Sunday, November 27, 2016

US Dollar is due for a correction

US Dollar recently showed strength and just managed to break above the 100 level (USD index).
However we think that it is due for a correction probably below the 100 mark.

A USD correction will ease the pressure off the precious metals.

Sunday, November 20, 2016

Gold: Getting ready to bounce

A quick update on gold.After reaching 1200 gold will probably bounce towards 1260
Below 1190 things will turn nasty for bulls.

Sunday, November 13, 2016

Is copper out of the woods?

The short answer is no... at least not yet!
The current bear market is not over yet.However it seems like copper is entering a horizontal consolidation phase(or bull flag).Needs to react at least temporarily at 2.52. If not then the bear trend is still there.

Friday, November 11, 2016

Gold near a buying zone

Gold after hitting resistance at around 1300 moved fast towards 1220 as we suggested in a previous post(Gold within 2 channels and halfway down the correction)

Gold is currently in wave C of a correction from the recent highs back in August 

 We believe that gold around 1220 is a buying opportunity.
Happy trading! 

Thursday, November 10, 2016

Junk bonds below EMA200. An alert for stock markets....

Today HYG broke below EMA200. This is a very negative event indeed.If HYG does not reverse soon then things can turn really nasty for stock markets.