Ags Hold Up; Take a Look at Silver Miners

Posted on February 28, 2011 at 2:52 pm
By: John Darsie of T3Live After opening higher this morning, the market has been quiet, drifting higher early before pulling off slightly. The market seems to be resting and showing indecision after volatile trading last week. The heavy selling we saw early last week definitely stirred the pot and reminded complacent investors what fear feels like,...
Filed in: Market News

My Take on the Euro & SPY

Posted on February 28, 2011 at 11:55 am
Mad Hedge Fund Trader My Take on the Euro. Entering 2011 as the currency that everyone loved to hate, the Euro has staged a dramatic comeback, much to the chagrin of hedge fund managers and traders alike. Since January, the troubled currency has rallied ten cents from $1.28 to $1.38. Is this the beginning of something big? Or has it shot its wad and...
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Chicago PMI Comes At Highest Since 1988

Posted on February 28, 2011 at 10:02 am
by Tyler Durden Now it’s getting plain silly: the Chicago PMI expanded for the 17th consecutive month, grateful for the US policy of total and utter dollar annihilation, printing at 71.2, higher than expectations of 67.5 and the prior print of 68.8. This is the highest since July 1988. And confirming just how credible the data is, the New Order...
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The GOLDEN FIREWORKS ARE ABOUT TO BEGIN

Posted on February 28, 2011 at 9:38 am
Gold Scents The gold bull is now on the verge of launching the most spectacular up leg of this 10 year bull market. This spring we should see the final parabolic rally of the massive C-wave advance that began in April `09 with a test of the 1980 high at $860. First off let me explain gold’s 4 wave pattern (and no it has nothing to do with Elliot...
Filed in: Gold

GLD, USD, SPY & Sentiment at Major Pivot Point

Posted on February 28, 2011 at 8:21 am
So far 2011 has been an interesting to say the least. Stocks and commodities have been jumping around with high volatility generating mixed trading signals. This choppy price action typically indicates trends are in their late stages. The late stages of a trend is very difficult to trade because volatility rises meaning larger day to day price swings,...
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Trade Ideas for Monday

Posted on February 27, 2011 at 8:42 pm
Trader Market 24/7 LONGS: HDY ALJ TTWO ASGN HYC SGMO CRIS 6 months of detailed trading guidance, pre-market videos, low risk alerts, and trading education for less than 50 cents a day!
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Marc Faber: “I Think We Are All Doomed”

Posted on February 27, 2011 at 8:18 pm
by Tyler Durden All who enjoy hearing a meaty Marc Faber fire and brimstone sermon, that cuts through the bullshit, will be happy to know that the Gloom, Boom and Doom author conducted a 40 minute interview with the McAlvany Financial Group, which covers all the usual suspects: gold, silver, precious and industrial metals, the “crack up boom”,...
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What’s Hot, What’s Not Looks Like Early-2008

Posted on February 27, 2011 at 3:09 pm
Tim Iacono While one week does not a trend make, the results for asset classes over the last few days as reported in the Wall Street Journal’s What’s Hot – and Not update looks an awful lot like early-2008, when the only things going up were commodity prices – and they went up a lot. The situation in Libya looks like it will get worse before...
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And The Free Membership Goes to??

Posted on February 27, 2011 at 3:05 pm
If you’ve been watching Tim Sykes’ free microcap profit videos, you may be wondering who won the free memberships in his new program. Well, I just got word from Tim that he read through hundreds of great comments and questions, and the competition was intense.  Last night he narrowed it down and chose the three winners, and it looks like...
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Financial 2011 Tipping Points

Posted on February 26, 2011 at 12:39 pm
By Gordon T. Long of Tipping Points H/T Zero Hedge 2011 Tipping Points (pdf) Throughout my 2010 article series “Extend & Pretend” and “Sultans of Swap” I stressed that we were rapidly moving from the Financial Crisis of 2008, through the Economic Fallout of 2009 -2010, towards a Political Crisis in 2011 -2012. We are...
Filed in: Market News

THE SPX, OIL, SILVER, & GEOPOLITICAL RISK

Posted on February 25, 2011 at 4:43 pm
“You can’t lose what you don’t put in the middle.” Mike McDermott, Rounders While this week was shortened due to the President’s Day holiday, it has been quite a ride for traders and investors. The 24 hour news cycle certainly intensifies current market conditions as any news focusing on oil or the Middle East protests moves markets. Thursday...
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Watching Gold Price Action Closely

Posted on February 25, 2011 at 2:30 pm
By: Scott Redler Of T3Live Gold gave us a few good entries since early February; from February 3rd through today gold has run almost $100 higher! Silver has even outperformed, extending to new highs. Both precious metals, however, have begun to pull off a bit. After such big runs, a little bit of rest should not be a surprise. FREE Weekly Gold Updates...
Filed in: Gold

SPECIAL $100 OIL ISSUE

Posted on February 25, 2011 at 10:40 am
My Victory Lap on Oil. One of the boldest predictions that I made in my January 6 asset class forecast for 2011 was that oil would soon hit $100/barrel (click here for the link). My precise words were “Probably $30 of the current $90 price reflects monetary demand, on top of $60 worth of actual demand from consumers. That will help it grind to $100...
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by Elliott Wave International Have you ever been at the ocean body surfing, just waiting for that perfect wave? When you begin to truly feel it, your adrenaline starts pumping. I came to work for Elliott Wave International in the late 1980s — before the Internet, before ETFs, before smartphones....
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Economic Growth Revised Down to 2.8% Rate

Posted on February 25, 2011 at 10:26 am
Tim Iacono The Commerce Department reported that fourth quarter real economic growth in the U.S. slowed from an annual rate of 3.2 percent to 2.8 percent on broad-based downward revisions. This came as something of a surprise to analysts as consensus estimates were for upward revisions to about a 3.4 percent rate. Both government spending and consumer...
Filed in: Market News