This myth shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help us make sense of the present and prepare for the future.
Dr. Doom sounds more dire than ever...and with good reason. As a college instructor and business writer, Nouriel Roubini has been a personal favorite since properly predicting the real estate and resulting financial fiasco. However, this book takes everything to the "next level".
After exiting all long positions at 1217.72 on 5/18, we reinstated long positions seven days later on 5/25 at 1196.57.
As many of you know who watch my videos, we use our weekly "Trade Triangles" for trend direction and our daily "Trade Triangles" for timing entry and exit points. It was those daily "Trade Triangles" that flashed a buy signal on 5/25.
Given the chaotic state of the world and all the cross currents that are running in the banking system, we would not be surprised to see gold once again climb up and challenge the $1,250 level. All of our "Trade Triangles" are green and 100% to the upside. This indicates that a strong trend is once again in place for the gold market.
The video is available for viewing now and there is no charge or registration requirement.
Gold traders are always a very vocal segment of the trading population and so we encourage you to let your voice be heard on our Trader's Blog.
As everyone in the Western World knows, Europe has been having its share of major problems. All of Europe’s trials and tribulations have had a dramatic affect on the performance of the euro, recently putting it under severe pressure.
Unlike the United States, where we can print money and inflate ourselves out of most problems, the Eurozone is accountable to the 16 nations who gave up their own currency to join.
In our latest video we'll explain how our "Trade Triangle" technology has been very accurate since the beginning of the year for the euro. Although we've nailed the market thus far, it leads to the big question: Have we seen the euro bottom out?
We hope our new video answers that question and highlights some of the reasons why we believe we could be seeing some strong opportunities in this market.
As always the new video is available for viewing now and there is no charge or registration requirement. Please feel free to leave a comment on this video and where you think the euro is headed.
Watch the Trailer for 'Wall Street: Money Never Sleeps' debuted at the Cannes Film Festival on Friday and the reviews are, well, somewhat sleepy......We'll be the judge of that!
Perhaps no other market in the world elicits such emotion and passion than the world's gold market. One only has to mention gold, and theories just come out of the woodwork in regards to conspiracy, market manipulation, and a host of other less than savory subjects.
So what's a trader to do?
Regardless of how you feel about gold, this market presents some great trading opportunities that you can capitalize on using our "Trade Triangle" technology.
Now, hard core gold bugs will not subscribe to this method of trading as they prefer to buy physical gold and hold onto it or bury their bars in their backyard, and to be honest with you, there is nothing wrong with that belief.
I've been asked to update our outlook on gold, so I thought that today I would make a short video to share with you some of the points I see in the current market.
As always, our videos are free to watch and have no obligation. The only thing that we ask is that you share your views on our blog. The views can be bullish on gold or bearish on gold, the choice is yours to make.
As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live. A lot of money changed hands last week and you either lost a bundle or made a bundle…
I did send out some charts and a video on Thursday night about the market crash/recovery if you have not seen it. It’s called “Stock Market Micro Intraday Crash Shows Us Where The Safe Havens Are”.
Below are my ETF charts for the commodities and index I actively follow and trade.
GLD – Gold Bullion ETF – Daily Chart GLD is a great ETF to trade as it generates 10-20 quality low risk setups each year for subscribers. The chart clearly shows the large rally in late 2009 and the correction as it formed patterns moving from a down trend – base – and back to an uptrend.
$USD – US Dollar Index – Monthly Chart This weekly chart I think shows some serious potential for gold and silver prices. The US Dollar is now trading at a key resistance level which I think it will have a tough time moving higher. The dollar has been moving up for several months and looks ready for a pullback or at least a pause. If the dollar starts to roll over in the next few months then we should see gold and silver move substantially higher.
SLV – Silver Bullion ETF – Daily Chart Silver like gold bounced off a key support level last week as investors started to buy silver as a safe haven. Gold moved up sharply on the day of the intraday market crash while silver traded sideways for a day before joining the party. The following day investors starting buying up silver because it was lagging its big sister “yellow Gold”.
USO – Oil Fund – Daily Chart Several weeks back I posted this chart showing how volume was drying up as oil tested resistance on declining volume. This indicated to us that once/if the price started to roll over it would trigger a sharp sell off as short term traders who bought in anticipation of a breakout to the up side sold out of their positions once support was broken. This is what caused the heavy volume and sharp price drop.
SPY – SP500 INDEX Trading ETF – Daily Chart It’s tougher now to read the index charts as last weeks heavy volume market crash could be seen in two very different ways…
One – We are starting a correction and had a jump start with the human error of selling billions of dollars worth of investments instead of millions prematurely pushing pulling the market down to a level where I think it should/will test again before moving up.
OR Two – This extremely heavy sell off is just the start of what is to come....
Since the government owns the largest banks and the banks are unloading/selling massive amounts of shares calling it an error how do we know it’s not a scam for them to completely short the market in anticipation for a collapse which would make them unheard of amounts of money as the market drops… It is tough to trust anyone sitting up there in those power positions after everything they have been caught for already…
I personally think we could see lower prices in the coming month then the market will bottom and we will see new highs for 2010.
Weekend Commodity & Index ETF Trading Strategy Conclusion: Stepping back and looking at the above charts it looks as thought we could see stocks and commodities digest the recent moves. In short, gold and silver have rallied strong and now trading near resistance. Oil dropped last week and is now trading near a key support level. I feel it the market will trade sideways and stabilize before for a while as the SP500 had that crazy drop last week and now the market is in shock. I figured it would see 3-4 weeks to reach those prices yet it happened in 1 day so now the market could do very little for 3-4 weeks…
The US dollar is something we will be watching more closely because it’s trading at key resistance level. In the past it has taken a month or two for a rally to roll over and head back down. This could play out very nicely if the dollar tops and the rest of the market trends sideways to digest the recent moves. Once the dollar starts to fall it will provide fuel for the next rally in both stocks and commodities.
Peter Schiff, president of Euro Pacific Capital and author of How an Economy Grows and Why it Crashes, argues that the credit problems that plagued Greece will happen here and the U.S. dollar index will sink.
It would seem that investors and traders cannot get enough of this stock. Yesterday it came as no surprise that Apple announced huge earnings, over three billion dollars, just about the same as Goldman Sachs. Now who could have predicted that just a few years ago?
So is this the beginning or the end Apple's record earnings?
In this very short video, we will show you what our targets are for Apple and how our "Trade Triangle" technology absolutely nailed this move. No matter what happens to this stock, our "Trade Triangle" technology has a winning edge that you can watch in our new video.
Enjoy the video and as always please feel free to leave a comment.
In this new video, we show you how this market is setting itself up for a large move to the upside. We'll also point out that we don't think this is going to happen tomorrow. The video is about two minutes long and we think it will give you a great insight into the past and future of this particular market.
As always, our videos are free to watch and there are no registration requirements. Please feel free to leave a comment and let us know what you are thinking about the direction of gold.
We owe trillions of dollars, but Crude oil is at $86 a barrel, the DOW, S&P, and NASDAQ are making new highs almost everyday and unemployment is officially at 9.7%.
Everything is great! Happy days are here again... Right?
So is the DOW, S&P, and NASDAQ all going to keep going higher forever? Or are the teachings of a dead mathematician going to reverse this juggernaut of a market?
In our new video we show you exactly what we mean and how the these indices could be very close to a very important tipping point.
This is without a doubt, one of the most important videos we have ever made and if you are concerned about your financial future, you don't want to miss it.
As always, our videos are free to watch and there are no registration requirements.
