What We're Reading

silver (7)

Admin

Bulls Must Be Patient

Things rising now are for the most part due to those (few) who see better earnings ahead, an earnings beat or rising on the struggling dollar........while peers get a definitely smaller bid....or none.  It's a struggle.  You'll notice more losing trades recently as markets are searching out the "good".  Some are talking recession (I don't buy that) while others struggle to find a way to get "through" the soft patch; waiting for 2016.  

In futures, volume has dropped off the cliff overnight.  It's amazing (and worth noting).

One things that's stood out for me is the increase in dividends and buybacks.  Yes, there's been an increase and new ones begun while O&G cut theirs.  Isn't it interesting how the market will do whatever it can to keep people in stocks.  Just sayin'.

AMZN is leading the Nasdaq with AAPL reporting this week but MRVL just announced a much …

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Admin

I'm Not Insane, No, Maybe

For all you doubters out there, yes I have out my pompoms on the move in gold and silver this week.  You scoffed in March when I said a right shoulder could be formed.  Then again chuckled in April and May 3rd but I ask you who's laughing now?  Already I'm seeing tweets of a possible H&SB and I'm comfortably long SLV calls, enjoying the sunshine.  Scoff all you wish you financial gurus.  Charts don't lie; people do.

This daily for GLD and SLV is intriguing, showing both breaking out of falling wedges (they should test support which would be great to get in or add more shares or calls).…

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Admin

Weekend Reads May 3rd-4th

  • Stocktwits: "investor say the bottom is in for gold"
  • Hey, wait a minute.  Didn't StockBuz say watch for a gold (GLD) weekly right shoulder to form back in March and early April?  Even posting on the gold miners here.  We're ahead of the herd once again......maybe.   (click image to enlarge)  At least risk…

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Admin

Gold: Sticking With It

It may not be a popular view but then again, when everyone's on one side, doesn't the market tend to do the opposite of what's expected?  It seems the Elliott Wavers of the blogisphere are calling for gold to head lower here but I stand by my call of last week that the low will hold and we'll see a head-and-shoulders bottom (right shoulder) forming here.  Silver and all of the miners reflect a similar pattern, as posted here at StockBuz last week.  The weekly even resembles a possible double bottom.  Wouldn't that be sweet!  At the very least, down side risk is defined (last weeks low) but with fear in the market and heavy selling continued after the first of the month, utilities (safe haven) are already hitting a new high and I believe flight to precious metals will…

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Admin

Daily Reads

  • Schwab says HFT is a "Cancer" that must be addressed.  "The primary principle behind our markets has always  been that no one should carry an unfair advantage. That simple but fundamental principle is being broken." When big players such as Schwab begin to speak out, one must wonder if this will gain attention now.
  • GT sold some AMZN 360/365 bear call spreads.  Still feel that's a HST
  • Citibank $C reports$400M in fraudulent loans out of their Mexico…

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Admin

Hump Day Reading

  • For all the worrying about weather impacting job creation, Trim Tabs say real time tax receipt data (allegedly more reliable than BLS data) suggests that the economy has been picking up steam.  24/7WallStreet
  • A 8.2% magnitude earthquake overnight off the coast of Chile with a 2 meter tsunami.  Supposedly mining operations have not been affected buy you try to tell that to silver and gold this morning.  They're not buying it (so far)
  • Interesting metrics from …

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Admin

Today was a typical Saturday.  I began to scan my watchlist, ran through the indexes and flipped through my favorite web pages for tidbits of stockmarket insight.   At one point I noticed that in wake of yesterdays selloff in gold/silver, suddenly people were posting seasonal charts for gold and silver.....as if they had just been discovered.  Helllllo McFly.   No, there is no seasonal demand for  the shiny stuff here.  Hasn't been; move along.  Economies are healing; meaning there's less of a need to hedge yourself with gold and bonds.  With no demand and less of a flight to safety,the big boys are…

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