Like it or not, we are heading straight into the Christmas season and soon it’ll time polish our silverware. Which incidentally has lost quite a bit of its luster over the past few years and it’ll take a lot more than toothpaste and elbow grease to regain its former glory. Over the last year a valiant attempt to turn a long term down trend came to a halt near the upper 25-month Bollinger early last summer after which silver reversed over 50% of what it had gained in the first half of the year.
However I believe it’s time to start paying attention again for two reasons: First the weekly Bollingers are increasingly tightening and secondly silver is now [...]
No worries, I am going to spare you the MC Hammer video today as I think you guys have suffered enough lately. But it is time to swing the hammer as the iron looks pretty damn hot to me. Of course given the market limbo we are still facing with nine more days to go until the election it is quite possible that this setup will once more find itself on the ash heap of trading history. But we just don’t know, do we? You may just take a look at the current configuration a few weeks from now and after a facepalm lament why the heck you didn’t go short here. Or the perhaps opposite – this was nothing but another sideways correction – I knew it! Yes, in hindsight it [...]
Try try again! But obviously one must draw a firm line between becoming obsessive in chasing the tiger’s tail and being able to pull the trigger when the odds appear to be in our favor. Which is only possible if we have defined a clear set of rules ahead of time which clearly define what is considered an entry opportunity and what is not. So let’s see what we’re dealing with today:
You already know the answer to that: Buy Property. It’s an old truism that everyone active in the financial market seems to know but at the same time rarely anyone appears to be capable of following. Don’t blame yourself – it’s simple human nature. Something out of the ordinary happens and immediately fear sets in.