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    US Dollar, Gold, Silver, GDX & Marijuana Stocks

    In addition to investment grade bonds (treasuries, munis & BBB+ rated corporate bonds) which were covered in yesterday's post, a few other potential bottoming plays that stand out at this time are gold, silver & the related mining stocks, cannabis stocks and some the major currencies (vs. the US Dollar) such as the Euro, Yen, [...]

    Trend Reversal in GLD, GDX & US Dollar Likely

    Gold & the precious metal mining stocks are at resistance while overbought on the near-term time frames while the US Dollar looks poised for a bounce. As such, the odds for a pullback or correction in GLD & GDX are quite elevated at this time. This video starts with an overview of the two largest [...]

    US Dollar Breaks Out Against the Yen

    The USD/JPY (Dollar/Yen currency pair) has triggered the anticipated breakout above this bullish falling wedge, which is a bullish technical event for the US Dollar as the Yen is the second largest component (13.6% weighting) of the US Dollar Index. Horizontal lines mark potential resistance/target levels. The USD/JPY has so far played out exactly as [...]

    Time For The Stock Market To Start A Hissy Fit

    Powerful divergences still intact on the S&P 500, Nasdaq 100, etc... With a decent chance of a rate hike on Sept 21st, the market is likely to do one (or both) of two things: 1) throw a hissy fit before the meeting to try & scare the Fed away from raising rates, at it has [...]

    Sep 9, 2016 9:35am|Categories: Equity Market Analysis|Tags: , , , , , |11 Comments

    Do You Want To Know Where Gold Is Going?

    It is clear that the recently on & off inverse correlation between the US Dollar and gold prices has once again returned, with a near perfect inverse correlation lately as the dollar & gold react to any economic releases that could impact the next FOMC rate decision. Therefore, if you want to know where gold [...]

    Global Currencies & Commodities Outlook (video)

    Aug 28, 2015 6:45pm|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , , , |Comments Off on Global Currencies & Commodities Outlook (video)

    FXY (Yen) Poised to Rally

    FXY (Japanese Yen Trust ETP) looks poised to rally on a breakout above both this descending price channel (yellow lines) and the white downtrend line. Horizontal lines mark potential price targets. FXY, YCL (2x long Yen) or possibly a YCS (2x short Yen) may be added as official trade ideas soon. Until then, I just [...]

    Jul 8, 2015 1:21pm|Categories: Forex (Currencies)|Tags: , |Comments Off on FXY (Yen) Poised to Rally
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