Saturday, September 24, 2011

DailyMarkets.com - Gold Cycle Review, The Next Gold Swing Trade Is

DailyMarkets.com - Gold Cycle Review, The Next Gold Swing Trade Is


Gold Cycle Review, The Next Gold Swing Trade Is

Posted: 24 Sep 2011 01:56 AM PDT

The gold cycle as been working like clock work.

Sure the peaks and troughs have got more interesting. We expect the next cycle bottom to be Dec – Jan, we hope a great set up for more accumulation of physical gold. Funny how the next cycle bottom just may tie in with a Xmas rally. Interesting Watson !

Of course we will be watching intermarket cycles on stocks, USD, metals and currencies to see if the overall story gels for more gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper And Dow Transports Indicators Of World Growth

Posted: 24 Sep 2011 01:36 AM PDT

Simon Baker of Baker Avenue Asset Management said that copper and Dow Transports are leading indicators for world growth. His firm uses a proprietary index he called the ‘Baker Ave Market Sentiment Indicator (BAMSI)’. This indicator is a basket of over 4,000 stocks, measuring momentum and market sentiment. Currently the indicator is negative.

From Yahoo Ticker: 20110924 Extract

Baker notes the performance of copper, or “Dr. Copper” as it’s called by market pros for the base metal’s ability … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Week Ahead: US Q2 GDP, New Home Sales, Pending Home Sales, Consumer Confidence, U. Of Michigan Consumer Sentiment, Durable Goods, Personal Income And Spending; Euro-zone Consumer Confidence, CPI, Unemployment

Posted: 23 Sep 2011 09:00 PM PDT

09/24/11 The US calendar is packed with key economic data including GDP, housing and consumer confidence. Euro-zone confidence data on business, consumer, industrial, services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


South African Reserve Bank Keeps Repo Rate At 5.50%

Posted: 23 Sep 2011 08:42 PM PDT

The South African Reserve Bank [SARB] kept its monetary policy interest rate, the repo rate, on hold at 5.50%.  The Bank said: “Recent data have confirmed the fragile and uneven nature of the domestic economic recovery, and unfavourable forward-looking indicators are consistent with a downward revision of the Bank’s economic growth forecast. At the same time a number of exogenous factors have continued to put upward pressure on domestic inflation. This combination of declining … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rising Rail Traffic Suggests No Double-Dip Recession

Posted: 23 Sep 2011 07:53 PM PDT

BLOOMBERG — “Railroads shipments are the highest in almost three years, helping to defy concerns about a double- dip recession. Total rail volumes excluding grain and coal averaged 381,831 carloads in August, the most since October 2008, according to data from the Association of American Railroads. 

These shipments represent the bulk of materials for industrial production, so rising volumes show the economy is still growing, according to Art Hatfield, a transportation analyst in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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