Category Archive for ‘Gold’

December 19, 2013

Bulls Stall at Resistance/ Gold Tanks

by mome2143 / Posted in Daily Update, VIX, Gold

1:40pm (EST) We predicted a triple-digit move on the Dow yesterday and we said the Fed’s actions and comments could set the next trend into yearend. Following a rally back to the Black Friday highs, today’s slight pullback was expected and it will be important the bulls hold the firstRead more

June 26, 2013

Gold Hits 3-Year Lows/ New Trade!!!

by mome2143 / Posted in Momentum Stocks Weekly, Gold

12:00pm (EST) The bulls are trying to turn the week around following Monday’s pullback and have recouped their losses if current levels hold. Of course, we are only halfway through the week and it remains to seen if the bears hold resistance or if the bulls can keep the momentum.Read more

June 21, 2013

Bulls Rebound but Opening Rally Fades

by mome2143 / Posted in Daily Update, Earnings, Gold, Market Commentary

12:50pm (EST) Futures were strong throughout the night and were showing a nice recovery following Thursday’s selloff but they were cut in half before the open on Wall Street suggesting further downside risk. We have seen huge opening pops fade and the rebound turned into a hiccup as the indexesRead more

June 20, 2013

Gold Sinks Below $1,300, Profit Alerts (GLD, RVBD)

by mome2143 / Posted in Market Analysis, Gold, Momentum Stocks Weekly, Market Commentary

12:20pm (EST) We have been warning of another Gold breakdown since late May and following a 2-week trading range, we said this could be the week the yellow metal folds like a cheap lawn chair. With today’s $70 drop to $1,297 an ounce, we have profits to take on aRead more

April 17, 2013

Bulls Bounce Back, Futures Weak

by Rick Rouse / Posted in Daily Update, Market Analysis, Gold, Market Commentary

9:00am (EST) The bulls have been weak on Monday’s and strong on Tuesday’s as they made it 14 in a row yesterday. The recovery to prior support levels was encouraging for the major indexes but Gold continued its slide following a back test to $1,400. The Dow zoomed 157 points,Read more

March 12, 2013

Gold Gets a Pop

by Rick Rouse / Posted in Daily Update, Gold

12:30pm (EST) We mentioned this morning the race to 1,600 was on and with today’s $14 jump to $1,592, Gold is closer to ringing the bell first than the S&P 500 is. The recent trading sessions have been sluggish in the morning with strength coming in the afternoon and theRead more

March 12, 2013

Race to 1,600 On

by Rick Rouse / Posted in Market Analysis, Gold, Daily Update

9:00am (EST) There have been a few recent double-digit win streaks in the sporting world that has captivated the nation’s attention but the ones we like to watch involve the market. While we hope not to jinx things, the S&P 500 is on a 7-session streak while the Dow isRead more

September 14, 2012

Big Ben Goes All-In

by Rick Rouse / Posted in Market Analysis, Gold, Market Commentary, Daily Update

9:00am (EST) The bulls were counting on the Federal Reserve to unleash another round of quantitative easing (QE) and got the hat trick after Ben Bernanke officially signed-off on QE3. We said on Wednesday that The Bernanke needed to overpromise and wow Wall Street which he did. The Fed saidRead more

September 10, 2012

Bulls Looking to Keep Momentum

by Rick Rouse / Posted in Market Analysis, Economic News, Gold, Market Commentary, European Union (EU), Daily Update

9:00am (EST) “We factored in a possible 1%-2% move for the market on Friday based on what Bernanke did or didn’t say and at one-point the indexes were up nearly 1.5%. There was plenty of volatility at the open and once the fireworks began but the trend was higher afterRead more

August 29, 2012

Gold and Silver Real Winners in August

by Rick Rouse / Posted in Daily Update, Sectors, Gold

12:10pm (EST) It’s been another boring day on Wall Street but an exciting one for our portfolio. As the tight trading range continues, we will have to entertain ourselves with earnings and economic news until Big Ben speaks on Friday. Joy Global (JOY, $50.78, down $2.29) is down 4% afterRead more

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