We flattened our growth Mutual Fund THCGX. This is ok to flatten for 90 days . After 90 days we will be penalized a load fee to re-enter the funds into a Thornberg Position.
The Gold miners spiked up with the Gold contract, but again followed the indexes down in today's sell off. I have not seen this level of divergence from gold by the miners in the 3 years I have been following them. What this tells me is that people are flattening all equity positions in droves and the bears have come out to raid the picnic.
One or two more days...
The MA crossovers are indicating a short position in the Russell 2000. Definitely not long unless the new trend line is broken. I have given the price action quite a bit of sideways latitude before it would break the trend line.
If the downward trend continues, the upper bollinger band will actually turn up, indicating an unpredictable market. Also the...
This trades leveraged vix futures. Do not touch this until you have studied the price action against SPY. Even better is to have a live ES chart( E-mini futures).
If you have some risk capital on hand and can find $1,000 of these to short,do it and forget about it. It seems that this is designed to reverse split every quarter.
If you have some risk capital on...
I did this for my own reference.
The monthly rolls are approximate, do you own due diligence.
The weekly supply data comes out on thursdays at 9:30 EST
Trading View allows you to scroll into the future and project future events. Scottrade Elite does not.
Sierra Charts for a futures account allows you to do the same and has a very solid and easy to use...
Some Facts:
Friday was a monthly jobs numbers day with a so-so report, nothing to really give a direction
The GC and Silver contracts were up overnight
The DX and Euro contracts were washing out longs and shorts and ending up with little direction
All the indexes plummeted during the day.
Silver Wheaton ended in the red, but had some buyers after the...
Excuse the typo. The indexes are under pressure, which will delay the ending of QE, sending Gold higher. The Russel and the Nasdaq tend to be the index trend leaders and they are trending lower. This means big positions going flat and into the safe haven, so I have two good reasons to expect higher gold prices this next week.
The miners followed the GC contract...
The pre-market GC trade was one or two dollars either way. Even the pit was flat.
The GDX was flat as well, until about 15 minutes before the open, when It started dangling the hook to the downside.
Regular market opens, GC drops, GDX drops, and you go short on a high probability trade.
The market reverses to the upside and hits your stops. Your trade is...
That's the fact Jack.
The GC contract had a $5.00 bounce from 1290 to 1295 early in the Friday session sending the miners up enough to get a crossover in the moving averages on the chart.
Slow stochastics were violently pulled out of being bearishly embedded to being bullishly embedded in just two trading sessions.
Long term expectations is for less Gold...
Dear Janet,
Congratulations on your new post as Chairperson of the Fed. Thanks so much for your recent statements about monetary policy and slipping about your soon to be proposed interest rate hike.
Did you know that eight of the ten big cap gold miners have embedded stochastics, and the other two are not far behind? This event has given us folks who love to...
The GDX equity trade is a proxy for the GC futures contract with very little divergence between the two.
I recommend that you have a futures account so that you are following the GC contract absolutely live. I believe the pit opens at 8:30 EST. and closes at 2:30 EST. The GC contract trades about 22 hours a day. I do not recommend trading futures to the...
