From the category archives:
We’ll have to see where gold ends, the day, but it started the morning strong. Strong enough that I made new recommendations for Red-Hot Commodity ETFs and Red-Hot Global Small-Caps. Then gold turned lower. Dang!
These positions are small and we’re using stops, so if the market turns against us, it won’t hurt that much. And meanwhile, [...]
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We know that the relationship between gold and the dollar has changed. It used to be that gold moved opposite (inverse) to the U.S. dollar; now they tend to track each other. What changed?
A recent report in Bloomberg says that the dollar’s inverse relationship with gold reversed as the global recession deepened, increasing the appeal [...]
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I just recorded an interview with Phil at HoweStreet.com a few minutes ago. You can listen at:
http://tinyurl.com/c6rjxc
Here is the MoneyandMarkets.com column we talk about: 5 Rally Killers and How to Profit From Them.
And there’s more bullish news on gold …
Demand for gold surpassed $100 billion last year for the first time ever, amid increased industrial [...]
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Gold? ZOOM! Silver? ZOOM-ZOOM! Both are heading higher today, making the timing of my new MoneyandMarkets.com column all the better…
Gold and the Fear Trade
There are some great charts in my MoneyandMarkets.com column today, so I highly recommend it, and not just because I wrote it. And there are new developments. In the column, I talk about [...]
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I think we could see a short-term pullback in gold, which would be a great opportunity to add to long positions.
Let’s look at the charts. First, the daily chart of gold …
And now the weekly chart …
I gave my Red-Hot Global Small-Caps subs a more detailed analysis. Here’s an excerpt …
The interesting thing about gold recently [...]
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Gold soared this morning, so I feel vindicated, if not fine.
You saw the gold chart I posted yesterday. Today’s chart is more of the same, only with surging volume, as gold rises to a 3-month high.
That’s usually a bullish sign. The question before us now is, is this a real breakout or the mother-of-all fakeouts? Remember, [...]
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Bloomberg reports that Barrick Gold (ABX: 43.98 -0.36 -0.81%) boss Peter Munk sees a “frightening trend” in gold …
Munk, founder of Toronto-based Barrick, the world’s largest gold producer, said he has received an increasing number of calls from wealthy investors looking for ways to buy bullion. While that is positive for the metal market, it is [...]
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Chart of the ever-lovin’ day …
This chart is just the beginning of the new report I just sent to my Red-Hot Global Small-Caps subscribers, “3 Red-Hot Picks From Vancouver.” If you’re a subscriber, look in your in-box. If you’re not a subscriber, you can change that pretty quickly and act on these three recommendations immediately: click [...]
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I’m busy getting ready for my trip to Vancouver and the 2009 Vancouver Resource Investment Conference this weekend. So I’ll keep this brief.
First, a chart of Agnico-Eagle Mines (AEM: 60.81 -0.90 -1.46%). This will be of interest to my Red-Hot Global Small-Caps subscribers as well as anyone who bought by “Golden Parachute for 2009″ report …
Gold [...]
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Yesterday I added some positions to play a potential rally in the U.S. dollar and short-term decline in gold. Let’s look at some of those trades …
(UUP: 22.44 +0.09 +0.40%) aims to track twice the daily movement in the U.S. dollar versus a basket of currencies. Yesterday was a good day to add it. It [...]
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