ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
This is an excerpt from an article I originally published on Seeking Alpha on November 21, 2011. Click here to read the entire piece.) Bill Fleckenstein is my favorite investor in gold and silver (he is on the board of directors for Pan American Silver Corporation [PAAS]). In his latest post on gold, Fleckenstein broke … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 77% (17th day of … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 12, 2011. Click here to read the entire piece.) I have long argued that gold sentiment does not exhibit the euphoria one would expect in a bubble (for example, see “Enthusiasm for Gold Continues to Wane“). A recent podcast on … Read more
The gold bubble continues to “unpop.” In fact, as it turns out, the recent dip in gold was just a pullback to trend. This three-year weekly chart puts some perspective on the recent pullback. Source: stockcharts.com While gold skeptics were declaring that gold’s “bubble” had popped again, the Chinese were busy scooping up the yellow … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) The U.S. dollar was one of last week’s biggest losers during a very bullish week. As I have chronicled for several weeks now, the market’s bullish signals continue to grow. With … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Commodities across the board have suffered mightily during the stock market’s recent correction. In the first phase of the sell-off (from late July to early August), a few commodity-related stocks triggered buys by erasing all … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The U.S. dollar confirmed yet again the importance of its 200-day moving average (DMA). I updated my review of this case two weeks ago by demonstrating in detail how the dollar sustains moves both above … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) It took a whole month before the dollar finally launched into the relief rally I thought would soon follow the S&P’s downgrade of U.S. government debt. Even after the Swiss franc’s rein as a “safety” … Read more
Gold is suddenly just about the only asset that is working in financial markets. This fact will likely ignite a positive feedback loop that will send gold parabolic in a matter of time. In “India Gold Imports May Reach a Record“, Bloomberg provides some great statistics from various sources that seem to add weight to … Read more
Finally, silver re-awakens. After a near straight-line recovery from August’s lows, silver broke out with a gap up to new highs for the month. Source: stockcharts.com The ETF for silver, iShares Silver Trust ETF (SLV), is of course following a similar pattern. With silver (and gold) being one of the few assets working on the … Read more