Tagged: gold RSS

  • Trader Lyn

    Trader Lyn 4:27 pm on February 22, 2011 Permalink | Log in to leave a Comment
    Tags: , Global, gold, Libya, , , ,   

    Tensions in the middle east & turmoil from Mother Nature 

    WorldTensions in the middle east now are now spreading to the Arab countries, with Libya erupting in violence and extreme unrest. The protests have taken many lives and disrupted any signs of future peace.

    The rising tensions have sparked a surge in oil prices, to the highest they have been in two years, proving it has nothing to do with supplies- it’s all caused by uncertainty in the market. Gold and silver futures are also higher while all the world markets are in the red.

    Closer to us home, the city of Christ Church, New Zealand has just been hit by an earthquake with a magnitude of 6.3. The earthquake has caused severe, devastation however the full damage is yet to be known. This has also weakened the NZ Dollar. NZ is in our thoughts and prayers as they work hard to rescue people to safety.

    In Australia,we have experienced mass flooding in Queensland and Victoria, Cyclones in North Queensland and the Northern Territory, bushfires and even heat waves. 2011 has started off to be a very challenging year for the world as a whole. It seems mother nature has not been sending us some big signs.

    Through understanding what is happening globally, we can better understand the direction of the Stock Markets, including what sectors to go long on and which ones to stay clear of, or to short. Join me on my market update on Monday night as I cover how this has affected the market and what is in store for the week ahead: http://www.stockcourse.net/welcome.

     
  • Lyn Summers

    Lyn Summers 10:19 am on November 8, 2010 Permalink | Log in to leave a Comment
    Tags: gold, , , ,   

    How high can Gold go? 

    Gold breaks to a new record high

    Gold broke out  to a new high touching $1,400

    On Friday gold touched a new high as the Fed prints more money, yes another $800 Billion so the US Dollar continues to be worh less and less. Hence why we see Gold breaking to new highs investors are flocking to some other form of security as they worry about how much paper money is becoming worh less each day.

    It’s not only Gold breaking to new highs Silver and Platinum are all breaking new highs yes precious metals are being consumed globally so the rally is on where will the top be many say 2,000 on Gold I tend to agree some say $5,000 we will have to wait and see.

     
  • Lyn Summers

    Lyn Summers 11:37 am on October 1, 2010 Permalink | Log in to leave a Comment
    Tags: cross roads, , gold, index, pressure, reversal, , , vix,   

    Market Update 1st October 2010 

    September has ended with the best monthly gains since 1992, however the Dow and the S&P made a bearish intra-day reversal.

    The S&P is struggling to break above 1,150 and the Dow is struggling at 10,900.

    September is typically the worst month of the year but this year has proven to be the best percentage gain since 1992, which has investors fearing- will October follow or will it reverse?

    A couple of things that could trigger a selloff  in the market is a rise in Capital Gains Tax, or if quantative easing is delayed meaning that , the FED delays printing any more money or if  Europe’s sovereign debt problems hit the headlines again and causes renewed fears as we know the problems are still there and very real.

    The VIX which is the volatility index spiked above 24 before pulling back  it’s the first time we’ve seen that in a while when there is fear in the markets this is when we see major moves in the VIX.

    And then we have Gold, which broke above 1,315 to a new record high, as the falling US dollar is under pressure.

    When markets are at cross roads we do nothing as traders, until we get a clear sign of either a bullish breakout or a bearish downturn, either way there will be some great profits to make if we are patient.

     
  • Lyn Summers

    Lyn Summers 4:04 pm on September 13, 2010 Permalink | Log in to leave a Comment
    Tags: accumulation.distribution, alkane, , bluechip, gold, kentor, , rameilus,   

    Action in the Resource Sector in Australia 

    Small cap stocks in the Resource sector may just out perform the blue chips, there seems to be alot of noise in this sector with stocks rallying in the last few weeks.

    Here are a few in the Resource sector to watch:

    Rameilus Resources (RMS), Alkane Resources (ALK), Kentor Gold (KGL)

    Have you ever wondered when is the exact time to buy, well it’s when the professional money is buying, how do you know this ? by Price and Volume action. Accumulating when the professionals are and distributing when the professionals are.

    Yes there is a specific criteria to spot this ……keep watching this blog to learn more about the Resource sector.

     
  • Lyn Summers

    Lyn Summers 5:59 pm on July 29, 2010 Permalink | Log in to leave a Comment
    Tags: Bank of america, , caterpillar, citigroup, , DOW, , , financial crisis, GDP, gold, Initial Claims, , market downtrend, moodys, , , quantative easing, regulatory reform, revenue estimates, , S&P500, , US government, wells fargo   

    What is the outlook on the economy? 29th July 2010 

    We all want to know the outlook on the economy going forward

    it’s not great at all,  but markets rally up in down turns just as they fall in up markets,  we need to let the market confirm its long term downward direction before going short these rallies are designed to take the shorts out.

    The outlook on the economy is not healthy when you look at the unemployment rate.
    Initial claims tonight will be our first way of looking at the outlook on the economy each week, let’s see whether there is a short term improvement or it is worse. Then we have the GDP numbers tomorrow night they are expected to be released at 2.9%, then on August the 10th the FED members meet again to discuss quantative easing which means printing more money, if they do it’s very likely that we will see a similar rally of March 2009 but on a much -much smaller scale.
    Another round of quantative easing will be the last tool Bernanke can use to avoid the next leg down in this recession.
    outlook on the economy
    If flooding the system with more money fails to lift equity markets, then all hell will break loose in the markets and it will be a perfect time to go short.
    By doing this they will have used all their aces up their sleeves as they can’t lower interests rate they’re already are at 0%.

    Outlook on the economy in the short term

    If the S&P breaks above 1120 a retest of 1150-1170 which puts the DOW at 10,700.
    High unemployment remains a drag on the economy I have noticed the companies that have exceeded their quarterly earnings have been companies like Caterpillar, United Parcel, and John Deere to name a few companies that have revenue outside of the US.
    The stream of earnings news continues to be strong, now that 49 percent of the S&P 500 companies have reported. Earnings have risen an average 42 percent, and 77 percent of the companies have beaten earnings estimates. Sixty-four percent have beaten revenue estimates.

    Outlook on the economy looking at the Banks and Financial companies

    Last night Moody’s changed their outlook on the economy on the bank ratings for Citigroup, Bank of America and Wells Fargo and warned they may need to downgrade their senior debt of several regional banks because now that the US banking system has moved beyond the depths of the financial crisis, the probability of government support for these banks could be lower.
    Moody’s has warned that if regulatory reform lessened the willingness of the US government to stand behind our largest banks, it would have to close the ratings uplift gap. By its actions last night, it would appear that Moody’s has now begun that process.
    The outlook on the economy in the commodities market of  Oil and Gold seem to be bright going forward but at the moment they are pulling back setting up very soon for some nice entry levels to buy into on the pullbacks.
    So our outlook on the economy next week looks to be the time to enter some short positions on the Indexes and long Gold and oil.

    The out look on the economy will be confirmed  tonight and Friday we are ready to jump when all earnings are out the way.

     

c
compose new post
j
next post/next comment
k
previous post/previous comment
r
reply
e
edit
o
show/hide comments
t
go to top
l
go to login
h
show/hide help
esc
cancel