Jordan Roy-Byrne, CMT  | In bull markets, corrections and consolidations are needed to periodically cleanse the market of extreme optimism and an overbought condition. After a market has strong run it inevitably reaches a point of resistance. This is where there are more buyers than sellers.  A market can correct in two ways. Either it declines and...

By JW Jones – OptionsTradingSignals.com The current trading environment is one of the most difficult that I can recall in recent memory. Risks abroad regarding the European sovereign debt crisis is keeping market participants on edge as headline risk seemingly surrounds traders at every turn. In addition to the risk posed by Europe, the market’s...

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%. The crazy thing about all this is that these types of moves...

By Jeff Clark, BIG GOLD I’ve told more than one concerned investor that when the gold price falls, they should “come back in three months” and see if they’re still worried. The idea is that the daily and monthly gyrations are nothing to fret over, that the price will recover and, in time, fetch new highs. That advice has worked...

Many people still talk about a “recovery,” or at worst only see a possible double-dip recession. But what if the mistake was to think the economy was only in a recession in the first place? It can’t “double-dip” when it never truly recovered: “The respite following the 2009 stock market low is not a new expansion....

Courtesy of Karl Denninger, The Market Ticker Uh, that last story about Barnhardt exiting the business? You better think again if you think you’re not at risk.  You are. LONDON — The London Stock Exchange is becoming the lender of last resort for many banks in Italy as concerns over the country’s debt levels squeeze liquidity out of the Italian...

Tim Iacono Central bankers in the U.S. and the U.K. are no doubt shaking their heads at the reluctance of the European Central Bank to crank up their printing press and buy bonds for the greater good. Here’s the latest from Reuters on the never ending debt crisis across the pond. Get your FREE GOLD Bullion Weekly Report sponsored by NYSE A Reuters poll conducted...

by Karl Denninger Damning with faint praise comes to mind…. The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, remained positive for the second consecutive month, but it decreased from 8.7 in October to 3.6 (see Chart). Indexes for current new orders and shipments showed a similar pattern, remaining...

Andy, a self-made millionaire trader, is offering to let… You trade alongside him… Learn everything about how he trades: his system, risk management, everything… Coach you AND have his personal trading coach work with you… … for the next 90 days, risk-free.  If at any time during those 90 days you decide it’s not for you, then just...

I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only the beginning of a 30 fold rise in prices similar...

Tim Iacono The Commerce Department reported(.pdf) that housing starts fell 0.3 percent in October to an annual rate of 628,000 units and permits for new construction (a key leading indicator for the industry)  jumped 10.9 percent to a rate of 653,000, however, as shown below, residential construction remains in a deep funk, current levels of home...

Courtesy of Mish Banks keep investors in the dark on trillions of dollars of derivatives risk by only reporting net exposure. Here is a net exposure example to show what I mean. Suppose I owe my sister Sue $250,000 and Uncle Ernie owes me $250,000. My net position would appear to be zero. But what if uncle Ernie is bankrupt or simply will never pay...

by Karl Denninger A gentleman who has occasionally popped up on the forum unmasked himself the other day and was interviewed in the “mainstream media” – ABC News’ European desk. ALBERICI: “How certain are you that UniCredit broke the law while you were there?” JONATHAN SUGARMAN: “A hundred per cent certain and to use...

Great news. By now you know about Andy Man’s stellar performance in 2011. He turned $1,600 into over $1.4 million in 5 months, and he paid himself a $329,260 income from his trading account. All while trading part-time and working his full-time job as an engineer. Well, starting tomorrow, Andy will start sharing his trades as he makes them in the...

By Marin Katusa, Casey Energy Opportunities Let’s begin by positioning the sector. Investing in a pipeline company is similar to investing in a utility: Like electricity providers, pipeline companies operate in heavily regulated environments, and once they are up and running, pipeline operators enjoy stable cash flows from long-term contracts. In...