Markets will do what they want on their own schedules so learning to go with the flow is very important.
I really don’t care if gold rises or falls, I just read the charts while some people get so emotionally attached.
I am always optimistic in my views and look for the best outcome but I am not blinded by it.
We didn’t see a lot of large moves.
Gold is in serious trouble and not something I’ll be looking to trade for some time, perhaps even many years as its bull market may be done now.
It remains a dangerous market with not much to do.
A bad week for markets as Thursday and Friday saw heavy heavy selling and we have now broken a very bearish pattern.
To each their own but the miners burned me years ago and I have no interest in them most times.
The US markets are mixed for the moment but do have the look to be ready to roll over further Monday.
In time we will see a great buy emerge but having patience and waiting for the right buy point is key.
Markets really only move well two or three times a year and you can make a mint during those times.
For now, gold is once again something to avoid. It seems like all the precious metals charts are now in limbo as we wait for a buy or sell signal.
The game is rigged, there is no doubt.
It’s certainly a challenging time still for gold and silver but the long-term reasons for holding physical gold remain in place.
Still hold a hefty portion of your wealth in physical gold and silver
What a whippy week it was. Volatility spiked and then subsided into the end of the week which meant it was a great day-trading environment but then that petered off as ranges tightened for markets and stocks into the end of the week.
The week was a wild one with lots of choppy action in the indices as was to be expected as bases build here nicely.
It was another week of watching and sitting for the swing trading portfolio. We still haven’t put on a swing trade lately but we’ve been watching our dividend stocks and mining portfolio and I’m thinking about adding a few new miners to our stable in the next few weeks.
It’s the thick of summer now and I’m trying to take it pretty easy this weekend and perhaps another weekend or two while the warm weather is here. The good news about that is that there is so much focus on the debt ceiling debates that you’d hardly know anything else is going on anyhow.
The big talk these days is of the debt ceiling in the US having to be raised. The US is lucky they can do this unlike other countries such as Spain, Portugal, Greece, Ireland and others who need to be bailed out or pass huge austerity measures.
It was another wild week with no real direction in markets and precious metals are breaking down.
The sweet Clash song “Should I Stay Or Should I Go?” seems to be the song most suited for the Greek situation right now. France and Germany are bailing them out and Greece is trying to pass large budget cuts to the disdain of their citizens.
It was another week of mixed markets where we did see some bottoms in stocks and US markets seem to have turned up thus far. Their not yet trending higher, but they look about to. The uncertainty of the end of QE2 coming in a little over a month is still weighing heavy as well as more issues over in Europe. It’s all par for the course though as the charts tell all, and usually in advance.
It was a week like we haven’t seen since the beginning of the crash in early 2008, but this time it was mostly in the commodity sector. Many stocks did get hit hard, as well as the major indices, but the real damage came in commodities, especially silver.