"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •571 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,865.30 | +124.00 | +4.52% |
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WTI Crude •11 mins | 61.04 | -0.03 | -0.05% |
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Gasoline •13 mins | 1.841 | -0.010 | -0.53% |
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Ethanol •571 days | 2.161 | +0.000 | +0.00% |
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Silver •571 days | 30.82 | +1.16 | +3.92% |
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Silver • 571 days | 30.82 | +1.16 | +3.92% | |
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Copper • 571 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 65.87 | -0.01 | -0.02% | |
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Natural Gas • 11 mins | 6.090 | +0.815 | +15.45% | |
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Heating Oil • 17 mins | 2.510 | +0.081 | +3.34% |
Markets / Other
AUD/USD - Bouncing
AUD/USD is bouncing. However, the shortterm technical structure is negative as long as prices remain below the hourly resistance at 0.8054 (23/01/2015 high). Another resistance can be found at 0.8136.…
Bitcoin Trading Alert: Tense Days Ahead
In short: no speculative positions. The Winklevoss twins seem to be connected to everything about Bitcoin that has hit the media recently. This is an exaggeration but the brothers have…
The Next 'Peg' to Fall?
The drop in the Yuan over the past 2 days is the largest against the US Dollar since Nov 2008 as USDCNY nears its highest (CNY weakest) since mid-2012. What…
George Lindsay's 8-year Interval
The late technician, George Lindsay described an 8-year interval as part of his 22-year Overlay (An Aid to Timing, SeattleTA Press, 2012). He wrote that the high (or "moment of…
This Is What It Means To Lose A Currency War
The term gets tossed around a lot, but the meaning and consequences of a "currency war" aren't intuitively clear to most people. Especially confusing is the idea that you lose…
Oil Prices Changing The Face Of Global Geopolitics
In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing…
Silver Stocks Will Rule In 2015
Bank economists and bearish gold gurus continue to err, on their gold price predictions. The huge declines they promised in 2014 on the taper never materialized.
USDJPY and SP500 Intraday: Elliott Wave Analysis
USDJPY is moving down at the moment, following very bad US Durable Goods Orders (-3.4% vs 0.6% exp.). Based on a very strong decline at the moment, we suspect that…
EUR/CHF - Rumors of FX Intervention
EUR/CHF is digesting the recent massive selloff. Todays move halts succession of lower highs suggests increasing selling pressures. However, bullish move to 1.0385 has already reversed. A key support stands…
Gold and Silver Trading Alert: Is the Rally in Gold Over?
Briefly: In our opinion speculative short positions (half) are currently justified from the risk/reward perspective. Gold's rally took place along with the U.S. dollar's rally and this was encouraging for…
