Saturday, 11 June 2011
Bob Chapman - Disc gold Silver Trading 10 june 2011
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
End of QE2: Bernanke Test Gold Prices
NEW YORK (TheStreet) -- David Morgan, founder of Silver-Investor.com, argues that the end of QE2 is Benanke's way of testing the gold market and measuring inflationary fears.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Chart of the Day - EUR/USD
Chart of the Day - EUR/USD
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Chart of the Day - EUR/USD
EUR/USD (daily chart) as of Friday (6/10/2011) has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness now constitutes a bonafide breakdown of the steep uptrend that has been in place since late May. A key downside support target on this breakdown resides around the 1.4250 price region, which is not only an important prior support/resistance level, but also the 61.8% Fibonacci retracement level of the two-week bullish run from the lows around 1.4000 to the highs around 1.4700. In the event of continued bearish momentum that further breaks down below the noted 1.4250 support, the key downside target to watch is clearly around the 1.4000 psychological level, which has served as an exceptionally strong support/resistance level and price target in the recent past.
(Please click on the chart to enlarge. Chart key: price on 1st pane, Stochastics on 2nd pane; horizontal support/resistance levels in black; uptrend lines in green; downtrend lines in red; 50-period simple moving average in orange; 100-period simple moving average in brown; 200-period simple moving average in dark blue; Fibonacci levels in magenta and purple.)
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
A Mystical Number Predicts a Major Turn
A Mystical Number Predicts a Major Turn
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
A Mystical Number Predicts a Major Turn
Although there is no major market peaking or bottoming dramatically right now, we still see price structures in the currency markets involved in reversal affairs. The Swiss franc, for instance, is approaching a high against the US dollar, as are the Australian dollar or the New Zealand dollar, although less exuberant both. This means we need to watch the dollar as we move into the crucial date.
"The debt crisis will get worse over the next 4.3 years into 2016 and that we are more likely than not going to see rising interest rates."
Martin Armstrong, who discovered the cycle, explains in a recent essay that "... markets that tend to be approaching highs are the interest rate markets. This tends to suggest that the debt crisis will get worse over the next 4.3 years into 2016 and that we are more likely than not going to see rising interest rates regardless of what the governments wish to create." Indeed, if Southern European countries break away for the deflation imported by having adopted the Euro, with the resulting economic debt chaos, the dollar would be favored.
The cycles logic would suggest, in the case of metals, that a high for gold on June 13th/14th with a low in the dollar would signal a reversal in both markets. However, gold may remain range bound in higher levels, pausing it's trend when priced in dollars, only to resume the primary trend after the temporary consolidation.
The Theory:
Some of the biggest investors out there view cycle theories with respect, and factor cycles
into their financial commitments. Investors use cycles as an overlay to shape their big pictures of the financial world and to remind themselves that there is always a reversion to the mean.
Armstrong ’s model, focuses on those markets showing a exuberant personality, those with the greates concentration of capital in one sector, and tracks the footprints of money around the world. When capital shifts it's attention, it behaves like water: it goes where it encounters the least resistance, leaving behind big financial panics.
"Capital behaves like water: it goes where it encounters the least resistance, leaving behind big financial panics."
Armstrong was the one to observe the shifts in capital flows hit the markets every 8.6 years across many asset classes. The estimate of magnitude seemed to revolve around periods of 51.6 years, which nests a series of 6 business cycles of 8.6 years each. Armstrong revealed that the business cycle concept can be backtested into ancient history going back to the Greek and Rome empires and all monetary systems that followed.
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