After the bottom of the 4-year cycle in September the stock market began what has been described, in the words of Samuel J. Kress, “the final cyclical bull market of the post-World War 2 expansionary era.” The months ahead could well be the last chance for individuals ... Read More
chanakya
02
Dec2010
In the past week I’ve seen more than a few mentions of the potential head and shoulders pattern in Gold. A head and shoulders pattern occurs when a market forms three peaks and the middle peak is noticeably higher than the left and right peaks. However, that is not enough ... Read More
December 2, 2010chanakya
19
Nov2010
GDXJ is the ETF for junior miners and in particular junior gold companies. This sector has been very strong in 2010 and has solidly outperformed its counterpart, GDX as well as Gold.
GDXJ made a key breakout in September and continued to soar into early November. The market soared above our ... Read More
November 19, 2010chanakya
27
Oct2010
Since the financial crisis in 2008, it is undeniable that precious metals have been the best performer. One would assume that market participants have been piling into Precious Metals. Certainly some money has moved into the sector, smartly anticipating the continuance of a major bull market and looming severe inflation ... Read More
October 27, 2010chanakya
21
Oct2010
The headline discussion in the financial press of late has been about the recently announced quantitative easing program that the Federal Reserve has said it will undertake in order to further stimulate the economy. Financial commentators have bled their pens dry in speculating what impact the so-called ... Read More
October 21, 2010chanakya
20
Oct2010
Days ago I was watching Peter Schiff on Yahoo Tech Ticker. Normally, I find myself in agreement with Schiff. This time, however I disagreed with his comments on the gold stocks. He was saying to buy GDX because the large-cap stocks were priced for a decline in Gold. He also ... Read More
October 20, 2010chanakya
20
Oct2010
The daily US Dollar hit a double Trend line bottom on 10/15/2010 and saw a sharp reversal higher.
We however are still in a down channel, which needs to be tested around the 38-50% retrace at 78.97-79.85.
Key resistance is at 80.08, the wave 1 Low. Important CITs are on 11/16 ... Read More
October 20, 2010chanakya