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Updating Traps Trendlines and Fibonacci for Gold and GLD
Let’s take a moment to update the prior post “Trade Planning and Levels to Watch in Gold” with respect to the new price compression between daily moving averages, a key Fibonacci Level, and an active...
View Article3 Scenarios, How to Trade the FOMC Minutes
The minutes from the last FOMC meeting is scheduled for release today and FX traders are gearing up for a potentially big reaction in the forex markets. Given our experience, we have seen lofty...
View ArticleOFF TO THE RACES
Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively....
View ArticleDollar Plunges After Payrolls – Is Taper Off?
Disappointing jobs data drove the U.S. dollar sharply lower against all of the major currencies and based on the price action across the financial markets, investors no longer believe that the Fed will...
View ArticleTop 3 Themes in FX This Week
The top 3 themes for the Forex market this week are Syria, China and expectations for Fed tapering. Syria will dominate the headlines and currency flows as the U.S. Senate prepares to vote on a limited...
View ArticleThe Taper Fakeout
THE TAPER TALK Anyone who bought the media buzz about a September reduction of QE – called the “taper” – was very surprised when the Federal Reserve announced that stimulus would continue unabated....
View ArticleFiscal Gridlock Keeps Dollar Under Pressure
This is a crucial week in the financial markets and the losses in the dollar reflect the growing risk of a U.S. default. We are now entering the third week of the U.S. government shutdown and the...
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Charting the March Breakout into Open Air for Gold
Gold prices broke through a ceiling of resistance this morning into an Open Air pocket, generating an aggressive breakout buy opportunity for traders. Let’s chart the breakout and note new upside price...
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The World Cup is the Best Time to Buy Silver
There’s an old saying in the investment market that goes something like this: “Sell in May and then go away.” This means that in order to avoid a slow market, investors should sell their investments...
View ArticleMarkets Struggle with Crude Oil Drop, But There is a Silver Lining
The action in the markets since Thanksgiving have been amazing, there is so much to cover after the past week so let’s get into it.The last five days saw the worst price action for markets in a few...
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