The previous post discussed some significant breakouts in the Euro charts, and the post before that showed some major developments in the US Dollar chart. All of this was meant to be indirect bullish evidence in favour of gold and gold stocks. In this post, let's have a look at gold stocks directly. In order to understand the upcoming chart, I would urge you to read the following two articles: Ripples, Waves, and Tides How to Use Volatility to Make Trading Decisions These articles go over why... Read Full Story
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It’s amazing how the price of oil has moved over the last eighteen months. After reaching an all time high of $147 per barrel, oil prices have come down to the $42 range. How long will it stay these levels is anyone’s guess, but if OPEC has anything to say about it, it most definitely won’t be there for long.
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Yesterday the 111th Congress was sworn into office. I hope that they don’t abandon the idea of alternative energy . I’m a big supporter of getting away from the dependency of... Read Full Story
We ended the first part of this two part series with an unanswered question: Why has physical supply dried up now? The answer to that question lies in the two vehicles that have made the gold carry trade possible. This is another issue that I’ve alluded to in prior issues of B&B, but I would again like to briefly explain this notion. Gold Carry Trade The gold carry trade takes two forms. The first is enacted by the central banks of the world. Essentially the banks use the futures market to... Read Full Story
First Solar, Inc. (FSLR) is down today so it turns out waiting a day to buy was a good move. I made my purchase early this morning on WallStreetSurvivor.com. FSLR is down 4.52 (1.74%) which is almost as much as it was up yesterday. I’m watching the price and already its gone up from what I bought at! Watching the price can be a very addicting habit that I do not recommend. I’m like a moth to the light, attracted to the green glow of numbers. Must. Stop. Now.
Checking my stats on... Read Full Story
photo by FordRacing
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…and has been for some time, unfortunately we’re only starting learn about it now in the last few months. To add insult to injury to the American people, so is General Motors and Chrysler.
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The CEO’s from the three automakers along with the head of the United Auto Workers union went to Capital Hill today to get more financial aid from the government for their failing companies, even willing to go so far as to give their right arms for it.
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This not the first... Read Full Story
See the Trading K blog entry for a previous discussion.
It can be seen in the StockTradersPlace chart that the stock drifted down after the Feb 18 earnings announcement. There were StockTradersPlace signals for a buy opportunity, should an up-trend arise. However, with the overall downturn of the markets and the propensity for gold price to fade back from its $1000/ounce peak, the trend has been down.
From a candlestick technical analysis standpoint, there was an “inverted hammer... Read Full Story
You know you’re morning is off to a good start when you spill coffee all over you new white Banana Republic cardigan and you washed your car Monday and it rained Tuesday morning. These are the auspicious signs of an excellent work day.
I used to be a five star predictor at PredictWallStreet.com but thanks to some Exxon Mobile predictions, I lost a star and am only 63.64% accurate. But nonetheless, I’m still pretty proud of myself considering a majority of users are only 3 star predictors... Read Full Story
In case you hadn't noticed, there is a severe economic downturn in this country concurrent with the vast majority of stock prices continually decreasing over the past year or more. If you are unfortunate enough to own shares of banks, then the decrease in share price has been precipitous, or more like falling off the edge of the cliff. With the economy and the prices of stocks continuing to head downhill, America holds its collective breath wondering where and when it will end. The vast... Read Full Story
Today, I traded Kinross Gold (K on the TSX and KGC on the NYSE) twice for a $971 net gain after commissions. For me that was a satisfying gain obviously but more importantly, there are a number of interesting factors and considerations which are worthwhile to bring up.
K had a gap-up open at $24.50. I watched the typical flurry of trading activity take place in the first 15 minutes of trade, as the stock tried to establish where it was headed. The $24.78 high of the day was made within... Read Full Story
Forex Killer . Catchy name, but does it work? In short, YES! It is not going to make you millions overnight, but the software does offer you exactly what it claims to offer , and that is give you a trading system that consistently produces more winning trades than losing ones. If used along with proper money management techniques and integrated with existing technical and fundamental analysis of the market, it has the potential to seriously improve your overall trading results . I believe... Read Full Story
