Gold Market UpdateFor those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions Iím going to save you the trouble by putting the conclusions at the start: the broad US stockmarkets are approaching a parabolic blowoff top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warned to pull yourself together and take the time to calmly consider the hard facts presented below Ė otherwise you wonít be laughing at all in a few months when YOU will be lying face down in the dirt with tire tracks across your back...
Posted at 2.20 pm EDT on 19th May 13
Silver Market UpdateMuch of what is written about the macro factors affecting gold applies equally to silver, and will not be repeated here. Silverís post plunge relief rally was considerably weaker and more stunted than goldís, and with it now back near to its April plunge lows after the drop last week, the chances are considered high that it will break to new lows soon. That said, its latest COTs and sentiment indicators are now strongly bullish, so that although it may well break to lower lows soon, it is thought unlikely that there will be much downside follow through before it hits bottom...
Posted at 5.20 pm EDT on 19th May 13.
Oil Market UpdateThe oil market has been rather dull for several years now, with traders able to make money only by playing medium-term price swings, which is a reason why we have not had much interest in it. It was definitely a different story from 2007 through mid-2009...
Posted at 7.15 am EST on 11th February 13.
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