Oil Price.com January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional Gann angle support is at $99.36 this week. The next important upside target is a downtrending Gann angle at $101.23. The $99.36 to $99.99 combination should act as a pivot zone, controlling...

Courtesy of ZeroHedge. View original post here. Submitted by Charles Hugh Smith from Of Two Minds Why Isn’t Anyone Talking About Writing Off 3 Trillion Euros of Bad Debt?   The only solution to bad debt is to write it off–renounce it all. Why aren’t those who took the risks for their own private gain being forced to absorb the losses? We...

By Jeff Clark, BIG GOLD Most gold followers know the metal has a seasonal tendency to perform better in the fall and winter than in the spring and summer. Indeed, since 2001, the annual high for the gold price has occurred after Labor Day every year except two (2006 and 2008). Further, that peak was hit in November or December in seven of the last...

We all better hope I’m wrong on this one, but I think the CRB just put in its three year cycle low in October. I’m also afraid that Bernanke has done irreparable damage to the dollar. If I’m right about both of those assumptions then we are on the brink of a historic inflationary period. I’ve marked the major three year cycle...

By Eric McWhinnie On Monday, banking giant Goldman Sachs announced it is staying long gold.  Due to low real interest rates, slower US economic growth, and rising debt, the bank has also raised its gold forecast for 2012. The report by Goldman states, “We expect gold prices to continue to climb in 2011 given the current low level of US real interest...

Back in August we wrote a piece titled: The Catalyst for Consolidation in the Gold Sector. We noticed that the large cap producers had begun to outperform the rest of the sector which consists of small producers, developers and explorers. Risk aversion, the Euro debt crisis and a struggling stock market has contributed to the continued underperformance...

by Karl Denninger http://www.cbsnews.com/video/watch/?id=7388130n&tag=contentBody;storyMediaBox and… http://www.cbsnews.com/8301-504803_162-57323518-10391709/questioning-pelosi-steve-kroft-heads-to-d.c/?tag=contentBody;listingLeadStories Insider trading by Congress; I’ve been covering this since The Ticker began.  It’s legal for...

If you’re confident in your ability to trade… … then I want to make sure you see this new presentation. In it, you get all the information you need to trade the same Million Dollar Method Andy used to turn $1,600 into over $1.4 million in 5 months this year. Click here to get all the technical details of his Million Dollar Method. The...

At the beginning of this week I warned readers that the market was extremely overbought and that a top could be forming. While it is still unclear whether a major top has formed, it is without question that we saw a major correction on Wednesday as yields on Italian debt caused margin requirement adjustments at the London Clearing House. I generally...

Crude oil was THE commodity to trade back in 2007-2008 when prices rocketed above $145 per barrel then dropped like a rock all the way back down to $35 per barrel leaving many investors and traders either greatly rewarded or dead broke. Since then the focus of the world has moved to gold and silver as currencies spiral out of control with more and more...

David Banister- www.MarketTrendForecast.com Back on October 3rd, I penned a public article forecasting a major low in the SP 500 to occur around 1088.  The SP 500 had been declining from the 1370 highs this May and was in the 1130’s and nearing its final descent in a corrective pattern.  The next day, the market bottomed intra-day at 1074 and...

Fallond Stock Picks There was little change in the weekly picture as Large Caps continued to put their best foot forward, while Small Caps and Tech indices remained pegged by their respective ‘bear flags’ The Russell 2000 spent another week stuck under 760 and kept a potential of a bearish head-and-shoulder pattern in play. For this to be...

by Tyler Durden This is Jim O’Neill in about the most pessimistic light that his genetic makeup, not to mention GSAM employment contract, will allow him: What Was the Most Important Thing This Week? So once again, what a week. To most people, there has only been one thing that has mattered, Italy. I have been conducting a small poll throughout...

High Chart Patterns We’re basing and filling in the handle — the more we test it the greater the chance of a break-out.   That being said everytime the bulls have been excited for a break-out they’ve been smashed over the head, but seasonality is bullish and patterns are looking better.  $SPY 127.4 zone/top of channel/200sma will be the test...

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