Daily Markets - Gold Mining Stocks Close To Major Cup And Handle Breakout
Daily Markets - Gold Mining Stocks Close To Major Cup And Handle Breakout |
- Gold Mining Stocks Close To Major Cup And Handle Breakout
- Flying Blind
- Top 5 Economic Graphs For The Week Ended 29 August 2010
- Utilities - The Best Performing Sector
- Ben Bernanke’s “Hail Mary”
- US Stock Market: The Hindenburg Omen Seems To Be Getting A Little Too Much Hype
| Gold Mining Stocks Close To Major Cup And Handle Breakout Posted: 29 Aug 2010 11:01 AM PDT The global debt crisis and the war on deflation by the Federal Reserve is causing more producers to find ways to invest their cash. This low interest rate environment which may continue for some time will force producers whom are sitting on large cash positions to acquire more reserves. Mergers and acquisitions in the mining sector have increased over this past year due to a lack of major discoveries as well as supply and demand changes in emerging economies. We have seen a trend … [visit site to read more]
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| Posted: 29 Aug 2010 10:01 AM PDT Watching economists and media analysts react to breaking economic news is a bit like looking at a flock of pigeons flying over the New York skyline. A true wonder of the urban landscape, the flocks can include hundreds of individuals who show an uncanny ability to stay in tight formation as the group quickly zig-zags between buildings. What may be even more remarkable than their ability to randomly fly while maintaining cohesion is the flock’s refusal to stick to any particular direction … [visit site to read more]
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| Top 5 Economic Graphs For The Week Ended 29 August 2010 Posted: 29 Aug 2010 09:01 AM PDT This week we take a look at GDP stats from the robust German economy, and the less than robust US economy. Then we look closer at the US situation; reviewing the existing home sales data, and consumer sentiment data. We then wrap up with a review of the July trade figures from Japan. 1. German GDP
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| Utilities - The Best Performing Sector Posted: 29 Aug 2010 08:30 AM PDT After the market action on Friday, all the sectors have put in multiple bottoms or reversal candlesticks and look bullish with room to run in the short term. However, the best looking sector out there is still the utilities which bounced from an important level - 30.36 - on Friday. One can’t really appreciate the importance of this level until one sees the weekly chart, so here is a 5 year weekly chart. The chart says it all, so I will simply shut up. I will be back with … [visit site to read more]
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| Posted: 29 Aug 2010 08:12 AM PDT Hail Mary passes are typically thrown late in a game in an attempt to clutch victory from the jaws of defeat. Ben Bernanke's statement at the Fed's Jackson Hole conference this past week is an indication that he is getting ready to throw his "Hail Mary". The problem that I see, though, is that our 'game' is only somewhere in the second quarter. How does this happen?
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| US Stock Market: The Hindenburg Omen Seems To Be Getting A Little Too Much Hype Posted: 29 Aug 2010 07:45 AM PDT In the last few weeks, Wall Street has been spooked by a technical occurrence know as the Hindenburg Omen. The basis for the concern is we have recently seen both relatively high numbers of new 52-week highs and new 52-week lows. Wikipedia has a good summary of the Hindenburg Omen calculations. The recent triggering of the omen is concerning and aligns well with our models in that it is indicative of a weak stock market. However, comments and data about the omen seem to do a good … [visit site to read more]
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