Gold Set for a Huge Breakout

  • Posted by on July 25th, 2012 at 2:29 pm
  • Comments: 0

Gold ($GC__F $GLD) is coiling for a monster breakout to the upside:

Meanwhile gold miners ($GDX) continue to act like a monster breakout to the upside is possible:


  • A Rapid Fall in the Euro is Needed to Save the Eurozone
    Posted by on July 25th, 2012 at 7:43 am, Comments: 0

    For the last two years I have posited the idea that a large decline in the euro is necessary to increase the competitiveness of the [...]

  • The Chart of the Day
    Posted by on July 24th, 2012 at 3:53 pm, Comments: 0

    Implied volatility in $GLD options has spiked higher by over 15% since Friday’s close as market participants brace themselves for a big move as the [...]

  • Coming to a Head
    Posted by on July 24th, 2012 at 9:56 am, Comments: 0

    The tension is building, can you feel it? Spanish bond yields are soaring to euro area all-time highs and CDS on Spanish debt is blowing [...]

  • A Curious Equilibrium
    Posted by on July 23rd, 2012 at 9:21 pm, Comments: 0

    Given the multitude of counterbalancing forces currently impacting global financial markets it seems somewhat fitting that the S&P 500 ($SPY $SPX) ended today’s session exactly [...]

  • Nothing Like 2011
    Posted by on July 23rd, 2012 at 1:17 pm, Comments: 0

    During the last couple of weeks much has been made about the comparison to July-August 2011. With this morning’s ugly action, more eurozone worries, and [...]

  • Sage Weekly Letter – 7/22/2012
    Posted by on July 22nd, 2012 at 3:49 pm, Comments: 0

    Last week really began on Tuesday morning with the Fed Chairman’s testimony to the Senate Committee on Banking, Housing, and Urban Affairs. Bernanke highlighted the [...]

  • Potential Catalysts for Gold
    Posted by on July 21st, 2012 at 11:38 am, Comments: 0

    One doesn’t have to be a master technician to see the energy building in the gold chart as price coils near the center of the [...]

  • StockTwits Premium

    The Golden Triangle
    Posted by on July 20th, 2012 at 4:56 pm, Comments: 0

    Today is my 33rd Birthday:   Given that gold is forming a large descending triangle  and $GLD August options are pricing in barely more than a 3% [...]

  • Momentum vs. Value Investing
    Posted by on July 20th, 2012 at 9:01 am, Comments: 0

    In equity markets there are a few timeless debates that will never go away. We all know about the constant struggles between fundamental and technical [...]

Powered by WishList Member - Membership Site Software