Pressure from a Rising Dollar
Stocks and commodities are under pressure from the rising dollar. We have already seen a sizable pullback but there may be more to come in the next few trading sessions.
Category: Insight
Christmas Holiday Rally?
Looking forward to 2012 it looks as though we are going to see some major changes unfold globally that will change the way we do things and live our lives. Unfortunately its a very negative outlook but I do have hope that something will be done to preserve our somewhat normal lifestyles.
A Higher Dollar Means Lower Stocks and Commodities
Over the recent couple months the precious metals charts have made some sizable moves. Most investors and traders were caught off guard by the sharp avalanche type selloff and lost a lot of hard earned capital in just a few trading sessions. Gold dropped over 20% and silver a whopping 40%.
Van Eck’s MORT – a first look
Income investors have a new ETF choice with this week’s launch of a mortgage REIT fund by Van Eck Global (MORT). The ETF tracks an index of publicly traded mortgage REITS which make money not by investing in real estate, but by investing in mortgages.
Will QE3 Hold Off the Bears?
The buzz around the blogosphere and in the media is that Quantitative Easing II is scheduled to end in around 3 weeks. Already pundits are asking about Quantitative Easing III as a matter of when, not if.
Rally or Sell-off?
Here is quick pre-week analysis video explaining what I think could happen in the gold, silver, oil and the stock market. The dollar continues to control the short term movements in both stocks and commodities.
Fear and Selling
This week we are seeing fear across the board from traders and investors as they dump their long positions is stocks and commodities. Just in the past two trading sessions alone we have seen extreme overbought conditions and extreme oversold conditions which generally mean another big move is brewing…
Where Does Silver Go from Here?
David Banister expects Silver to correct to the 40 to $42.75 areas based on his Fibonacci work and Elliott Wave views, and after this 4th wave consolidation we will see a surge to as high as $60 per ounce.
Monday Mayhem
In overnight and pre-market trading the US Dollar posted a strong rally which in turn caused a sharp selloff in the equities market. The market is currently down 1.6 – 2.3% depending on the index traders are following.
Time for Another Rally?
Over the past couple months everyone seems to have been preparing for a sharp market correction. Crazy part is that the SP500 dropped about 10% from the high and that is a typical bull market correction.