momentarily we will probably see a sideways (bearish flag) correction.
I'm thinking that as fast DXY breaks short again, we will see another drop to lower level support around 88,5
just my idea, trade your own plan
Gold continues to slide.
The slide started when Gold failed to close above 1300$ and the bearish momentum accelarated when Gold broke below its uptrend line and the daily MA lines (failed support).
In this week's newsletter I covered Gold and mentioned that although it is weak right now, it is approaching a weekly support zone that you should monitor.
I have been tracking Gold and the DXY for a couple of weeks and they have been valuable comparsions in my trading for obvious reasons. I decided to check out Silver last week which I have never traded before but Silver and Gold move very similar and with the DXY playing a big role in both of these commodities it made sense to check it out and see what's going on...
McEwen Mining- $MUX Tremendous growth prospects ahead -
The first thing I look for when investing in a company is its management and its potential both in the short term and longer horizions.
$MUX has a key advantage to other Junior miners becuase its led by Rob Mcewen the X (ceo) of Gold Corp. Rob has a wealth of industy experience and unlike most CEO's his...
The Stockmarket relation to VIX is inverse and strong. Biggest Stock market crash ever is coming in a not so distant future as you can see. Politics, world economy plays into this as well ofc but just based on this indicator alone u probably want to get out of the markets now. Insiders have been selling huge amounts the entire year.
Here is the Eurodollar on the one week chart. It is overbought on stochastic and RSI. On the daily chart, Stoch and RSI seem to be showing some room for the possibility of a continued uptrend, but I do not believe that it is sustainable for very long. The pair is retesting major resistance that it has recently broken, and I do not expect it to break far beyond...