Minutes before I was ready to go on the air with my radio program I received a call from my long-time good friend Ian Gordon, who predicted the market would peak on Friday, Nov. 13. In addition to his usual work, Ian was basing his views on the core of work carried out by W.D. Gann, a brilliant market forecaster in the past who is known for his analysis of cycles and trading patterns in equities as well as commodities. It remains to be seen if this Friday, Nov. 13, was the top of the B... Read Full Story

Be careful what you wish for. For all the leveraged fund critics that either do not like or do not understand daily (or monthly) reset of leverage and want a vehicle without path-dependent performance, your wish has come true. However, unless you bought them yesterday, you will not be getting the exact 2x or 3x index exposure you desire. You can’t have everything. Five new ETNs (exchange-traded notes), dubbed ETN+, from Barclays began trading yesterday (11/18/2009). When Barcla... Read Full Story

November 21, 2009 Dollar Index Posts Weekly Reversal Bottom After reaching a 15-month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3-week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up. The low for the week for the Dollar was posted shortly after … Read More … Read Full Story

Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at 312-896-3986. Click on the link below to view today’s charts and hear Jay’s analysis. http://www.screencast.com/t/ZjQ3OGQ0Z www.brewerfx.com forexblog@brewerfx.com … Read More … Read Full Story

From an HRA SD Alert to former Gold Mining Stock Report subscribers by David Coffin We believe there is room for more gold price gain, near term.   A “true” gold market in which the yellow metal is being treated as an asset class in its own right is building around the uncertainties in other markets.  That is different from recent warehousing cycles when gold moved most strongly during the final up stage of a resource/economic cycle.  This time arou... Read Full Story

Ford Motor (NYSE: F) said it will invest 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest capital committment it has made in the country. The five-year plan includes boosting the capacity of the Camacari factory that makes the Fiesta small car and modernizing the Troller plant that builds utility vehicles. The Dearborn, Michigan based company also will invest in new models for Brazil. The auto industry in Brazil, South America’s largest economy... Read Full Story

We live in a world that is totally insane. We have one US government agency buying worthless paper from another US government agency and the public nods their heads in agreement just as if it makes perfect sense. It doesn’t make any sense at all; it’s like taking water from one end of a swimming pool and carrying it down to the other end and believing you are making a difference. – Bob Moriarty, Gold is Getting Frothy With gold busting through $1100... Read Full Story

G10 Advancers and Decliners vs USD JPY 0.05 EUR -0.44 CHF -0.53 GBP -0.86 There have been very few newsworthy events in today’s session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with both European and US indices in negative territory, the USD has been able to make gains across the board. The hardest hit has been GBP which has tumbled over̷... Read Full Story

Today, Nigeria renewed three shallow water oil licences jointly operated with ExxonMobil (NYSE: XOM), granting the U.S. energy firm leases of a further 20 years with the option to renew again. "Today we have reached an agreement on the terms of new leases that will go on for a further 20 years with an option to renew," Minister of State for Petroleum Odein Ajumogobia told reporters in the capital Abuja. Western oil firms including Exxon, Royal Dutch Shell and Chevron (NYSE: CVX) operat... Read Full Story

Amid the flurry of new ETFs coming to market this week, it appears I missed the launch of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) on Tuesday (11/17/09). This ETF focuses on stocks in the electric energy infrastructure and distribution grid subsector. The fund will typically invest in companies engaged in electric grid, metering equipment and devices, networks, energy storage and management, and enabling software used within the smart grid infrastructure. ... Read Full Story