Sunday, November 14, 2010

DailyMarkets.com - Buy Signals For Gold And Silver Mining ETFs: GLD, GDX, SIL, AGQ

DailyMarkets.com - Buy Signals For Gold And Silver Mining ETFs: GLD, GDX, SIL, AGQ

Buy Signals For Gold And Silver Mining ETFs: GLD, GDX, SIL, AGQ

Posted: 14 Nov 2010 03:57 AM PST

I’m going to go out on the limb and say that I expect to see BUY signals across the board in the precious metals sector sometime next week.  And I’ll show you why with charts of AGQ, GDX, GLD and SIL.

But first, the obligatory housekeeping for my TSI Trading record.  Just one to record for Friday – a buy of Proshares Ultra Silver (AGQ) for $118.45.  Honestly, I made three purchases of AGQ on Friday, but will record these trades as one at the average blended price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks And Gold Forming Intermediate Top? I’m Not Buying It

Posted: 14 Nov 2010 03:47 AM PST

The general consensus now appears to be that all asset classes have put in an intermediate top and that the dollar has made an intermediate bottom. I jumped to that conclusion myself the other day. After further consideration I’m not buying it any more for several reasons.

First, the cyclical structure of the stock market is not set up for an intermediate top unless we are on the verge of another 2 month horror show like we saw this summer. I don’t think for a second that with another … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is It Worth The Risk To Short The U.S. Stock Market Now?

Posted: 14 Nov 2010 03:42 AM PST

Looking at some of the general market indicators, it seems the market is quickly approaching oversold territory. Let’s start with the McClellan Oscillator. Below are the charts of NYSE and NASDAQ McClellan Oscillators with the oversold levels marked on the charts. Both the indicators are at their lowest levels since the middle of August.

Moving on to another breadth indicator, the number of advanced-declining issues.

From the charts above, these indicators have … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Weekly Outlook: November 15-19

Posted: 14 Nov 2010 03:04 AM PST

Forex Pros – Last week saw the U.S. dollar close higher against the yen for the second consecutive week as investors adopted a cautious stance after leaders from the Group of 20 leading and developing countries failed to reach a consensus on exchange rates.

USD/JPY hit 82.79 on Wednesday, the pair's highest since October 7; the pair subsequently consolidated at 82.51 by close of trade on Friday, jumping 1.59% over the week.

The pair is likely to find support at 81.54, last Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Weekly Outlook: November 15-19

Posted: 14 Nov 2010 12:53 AM PST

Forex Pros – Last week saw the euro tumble the most against the U.S. dollar in three months, amid concerns over the sovereign debt problems of peripheral euro zone nations, especially Ireland.

The single currency trimmed losses on Friday after finance ministers from Germany, France, Italy, the U.K. and Spain issued a joint statement saying government bonds issued before mid-2013 would be unaffected by changes to the EU’s bailout program.

Earlier in the week, Irish government bond yields had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Whitney Tilson Hedge Fund Letter November 2010

Posted: 13 Nov 2010 06:33 PM PST

Whitney Tilson

Whitney Tilson is the founder and Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. The former (http://www.T2PartnersLLC.com) manages three value-oriented private investment partnerships, T2 Accredited Fund, Tilson Offshore Fund and T2 Qualified Fund, while the latter is comprised of two value-based mutual funds, Tilson Focus Fund and Tilson Dividend Fund (www.tilsonmutualfunds.com).
He is the author of More Mortgage Meltdown: 6 Ways to Profit in These Bad … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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