We Need CNBC…
…or at least a comparable network to give bad advice so all the professional traders can profit from them by fading their recommendations. Let’s face it, I never watch the show and rip on it all the time, however I...
Read MoreAuthor: Jeff Pierce
Worrisome Divergence
The placement of the 200 ma in both of these charts is somewhat puzzling. With the strength of gold since the November lows one would think that the miners would be displaying equal strength, however this is not the case. GLD,...
Read MoreFriday the 13th
No time to do a lengthy blogpost tonight but wanted to get a few thoughts out there. We’re overbought, there’s no doubt about that so I closed my longs at the close. I can’t wrap my head around how giddy...
Read MoreWhere We Stand
clipped from www.dshort.com
Read MoreFed Structure
clipped from www.financialsense.com Most Americans believe that the Federal Reserve is part of the government. They are wrong. It is a privately held corporation owned by stockholders. The Federal Reserve System is owned by the...
Read MoreABX vs. TSX
per reader’s request: Barrick Gold is performing considerably better than the TSX, but is under-performing GLD (gold etf). If my analysis of gold is correct it should bounce of support and move higher from these levels....
Read MoreWhat is the Tick?
I want to first say that I just came across this indicator a few months ago, so my experience is very limited with it. Here is a good definition of what it is and then I’ll explain how I use it. via daytradingit The Tick...
Read MoreBarron’s Just Convinced Me…
…that this is nowhere near the bottom. Over the weekend they had this to say about the markets. Sure, stocks could slide much further — but they probably won’t. By most measures, they are downright cheap....
Read MoreSupport for Gold?
If gold is going to catch a bid, now is the logical place it would make a stand. A break of this trendline could send this in the low $800’s. Strongest gold stocks out there are AZK EGO GOLD HMY IAG...
Read MoreNot Feeling This Rally
I’ll admit I miss out on today’s rally completely. I kept waiting for a clearer bottom formation to appear and it never showed up. When the market opened higher today I just watched form the sidelines as it roared...
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TraderPlanet’s Quick Guide to Candlesticks
