In just a few weeks, the British people are making a big decision. The UK is holding a referendum this month on whether to remain in the European Union or not. Some of the polls show that the result could be very close. Whatever the result is going to be, this is…
There is one signal that tells you a LOT about the future… And most traders completely ignore this signal. You see, most folks are focusing too much on either when to enter a market, or when to exit a trade that is already in profit. As a result, they don’t…
Reports came through today that the bitcoin exchange site Mt. Gox has disappeared. There are rumours (not yet confirmed) that perhaps the website has been “deleted”. The Bitcoin average prices fell below the critical $550 level (see below): Frankly, I am not surprised. As I warned on Swiss TV two…
Gold and Silver look like they could be a short sellers wet dream right now. Gold is struggling to get past resistance at the daily 21 Moving Average and the downward trend-line. It is also worth noting the action on the US Dollar index which is looking increasingly bullish right…
Silver faces a wall of resistance at the $35.50, a confluence of key levels: Daily Downward trend-line resistance at the $35.60 level (see above video) Daily 200 Moving average Weekly 50 Moving Average Symmetrical projection of the September-October swing The only thing helping Silver is the daily squeeze that is…
On Monday I posted on my facebook page that if the S&Ps (ES) closed below 1200 we were going to see much further downward movement on the stock markets. The ES closed almost 10 points below the 1200 level on Monday, and since then the markets have slided much lower…
Gold and Silver tested our patience with their month long consolidation during which all volatility had dried up. They finally broke through the top bracket of their sideways channel (see above video). Link to this post!
Friday’s breakout of the consolidation on the S&P 500 (futures) may have delighted the “bulls” in this market. However, even with the unconvincing volume behind this move (see chart 1), I remain sceptical. Link to this post!
After the rally on the markets following attempts to “rescue” the eurozone, my message is let’s not get too carried away. One thing the technical charts are telling us is that we have yet to plough through some key resistance areas before we can call this a win for the…
As my impending trip to Hong Kong looms closer, I have been rummaging through a whole bunch of videos, charts and articles on the Chinese markets. So I was pleasantly surprised to come across a video of millionaire investor, Robert Kiyosaki, preaching the wisdom of Chinese investors. In this video…