GS is hanging around the upper resistance level of the weekly broadening price pattern … the longer it hangs around this level it is in effect telling us that it is not going to “reject” that level/resistance level. That means odds are growing that GS breaks out to the upside. Continue reading
I wrote about a possible bottom in gold back in mid-October (click here), but for the most part the trades I put on back then did not work-out. No biggie as I was legging into that possible trade set-up and the amounts were in reality, insignificant.
I have started some new trades in NUGT and HGU (TSX Canadian exchange for my retirement accounts) today as I am thinking that maybe, just maybe, the US dollar, gold and the gold miners are ready to start moving. Here is my view of the charts … Continue reading
I have traded crude futures and energy equities pretty well the last several months … here are the tweets I made back in late-June and in late July. Continue reading
Two of the best looking sector charts that I am seeing currently are in precious metals (gold/silver) … Continue reading