Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.
Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines for a place to jump in.
Watch the lines for a place to jump in.
money flow rising -waiting for opening confirmation bar get our book on amazon for entry and exit rules with stop loss parameters j hook pattern relative strength good macd crossed cci and percent r in upper ranges good pattern above weekly cloud
Even though there is Rio Tinto's New Boss is welcomed by the market and commodity price is supported are the good news to sell.
mining and petrol sector rallying going long on 6 value stocks currently showing signs of strong momentum Long: $TRQ $SWC $FXC $F $CMRE
VALE5's Fibbonachi looks horrible!!!! Projection at R$ 3 pretty soon. Who share this ???
GG just triple bottomed on the $17 support level. A tight stop just under $17 makes this a low-risk, high-reward scenario.
For the big picture of gold, look at the monthly time frame. What is the story that the monthly chart is telling us? It is showing us that Gold has FAILED to make a new low after bottoming back in November at 109.67: December, January, February, March, April all failed to push new price lows and that is a sign that the sellers are not only extremely patient,...
- Vale jumps today from level of previous low despite weak Chinese PMI data (on the heels of oil break out). - Name heavily oversold on Chinese fears, plummeting iron ore prices, Brazil uncertainties, etc., selling might be overdone. - Deeply undervalued even with depressed circumstances taken into account. - High risk idea as many part of the equation of Vale is...
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support. I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at. Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
Metals & Mining have been underperforming the S&P since August as commodity markets sold off. Alcoa has now entered a downtrend after reaching a double top at 2011 highs near 17 a share. The Bearish divergence between price and MACD also suggests more downside in the new confirmed downtrend. Initial target: 38.2% Fibo retracement at $14 a share