Gold is trading nicely lower since the start of September after the break through the rising trendline of a corrective channel. We knew at the time that it was an important signal for a change in trend.
So, it will be 100 years on Dec. 23 since the Federal Reserve was born. The purpose in 1913 was to form a regulatory body to help stem the tide of bank failures in the United States of America. How has it done?
All markets go through cycles. Secular or long term bull markets are often interrupted by cyclical or short term bear markets. These short term bear markets often feel like they will never end, but they serve to refuel the bull market.
This coming Friday is a triple expiration. Equity options, index options, and futures contracts will be expiring this Friday. What many call the “Santa Claus Rally” may have more to do with triple witching than whether Wall Street was naughty or nice.
As we come to the end of 2013, it’s a good time to reflect on some of the biggest resources stories of the year. One that immediately comes to mind is the U.S. energy resurgence and its tremendous effect on oil and gas.
If the gold market continues to be in a long-term "super-trend" down on the monthly chart and in a downward trend on the daily chart, there could be an abundance of potential option set-ups in my opinion.
In this series we will share with you the four biggest mistakes traders and investors make that costs them time, money and usually self-confidence when trading stocks, ETFs or futures trading strategies. In part 1 we discuss trading without a plan.
Bernanke is trying to reaffirm us that interest rate hikes are far, far away on the horizon. No tightening is to be seen anywhere soon. But the “tapering” could happen even with a very expansionary monetary policy.