ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
(This is an excerpt from an article I originally published on Seeking Alpha on September 16, 2012. Click here to read the entire piece.) For those who have paid attention to the words of Federal Reserve Chairman Ben Bernanke, it is no surprise that money-printing continues to be the response to persistently poor economic performance. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 3, 2012. Click here to read the entire piece.) “…the private sector’s revised outlook for the policy rate also appears to reflect a growing appreciation of how forceful the FOMC intends to be in supporting a sustainable recovery.” (Ben Bernanke … Read more
While writing about the attractive price of Pan American Silver (PAAS) and the seemingly imminent breakoout for silver (SLV), I neglected to note that SPDR Gold Shares (GLD) has already broken out from its extended downtrend. This move is of course inspired by Ben Bernanke’s Jackson Hole speech. At the same time the market anticipates … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 26, 2012. Click here to read the entire piece.) I did not think it would happen, but the dollar index finally closed above its “QE2 reference price.” {snip} I have contended that if the dollar index reached current levels, the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. Click here to read the entire piece.) Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%. I believe this drop all but confirms staunch … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 21, 2012. Click here to read the entire piece.) Gold and silver have languished since reaching their last peaks in 2011. {snip} Last week, gold and silver reawakened and made sharp reversals. {snip} Note that the dollar’s resurgence since hitting … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 4, 2012. Click here to read the entire piece.) Right after I last updated the gold enthusiasm index last July, gold went near parabolic and peaked in about two months. In that post, I wrote that enthusiasm for gold continued … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 1, 2012. Click here to read the entire piece.) On Wednesday, February 29, gold plunged 5.0% and silver plunged 5.7% presumably because traders had incorrectly bet that Ben Bernanke would use the occasion of his semi-annual Congressional testimony to either … Read more
It took almost a month, but silver has finally joined gold in its post-Fed breakout. The chart below shows that silver has broken above stiff resistance at the 50-day moving average (DMA). This resistance has kept silver under a lid for five months. Source: StockCharts.com With the Federal Reserve promising to keep rates low through … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 26, 2012. Click here to read the entire piece.) In its latest monetary policy proclamation, the Federal Reserve announced that it will likely extend the window for near-zero interest rates until at least late 2014. There was no hint of … Read more