Technical Analysts Say Gold is At a Bargain
by Steve McDonald, Contributing Editor, Investment U
Tuesday, October 4, 2011
Gold is at a bargain – at least that’s what technical analysts are saying.
[Read more...]Technical Analysts Say Gold is At a Bargain
October 4, 2011 By Leave a Comment
New Home Sales Ignite a Risk Asset Rally
July 27, 2010 By Leave a Comment
Yesterday morning I told you that the currencies, for the most part, were flat… That didn't last too much longer… The US printed what the media and markets thought was a fabulous New Home Sales report, and the rally in risk assets was “onâ€?! With stocks and currencies in rally mode, gold and silver backed off… I'll talk about that trading theme we've seen lately in a minute, but first… Let's talk about the housing data…
[Read more...]Merkel Sends the Euro Lower
May 19, 2010 By Leave a Comment
The hits just keep coming for the euro (EUR)… As often as the Beatles put them out from 1963 to 1970, or Elton John put them out in the ’70s…
Well… It’s the same for the euro… Just when it looked as though the euro might survive a day without being taken to the woodshed… The Eurozone officials just couldn’t stand the prosperity! (And I use that word loosely!) German Chancellor Angela Merkel made some proposals to gain control over “destructive” financial markets… Her first move was to place a ban on naked short-selling.
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US Retail Sales Disappoint
It’s all about the dollar, right now… And of course, in September I told you that the perfect storm was building for dollar strength, so this comes as no surprise… What does surprise me, though, is the myopic view of debt that the markets’ participants have taken… It’s as if all the debt in the world belongs to the Eurozone, and the US has a picture-perfect balance sheet…
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