Let’s examine stocks, gold and British pound quickly after last week’s turnaround from the “no taper” from the Fed to a possible taper in October. S&P 500 futures This week the S&Ps must protect 1687 as a key level. The Dow must protect 15383. Take a look at this chart:…
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…
“This could be the trade of the decade, and I am looking to risk several hundred points to make thousands over the next few years”, the best trader I know told me yesterday. Kevin Burton, whom you may have met at our Leading Trader webinars, is the best currency trader…
Here is a short video I made earlier about the potential next moves on the FTSE UK 100. We focus on the LT Sigma indicator and what it means for UK Shares. Plus we take a look at the next levels of support and “long” opportunities on UK stocks:
The recent crash in gold prices has had everyone talking about the yellow metal once again. Feelings towards gold is certainly mixed: from “bullish” investors who want to buy it cheaper, to those who have completely given up on it. A week ago, a famous billionaire gold investor shocked his…
Gold and Silver both put a bottom at the 200 day moving average support. So the question is will this be the bottom for Silver and Gold, or will we see a continuation? There are two scenarios here: either we shall get a reversal pattern (indicating that Gold/silver will go…
Quick outlook for the Gold and Silver Markets and whether they will rally in the short term: Gold Gold is now exactly where it was at the time QE3 was announced in September. It is 5% lower from its recent highs and currently is resting above the psychological $1700 support…
Traders Alessio Rastani and Kevin Burton discuss the outlook on Gold for the coming weeks and months (see above video). One of the topics discussed was that Gold is looking very choppy at the moment and not attractive environment for traders. Gold has also tested a critical support level around…
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.
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…