I have some bad news…and some good. I’ll get the bad news out of the way…you may or may not know that the High Velocity Market Master was taken off the market…
Austria Gives Up Bank Secrecy
For a little while there, it looked as if little Austria would be the mouse that roared. As I previously reported, on July 9, Austria’s Parliament failed to approve a resolution relaxing…
Gold Rallied For Another Day But Shy Of 1000
Gold’s rally accelerated after breaking through technical resistance. The benchmark contract surged to as high as 999.5, the highest level since February, before closing at 997.7. The precious metal jumped more than…
Base Metals Strengthen Further While Gold Retreats
Base metal complex extends further strength after the strong rally yesterday. LME lead for 3-month delivery, the best performer, jumps another +4.7% to 16-month high at 2387 after rising +7.8% Thursday. In…
Gold Daily Technical Outlook
Comex Gold (GC) The sharp rise in gold extended further to as high as 999.5 before retreating mildly. At this point, intraday bias remains on the upside as long as 982 minor…
Silver Daily Technical Outlook
Comex Silver (SI) Silver rises further to as high as 16.31, touching prior medium term high of 16.25 before retreating mildly. At this point, intraday bias remains on the upside and further…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil continues to struggle around near term trend line support and stays in tight range above 67.43. Intraday outlook remains neutral and some more sideway trading might…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ decline extended further to as low as 2.467 today so far, meeting mentioned long term projection target of 2.50. At this point, intraday bias remains on…
U.S. unemployment rate jumps to 26-year high of 9.7%
The U.S. unemployment rate jumped to a 26-year high of 9.7% in August as nonfarm payrolls fell by 216,000, the 20th consecutive monthly decline, the Labor Department estimated Friday. U.S. payrolls have…
Imagine not having access to any financial news
Imagine not having access to any financial news stories. The only information you have about the market is the market itself. Would you be a better trader or a less successful trader?…