I had to think long and hard about what exactly to post today without insulting at least half my readership. As you know I have kept political discussions to a minimum as a rule here at Evil Speculator. First up it’s awfully distracting and secondly it rarely has any bearing on our core activities which mainly revolve around banking coin and surviving our extended swim in the mirky shark infested waters of the U.S. financial markets.
I just spent half an hour putting together two very juicy looking precious metals setups for you guys when silver suddenly fell off the plate, probably due to Draghi sneezing or passing some type of verbal flatulence. Gold fortunately seems to be less affected and if you act now you may just be able to snag one grade A entry:
I’m waiting a few more minutes for Draghi to finish and if she holds plan on grabbing a long position near 1200 with a stop a few ticks below 1197. However if that spike low gives then the entire formation is going bust and we may actually try a short entry on a retest of the 100-hour SMA.
Otherwise I won’t be doing much [...]
It seems that most forex and futures symbols continue to run in circles ahead of the Friday presidential inauguration and unfortunately I found little to share on that front. Which leaves us only with stock symbols but fortunately I was able to uncover a few goodies.
One aspect I hate about winter, beside the dismal weather of course, is that we seem to hopping from one long holiday into the next. With the obvious result that pretty much nothing gets done. The situation is even worse over here in Spain where we’ve had on average at least one regional holiday scheduled every week. I kid you not. And that list doesn’t even account for Las Fallas which starts on March 1st and gradually turns Valencia into the Mediterranean equivalent of Sodom and Gomorrah by the time it ends on March 19th. I often wonder when those Spaniards actually do work as statistics claim that they work more hours per year on average as the Germans and of course [...]