Monthly Archives: December 2010

Golden Advice About Owning Gold and Silver

I believe investors think about gold and silver in a way that does not fully recognize both RISKS and BENEFITS. Let’s look at TWO commonly held beliefs about buying gold and silver. BELIEF 1: Gold is a store of value. … Continue reading

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Philly Housing Index Breakout

Just Tweeted that we had a buy last night at the close of the HGX index. Housing is one of those “stinkers” that may make you money. The stinkers are rallying, so buy in scale but do hold your nose … Continue reading

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The SP500 Index is at a Decision Point

I wrote in my current FREE SP500Tracker™ newsletter that the SP500 has not yet resolved the upward wedge market timing SELL signal either way. The “lid” is at 1246.73 and the bottom through which trouble would lurk is at 1227.08. … Continue reading

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The SP500 Wedge Break Signal has NOT been reversed….not YET

The close today at 1242.87 for the SP500 brings us to a point that is still below the high for yesterday. That is not enough to void the market timing sell signal from yesterday. What that would take would be … Continue reading

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Gold Broke Its Shoulder

Gold broke its shoulder yesterday, BUT it has not yet broken the base of the head and shoulders formation that has formed. Awwww poor gold. When I say it broke “its shoulder,” I mean that the GLD gold ETF traded … Continue reading

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SP500 Signal Just Went Off

The SP500 index wedge has been broken to the downside. When a wedge is broken to the downside, the particular index can retrace to the base of the wedge which would be at about the November lows. This is the … Continue reading

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The SP500 Index Has Prevailed: How Not to Be Run Over by a Market Maker

So far so good. The SP500 has prevailed in that it has closed back above “my number” that I pointed out a couple of days ago when the market was stalling (see prior posts to the right). So what was … Continue reading

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