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Success at financial spread trading using simple price and volume indicators.
Recent Posts Tagged With 'gold stocks'
Gold unfolds
This is truly a lovely looking chart to a technical trader like myself. Notable features are the supportive 50day moving average since 2005, breakouts at about $460, $730 – slightly rebuffed at the $850 area (old 1980 high resistance) then on...
Short term gold picture
Newmont, the Gold ETF (GLD) and gold itself have completed rally’s and (potentially) bearish pennants on the weekly charts. Gold may face selling pressure in the short term as price meets overhead resistance. Also there are a couple of contr...
Reversal day
Today, sentiment shift, time to re-enter long side trades. Possible Dollar reversal. Large gains today bode well for coming weeks. Prices likely reached basing levels. Will power higher from here. SSRI $6.31 IEZ $29.00 GDX $18.09 BHP $33.86 &...
Couple of interesting charts
This line term chart shows the relationship between gold and gold stocks - with even more negative real interest rates as of today - gold is supported and the downside already priced into gold shares, short term low in? This is an easy trade. Tech...
Extra-ordinary selloff
Silver and gold stocks getting battered again today, SSRI down 16%, on the day - the biggest one day fall I can remember, possibly if ever in this stock, holders will be in need of its namesake. This is beginning to look overdone. I am not feelin...
Commodity Bull sees red
This past week saw the biggest fall off in prices in the precious metals since the start of the decade - but even now there could be further downside. The upside is that gold stocks are resting on weekly support / 200 week moving average. Versus go...
Friday roundup
Yesterday saw the March rollover for Coffee (Arabica) on finspreads.com - the trade was set to ‘autorollover’ so the profit was banked on my open coffee trades of £1,299 and new trades opened in the May coffee (still 7pp). Up to 162,00 ...
