S&P500 Bearsih Setupprice moved up without volume support, price rise with low volume. suspect down move to retest bottom.
Gold-stocks
Gold poised to make new ATH in 2020- But the basis of banking is credit, is it not?
- Not always. That is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
Testimony of J. P. Morgan before Congress, December 1912.
Chart says it all. From the printing press to the stock market to precious metals. You know the drill.
This post was not sponsored by Peter Schiff.
KINROSS - To Make A Big ComebackA look at Kinross Gold Corp monthly chart shows potential for some big upside. Solid volume coming in - supporting the impulse move, and making a case for a continued break out rally.
Remember the stocks that did well in 2008? It was the gold miners that were the big winners in times of fear, uncertainty and doubt. This is one of the only are negatively correlated sectors out there, and so a great way to diversify risk. With the tech and financial sector leading the current sell-off, its only a matter of time before the market starts to make big moves into safe haven markets.
Additionally, the sector is trading at a very nice discount from all time high, and present an attractive hedge against global economic slowdown, as well as the speculation that gold price will rise during this time, which i believe is coming soon.
If Gold can finally get the breakout of $1,300, we will see a massive re-evaluation in the top tier gold mining companies. It will happen quickly, and quietly, same as "08, so its definitely time to start mixing this sector into the portfolio, and KGC is a solid contender for that spot. Showing all the signs you want to see in terms of TA bottom, and I can see a potential 3x return coming, with a target price of $10 and $15.
Best of luck, hit thumbs up.
Market Health Update 12/14/2018 (Nasdaq, WTI, Gold & EURUSD)Good Morning Traders! Raphaël Comte from Traders Profit Club sharing a short review of Nasdaq, WTI / US crude oil, Gold and EURUSD before the opening of the NYSE!
I will be live at 9:00 AM PST with Naeem Al Obeidi, the founder of Traders Profit Club! Make sure to be there if you want know more about the future has planned for us!
Hope to see you soon and trade safe!
MCF Lookin Good. Sketch, But Strong Support. Mech Long Anybody?So, I like MCF. Good ol' t3mpoz at Crypto Traders TV just was looking at it. Thanks to him, I think I have me a trade. .25 is entry, well a little below, a little below 0 stop, 1 is final target to let rest ride in profit. Mechanical setups and the hidden pivot method developed by Rick Ackerman have changed my trading my friends.
Trading levels for 10/04/2018Price actions suggest that sellers are stepping in everytime bulls try to move higher, short term that is not a good sign, therefore we might see some continuation to the downside this week or maybe next week, i feel that if we break 7630 we can see price moving down to the ascending trendline.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Global-Review / May 4th : the SPX VIX GOLD YEN quartet !Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
XAUUSD ShortIf the stock market slump continues, this pair will more likely go down further especially it has started to form a head and shoulders pattern in the daily chart. Setting up sell stop order @1316 with TP @1300 and SL near latest daily high @1325. Must be careful though because this pair is sensitive to US Fed news, and looking at the weekly chart, there's still a possibility that it will breakout on the upside instead.
www.dailyfx.com
www.dailyfx.com
Daily
Weekly
Confidence: B (a bit risky, monitor closely; depends on any news about market tightening esp US Fed Rate Hike, which affects both stocks and gold)
Reddcoin - Price Predictions - We need to take this seriouslyReddcoin could have a bright near-future. with constant growth of this new market its only a matter of time Reddcoin follows the footsteps of its fellow alts. Promising news has come out establishing Reddcoin as a player in the marketplace. Anything can change at any time. If we play our cards right we can time some massive profits at the beginning of a bull run!
HECLA mining longterm buyHecla Mining Co looks set up for a longterm bull move. Gold has been falling for a while but I believe a buy opportunity is on the horizon so hopefully Hecla ride the bull-wave when it comes.
Gold/Stocks ratio: Risk off rally?It appears like we're about to see a pullback in equities, or at least a rally in gold and silver, and a pullback in the dollar here. It might have to do with the Italian referendum as well, but we'll know soon enough.
Breaking this trendline would signal risk off sentiment, further validating the gold and silver long ideas I've posted.
What I'm not sure of yet, is the extent of the rally to come, and wether it is part of a retracement in a long term trend that has turned down (this is possible), or simply the market is sideways and trendless (forming a giant consolidation or sideways pattern, or even a triangle).
You can set alert to know when (if) this trendline breaks, set it to 'crossing up', 'once' using tradingview's handy alert system.
Once CCI hits +100, we might get a set up to flip short gold, on weakness, so we have to remain vigilant as gold approaches the 1240-1250 zone.
Good luck,
Ivan Labrie.
Gold/Stocks ratio: Long gold, close equity longs/find shortsThis ratio gives very timely signals as to when to more optimally switch between risk on or risk off biases.
It's clear that we can long gold, bonds and yen now, I'd be careful with equities, at least not going long indexes, or looking for shorts in weaker securities would be my favored approach.
I have booked profits on a few profitable long trades, and reentered gold and bond longs.
Waiting for an optimal entry to long Yen again. I did short it after the BOJ news, but I have covered for now since we found support at the previous lows.
Check my other publication for the suggested long entry and stop locations for gold longs.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
