2009-06-26

S&P 500

50 and 200 day MA made a cross. Price bounced from both 50 and 200 day MA.

However, potential Head and Shoulders top could be forming in S&P 500. If H&S pattern is complete, target is 825. Confirmation is ~ @880 level.

But do not forget H&S is not complete, until is not complete :-)

2009-06-19

Now that's flip flap?!?!

Disaster Averted, But 'Dr. Doom' Still Sees Grim Economic Outlook
http://finance.yahoo.com/tech-ticker/article/266764/Disaster-Averted-But-'Dr.-Doom'-Still-Sees-Grim-Economic-Outlook?tickers=%5EDJI,%5EGSPC,SPY,DIA,TLT,TBT,UDN

Readings

Ron Paul doesn't like socialized medicine
http://themessthatgreenspanmade.blogspot.com/2009/06/ron-paul-doesnt-like-socialized.html

HUI - Daily status
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/FqsMIESw8Tw/hui-daily-status.html

Tsunami of Treasury issuance next week
http://interestrateroundup.blogspot.com/2009/06/tsunami-of-treasury-issuance-next-week.html

Is gold now in take-off position like the Nasdaq in 1998?
http://arabianmoney.net/2009/06/19/is-gold-now-in-take-off-position-like-the-nasdaq-in-1998/

Gold sold from vending machines in Germany
http://realitylenses.blogspot.com/2009/06/gold-sold-from-vending-machines-in.html

Gold and Gold miners: High probability of Reversal from current correction.
http://sufiy.blogspot.com/2009/06/gold-and-gold-miners-high-probability.html

Forex Fridays
http://bonddad.blogspot.com/2009/06/forex-fridays_19.html

Thursday Oil Market Round-Up
http://bonddad.blogspot.com/2009/06/thursday-oil-market-round-up_18.html

Spot Gold -- Not Just a Simple Trendline
http://feedproxy.google.com/~r/trendandvalue/~3/DLgwyy25lGA/spot-gold-not-just-simple-trendline.html

In Bulgarian

БДЖ 15-годишен монопол
http://ikonomika.org/?p=2613

Off topic:

Flash indexing with external resource loading
http://feedproxy.google.com/~r/blogspot/amDG/~3/uuagw3-twiA/flash-indexing-with-external-resource.html

Reconsideration requests: Now with notifications
http://feedproxy.google.com/~r/blogspot/amDG/~3/59010EKEMyY/reconsideration-requests-now-with.html

Success
http://chrispycrunch.blogspot.com/2009/06/success.html

2009-06-08

EURO results


ГЕРБ - 24.48 % - 5 деп.
БСП - 18.59 % - 4 деп.
ДПС - 14.21 % - 3 деп.
Атака - 12.01 % - 2 деп.
НДСВ - 8.00 % - 2 деп.
Синя коал. - 7.99 % - 1 деп.
Лидер - 5.73 % - 0 деп.
РЗС - 4.69 % - 0 деп.

Readings

Forex Fridays
http://bonddad.blogspot.com/2009/06/forex-fridays.html

JimRogers On CNBC 6/4/09
Part 1/4
http://www.youtube.com/watch?v=sjsd4hbFArM&feature=related
Part 2/4
http://www.youtube.com/watch?v=ePPxTP_Ms5I&feature=related
Part 3/4
http://www.youtube.com/watch?v=Glcj_besuy8&feature=related
Part 4/4
http://www.youtube.com/watch?v=4Mttt0YYXDs&feature=related
President Obama’s message to the Middle East
http://arabianmoney.net/2009/06/07/president-obamas-message-to-the-middle-east/

Market update by Clive Maund
Silver
http://www.safehaven.com/article-13542.htm
Gold, USD
http://www.safehaven.com/article-13543.htm
Oil
http://www.safehaven.com/article-13538.htm

EUR 4h Euro broke up channel. However the channel may not be "brawn" correctly.

Gold 8hThe gold broke up channel, now the move must be up, but the trend will be down, at least for a while.

Gold 1hSame as previous chart.

2009-06-05

Student loans

http://www.defaultmovie.com/

Test

Test

Gold 4h and 1h

Gold 4hOn 4h chart we see that gold raised as we suspected :) However there are some resistance on $982 level. I believe the gold will stay inside the channel, but I am not 100% sure i

Gold 1h, scenario 1On 1h chart we have two scenarios. Both of them are related to short term downtrend. Difference is only how the trend lines will be placed.

So we have downtrend channel with the brown lines. Upper boundary is not yet broken, even appears to be. Price will go down. However the blue line from 4h chart is support, so finaly we have a triangle made from blue line as bottom and upper brown line as top.

If price go down, I expect to go no lower than ~ $962.

Then price will go up and eventualy break the triangle (if not happen instantly, will happen second or third time).

After that gold @ $1,000 will be real possibility :-)

Gold 1h, scenario 2Second scenario. I believe here the lines are priced better, because the upper boundary is not broken. The lower boundary is broken but it connects more points now.

The explanations are exactly the same as the first scenario.

Readings

US Dollar gives a preview
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/eX6euFsPS5g/us-dollar-gives-preview.html
USD

Infaltion Isn't an Issue
http://www.huffingtonpost.com/hale-stewart/inflation-from-money-crea_b_207126.html

Mish on Google
http://www.youtube.com/watch?v=1YKc0UolTqE&feature=player_embedded
Video

2009-06-04

Readings

Just looked at latest ~200 articles in Safe Haven...
Gold Is ...
by Adrian Ash
http://www.safehaven.com/article-13435.htm

Gold vs. the World: Top 10 Currency Update by Adrian Ash
http://www.safehaven.com/article-13502.htm

Gold, Silver and Oil on the Run Technically Speaking
by Chris Vermeulen
http://www.safehaven.com/article-13483.htm
interesting, even he sees H&S in gold... :-)

The Gold Stock Secular Bull Market
http://goldversuspaper.blogspot.com/2009/06/gold-stock-secular-bull-market.html
this is similar to mine article:
http://www.novini.net/2008/04/us-stock-market-gold-cycles-1850-2013.html
Gold, Silver, Oil, Copper, USD: End of the Run or Just the Beginning?
by Roy Martens
http://www.safehaven.com/article-13505.htm
another H&S in gold :)

2009-06-03

EUR/USD 4h

This was quick look, chart is 4h, even time scale is not shown.
There are similar uptrend as in Gold, but EUR is not on the bottom of the channel. The brown line is upper boundary, and as we see, is not parallel to the blue line. It may be some short term thing, but it may form a bearish wedge. I do not believe this will be a wedge, but it may be seen as warning sign.

Gold 4h and 30m

Gold 4h
Gold today hits the channel top @ $889.98 , then broke down. Currently is trading on the channel bottom, and must rise now to $992+

Gold 30 min
This is just as confirmation that there are support @ $961