Stock Markets are showing signs of weakness and an imminent reversal (see above video). The volatility index (VIX) – also known as the market’s “fear index” – surged by nearly 16% on Friday and closed above its 21 EMA. A rising VIX usually has bearish implications for the stock markets.…
In the following video I explain how we can apply Fibonacci Analysis to identify the next price target for Gold and Silver.
One of the markets I watch in order to see what the hedge funds are doing, is the AUDJPY currency pair (also known to forex traders as the “carry trade”). The relationship between the AUDJPY and the stock market is a subtle and interesting one which is often wrongly ignored…
You will notice from the above chart that Gold completed a 5 wave trend – a down trend which started on 8th November and completed on December 29th. For traders who are not familiar with Elliott Waves, this phenomenon is explained briefly by the fact that when markets trend, they…
In my previous update on the metals, I alerted our readers that two very good potential short trades were setting up on Silver and Gold. Those trades came to fruition and have proved to be very profitable so far.
A few years ago, the renowned trader and best-selling author, Guy Cohen, revealed to me a simple and cool “trick” for looking at a stock from another angle (other than chart analysis) to measure how investors are feeling about a stock (whether more “bullish” or “bearish”). Below is a step-by-step…
Europe is in a sticky mess and Europe’s leaders are about to make yet another mistake. The recent big story that dominated this week, was the threat of a downgrade of the credit ratings of 15 eurozone countries, including Germany and France. So what is going to be Europe’s response?
This article is by our contributor Patrick Cooper, an independent financial advisor: It’s not just about money. Money does not buy happiness we all know that (well at least we preach it anyway!) but happiness does buy wealth. If you know your true self you will know what your true…
This article is by our contributor and forex trader Goncalo Botelho: In everything you do, you’ll find yourself confronted with a standard ladder of mastery. Trading is no exception. The 4 levels are:
The trade set-ups that I am looking to use are for shorting Gold and Silver, and here is why: