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Gold, Silver, Platinum & GDX Analysis

Technical analysis on gold (GLD), silver (SLV), platinum (PPLT) and the gold mining sector (GDX) to provide both the near-term & longer-term outlook. Analysis of the US Dollar, Euro & Yen is also covered. playback speed can be increased in the settings to reduce video duration

2018-07-18T09:55:03+00:00Jul 18, 2018 9:55am|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , , , |0 Comments

Gold, Platinum, GDX & US Dollar Analysis (video)

This video covers some significant technical levels & developments to watch for on gold (GLD), GDX, platinum (PPLT), the US Dollar, Euro & Yen as well as the near-term & intermediate-term outlook for all. playback speed can be increased in the settings to reduce video duration

2018-05-23T10:56:34+00:00May 23, 2018 10:56am|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , , |0 Comments

5 Charts Supporting The Bullish Case For Gold

The five charts below help to support my case for a rally in gold in the coming weeks to months. The EUR/USD is, by far, the largest component of the $US Dollar Index at a 57.6% weighting. The currency pair looks poised for a substantial rally following this extreme oversold reading & drop to support with bullish divergences on both the 60-minute & this daily chart. EUR-USD daily May 22nd The EUR/USD just put in a divergent low on this 60-minute chart as well as the daily chart while falling to key support. Should the EUR/USD rally in the [...]

2018-05-22T11:02:25+00:00May 22, 2018 11:02am|Categories: Gold & Commodities|Tags: , , , , , , , |6 Comments

Stock Market Analysis & Trade Ideas (video)

Technical analysis providing the near-term outlook & price targets for the US stock market along with several potential trade ideas. The video begins with coverage of the Nasdaq 100 futures (/NQ) and tracking ETF (QQQ), highlighting some key technical levels & price targets followed by coverage of several trade ideas including WEAT, CORN, CANE, WOOD, GBTC, /GXBT (Bitcoin), gold, silver, PPLT (platinum ETF) and the US Dollar via EUR/USD & JPY/USD. </center

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, Pound Sterling. Essentially, other than the cannabis stocks, which have virtually zero correlation to the stock market or any currencies, including the US dollar, all of the above (gold, silver, GDX, major currencies & even the investment grade bonds) have a fairly strong correlation to the [...]

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 components of the US Dollar Index, the Euro & Yen, both of which indicate that the recent rally in the dollar which has been the primary driving force behind the recent rally in gold, may soon be over. From there, the charts of GLD & GDX [...]

2017-03-08T21:19:25+00:00Nov 2, 2016 1:40pm|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , |8 Comments

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 forecasted in the Sept 6th scenario (first chart below), pulling back & bouncing off this support level & going on to break out above the falling wedge. Personally, I don't trade currencies often although I do keep a close eye on the major currencies [...]

2017-03-08T21:19:28+00:00Oct 4, 2016 10:46am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , |Comments Off on US Dollar Breaks Out Against the Yen