Tag "gold"

COT Report: Gold Bugs Have Golden Opportunity

The following chart and data highlight non-commercial commodity futures trading positions as of February 13, 2017. This data was released with the February 16 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the Gold Futures. For the…

Opportunity Knocks… Will Gold Bulls Answer?

Gold investors have enjoyed a strong start to 2018. After a brief pullback into early February, the shiny metal has charged higher once more. The question now: Is a major breakout on the way for gold and precious metals bulls? Looking at the chart below, you can see that a…

Intermarket Chart Attack: Not Done (Part 2)

This is an Intermarket Analysis chart review that I provided to my fishing club members Wednesday to prepare for the stock market downdraft I expect to continue. These charts are meant to graphically represents relationships (strong and weak) that can foretell how the currents are moving to better identify how stocks/sectors/indices will move! You…

Are Rising Interest Rates About To Hit A Wall?

Rising interest rates are finally getting some attention here, and by all accounts, investors are concerned! The rate with which treasury yields have moved higher has caught many off guard and may be part of the recent uptick in market volatility. Will interest rates pull back now that the market…

S&P 500 Market Outlook: The Long Awaited Pullback Begins

After a year without a legitimate stock market pullback (3 percent or more), the U.S. stock market indices are finally pulling back. To what extent, we don’t know. But February should be an interesting month. It appears that lingering concerns have finally given way to a market pullback. Let’s breakdown…

S&P 500 Trading Update: Time To Get Defensive

S&P 500 Trading Outlook (2-3 Days):  BEARISH Yesterday’s pullback broke trend line support from late December on equally as bearish breadth as what occurred on Monday. Weakness likely down to 2773 at a minimum, which would be a 50 percent pullback of the move from 12/29 lows. A bounce to fill the gap…

Global Markets Rally In Face Of Tightening Central Banks

The stock market continues to celebrate tax reform, as corporations are starting to release improved earnings due to reduced tax bills. The financial markets are hungrily anticipating and receiving share buybacks to accompany improved earnings. But at the same time, central banks are shifting into slowdown mode. The Federal Reserve…

Gold Trading Spotlight: Watch That Up-Trend Line!

Gold is pulling back on Friday as investors in the shiny metals take profits. It’s notable that today’s weakness comes near prior highs and as price exhaustion signals come into play. That said, today’s minor pullback hasn’t done much to damage to the uptrend. And it will take a move…

Gold Trading Update: Overbought But Indicators Bullish

In our recent article, we looked at the strong seasonal tendency of Gold (GLD) to outperform during the month of January. The Gold ETF (GLD) bottomed in mid-December and rallied almost continuously until the start of January, where it consolidated around the 125 level. Since then, GLD appears to have…

Gold/Dollar Ratio Testing 800 Pound Resistance Here!

It’s been a while since gold bulls were able to celebrate something more than a swing trade. Will 2018 bring gold bulls the breakout they’ve been patiently waiting nearly 5 years for? Since the 2011 top, there has been plenty of failed rallies and sideways grinding. But the last 13…