Crude Oil futures came down to retest its breakout point at $108.79 today but did not close below that level. As long as we hold above this level and do not close below it, this is a bullish sign for crude and creates a buy opportunity for traders. Some analysts…
Crude Oil prices rallied today and took out its highs after days of growing international pressure to take action against the Syrian regime and their alleged use of chemical weapons. Reuters reported that: “Obama is considering cruise missile strikes against Syrian targets in response to the August 21 chemical weapons…
“Breakout” patterns can create potentially great trading opportunities, as long as you are ready for them in advance. So here are 3 markets I have selected which are poised to “breakout”: USD/JPY (Dollar-Yen currency pair) I spoke with my good friend and currency trader Kevin Burton about USD/JPY last week.…
Let’s take a close look at 3 charts which I am viewing with great interest and I’ll explain to you why I think they’re important. Bonds (30-year) As I’ve said many times, the burst of the bond “bubble” will be the trade of the decade. In May this year I…
This important chart indicates that gold is ultimately heading to $800. Gold’s relationship with the consumer price index (CPI) is an important measurement of the “fair value” of gold: In a June article, “Gold: Is The Bad News Over?” Mark Hulbert of Marketwatch brought attention to an important measurement of…
Since Gold’s recent 50 point gain this week, social media sites are buzzing with “Gold has bottomed”. But are they right? See video below: What are your own views? Leave us your comment below.
Is Jail enough for reckless bankers who bring an entire economy to its knees like they did in 2008? (leave your comments below). Some would argue that perhaps the ultimate punishment for banks should be to stop bailing out and rescuing them with public money every time they screw up!…
Watch this short 3-minute video: I am bearish on bonds for the long term and in fact I have been shorting bonds since they topped back in early May 2013 (see video below). However in the short term I am looking for a bounce or a pullback in order to…
A month ago I speculated as to how low gold prices will go. I came to the uneasy conclusion that the $1100 region was a likely target for gold. A few days ago, Goldman Sachs came out and said that Gold could hit – get this – $1050 an ounce…
Here’s a question for you. What’s so special about a chart signal when one line crosses above another line? The answer is not much… Except when it occurs on the markets’s Volatility Index (VIX) – also known as the “Fear” index. Whenever this signal has occurred on the VIX “fear…