low of $1073 in the early hours of day. The Bullish Three Drives suggest buying at the current levels with the stop loss of $1060 for the target of $1250.
Go long on "optimism"
Traders are more “optimistic” in that everything will work out – from rate hikes to Greece – and risk continues to bid higher on the news, or no news as it were.
Greece is said to be saved after Prime Minister Alexis Tsipras gave into the troika and EU on a bailout extension. The game theorists got.. played?
However, the International...
Gold is hated but most because it is the antithesis of greed, which has been feed for years by central banks around the world.
I'll be frank, I was rather bearish on the shiny metal an forecasted $1,035 per toz. in 2013. However, as the charade of lackluster growth and quasi-monetary policy continued, gold's fundamentals are bullish.
It is too simplistic to...
