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Gold Struggles Beneath Major Resistance (Chart of The Day 22)

Gold Struggles Beneath Major Resistance   After once again teasing its proponents, Gold appears to be tracing out a short term ROUNDED TOP pattern.  If it completes the pattern, GLD is likely to return to retest its support near last summer’s lows. The case for Gold continues to strengthen from  a fundamental standpoint, but its […]

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A Gusher of Opportunities

A Gusher of Opportunities Sometimes the charts and the fundamentals don’t jive.  The Standard & Poor’s 500 earnings forward estimates for 2019 have been dropping as stocks have been rising.  The market seems to believe that a decent recovery is to begin by the second half of the year. Sometimes, both the charts and fundamentals […]

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Natural Gas Warming Up for a Strong 2019 Rally

General Overview Despite record Natural Gas production, record exports keep a tightening Natural Gas market in play, possibly setting the stage for bullishness medium-to-longer term.  The upside potential looks stellar as NG prices look for support near this level 250’s/268 area.  I believe that buying will push this market up substantially this year, possibly above […]

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The Importance of Setting Trading Limits

The Importance of Setting Trading Limits On Social Media, many of our recent posts and predictions have been questioned.  There is doubt that an asset bubble, or series of them, is forming.  Most analysts still believe that interest rates will be unchanged.  In contrast, we recently made a case for the potential of an immediate […]

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Golden Opportunities

Golden Opportunities Gold enthusiasts have waited YEARS for their day to come.  But it never does.  For the last 5 years, Gold has traded in a fairly narrow range with the high being about $1370 and a low of, a bit above $1000.  Will this run up be different? We have been prematurely BULLISH on […]

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Corn Bulls Rejoice! I Believe Your Time Has Come.

Corn Futures have spent many years in the doldrums. It seems like there have been myriad opportunities when there might have been some underlying strength building over the years in the market. All to no avail. However, this might be changing at this juncture. When the stocks-to-use ratio of this market is at record low […]

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Federal Reserve To The Rescue?

The Fed’s Functions Since it was established in 1913 to be the Central Bank of the United States, the objectives of the Federal Reserve have changed.  Originally, the main job of the Fed was to enhance economic and price stability to lessen severe economic swings.  Since then, its mission has been amended over the years, […]

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Gold Approaches Major BUY Zone (Chart of the Day 12)

Will This Time Be Different? Precious metals have disappointed their fans and enthusiasts for YEARS.  After peaking at about $1900 per ounce in 2011, Gold is still 1/3 lower 8 years later. The 2011 runup was the result of inflation fears from Quantitative Easing (QE) by the Federal Reserve.  QE was the program of massive […]

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Precious Metals Puzzle (Charts Of the Day 7).

Gold Strengthens As Inflation Weakens?   Gold appears to have formed a bottom of sorts, but the reason is a bit of a mystery. Precious metals have proven to be a durable LONG RUN hedge against the ravages of inflation and other financial crisis. However, Gold lost much of its luster in that regard after […]

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Are We Heading Straight into Global Deflation?

Commodities, Led By Oil, Make New Lows Crude Oil is an input into producing virtually everything, including itself.  It takes oil to transport, refine, drill or pump oil.  Energy is a large portion of the cost of just about everything. West Texas Intermediate Crude Oil closed at $46.60 yesterday, a 40% drop since October.  The […]

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