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Red Gone Wild

Posted on February 9, 2010.
Red Gone WildPrecious metals and oil Gone Wild!

Precious Metals ETFs Gone Wild past 2 weeks. Last week we saw the price of gold and silver fall sharply as he shook stop orders trader short term before breaking down and moving higher. There is also a gap between gold and the dollar.

energy products like natural gas and crude oil move in opposite directions and look to gain speed. Natural gas is a pressure loss and oil is on fire.

 

GLD ETF Trading - Trading Pivot Low

 

Last week we had our trading pin down generate another buy signal for gold. Trading lower pivot is a simple trading strategy. I call these configurations with low risk and benefit of buying a stock, commodity or currency, after a decline of support and a candle when inversion is formed. The graph shows clearly when you are trading with the trend of buying the dip is generally a low-risk game with a great potential up side.

 

Precious metal trading ETF - Gold Bullion Takes Control

 

The graph shows the performance of gold stocks (red), silver bullion (in blue) and gold bars (green). As you can see the last 2 weeks as the market has been selling down, precious metals stocks were hit harder than silver and gold.

Due to the recent heavy selling of stocks, the smart money was going into commodities, especially gold. gold stocks are a great game but it tell us investors feel more secure in the physical bullion as shares.

Gold is the metal most valuable known refuge and which is why it holds more value than money and stocks. This week, we are seeing the gold becomes more valuable in several major currencies means that gold is actually a movement to higher real.

USO ETF Trading - & Bull Flag Breakout

 

Crude oil has erupted deal this year and it seems we're about to get another buy signal soon. We had an escape in October of the flame off and are now signaling that is very optimistic. We have seen USO reach $ 50 within the next month or two.

UNG ETF Trading - Low Pivot or cascade Sell-Off?

 

Natural gas is a critical level for a rebound weaker or another panic selloff. Trading at the moment with UNG is a 50/50 shot, so we'll just wait and let things run more before taking any action.

The stock markets, precious metals and Conclusion Energy Trading:

 

The market starts to feel a little squirmy as he tries to find support. small cap stocks continue to get crushed in chip stocks (large cap) hold more of their value. Gold has broken this week when more money and precious metals stocks underperform their big sister in yellow gold.

Crude oil remains well, forming a bull flag three weeks and is showing signs of life, while natural gas continues to be hammered.

The market has been nervous the last 2 weeks because market participants are very uncomfortable about the future direction of the U.S. dollar.

If you wish to receive these reports free trade visit my website: www (dot) GoldAndOilGuy (dot) com

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