Friday, February 29, 2008

Trade Alert: UNG

I missed the boat on United States Natural Gas Fund UNG, when it was at 41. This is what happens when construction foremen have no regard fo...

Thursday, February 28, 2008

The Chicken or The Egg?

The stock market is just like the FED. As this blog has warned , the financial owned financial media being mouthpiece of the Wall Street eli...

Wednesday, February 27, 2008

When Do We Buy the Builders?

The short answer is not yet. Take a look at the two year chart of the Dow Jones US Home Construction Index. You can see the double bottom ar...

Tuesday, February 26, 2008

Why Blogs?

You could pay big bucks to get your financial info from Goldman Sachs, but just look at what you paid for. The headlines are from CN N Fredd...

Monday, February 25, 2008

End Of The Line

Trends are powerful economic and psychological forces. On a price chart an established trend can be reliably is followed by a trader until i...

Goldmans Hit

If nice guys finish last, then Goldman Sachs will beat the wolf pack of the banking group again, but not by as much this time around. The s...

Trade Alert : GLD

We are long 100 shares of GLD from about 89.00. I think we should hold these with no stops forever. I don't want to loose it all I just ...

Friday, February 22, 2008

Trade Alert: EXK

Endevour Silver Corp. EXK had a break of the long downtrend line that ran from 5.50 to 3.75. What you see in the chart is the anticipated re...

Trade Alert : IAU GLD SLV USO

I said we would enter into these positions, but today we made no moves. These stocks have had great runs with no real pull back, I keep thin...

Thursday, February 21, 2008

Alert: IAU

Dump the IAU short position Buy to close 25 shares IAU @ 94.17

Alert: EXK

Buy 100 shares EXK @ 4.10 with a stop @ 3.90

Trade Alert: GLD SLV OIL

Gold silver and oil have broken out above thier 50 and 100 day moving averages and continue to climb, pegging the momentum indicators along ...

Wednesday, February 13, 2008

Alert: IAU

Sell 25 shares IAU @ 89.51

Tuesday, February 12, 2008

Alert : GDX

We are going to get some protection from the double top on GDX @ 54. You can also see a huge wedge forming in the daily chart from which the...

Trade Alert : IAU GLD

We were stopped out of the short side of our IAU GLD hedge, namely IAU @ 90.50 on Feb. 7-th. With a head and shoulders building on GLD we do...

Monday, February 11, 2008

Trade Alert: UNG

UNG gaped up on the open this morning and we stayed away. With the stock just touching the 200 dma and the stochastics at 80 and rolling ove...

Saturday, February 9, 2008

Trade Alert: UNG

We did not pull the trigger on UNG Friday. This market is too dicey for longs unless it's an 11 on a scale of 1 to 10. You can see in th...

Friday, February 8, 2008

Trade Alert: UNG

The chart of UNG has taken the very bullish W formation, in this of all markets. From the daily chart (Link 1) you can see the first bottom ...

Thursday, February 7, 2008

Alert: GoldMan Sachs

Dump Goldman Sachs Sell 25 shaers GS @ 189.87


Buy to close 1 contract GDXBN @ 6.70

Alert: IAU GLD

Put stops in Buy to close 100 shares IAU @ 90.50

Alert: GoldMan Sachs

Enter a 1/4 position on Goldman Sachs (Risky) Buy 25 shares GS @ 188.01 Stop @ 184.00

Wednesday, February 6, 2008

Alert: IAU GLD

I can't tell if gold is going to re bound or sell off some more. The stochastic is under 20 and just turning up. Take no chances Buy 100...

Sunday, February 3, 2008

Trade Update: IAU GLD

We were stopped out of the long side of our IAU GLD trade and are now naked short IAU. This is where I least prefer to be. I would rather g...

Friday, February 1, 2008

Alert: GDX

Metals are selling off. Now we will enter our hedge, a covered call. Sell to open 1 contract GDX Feb. 40 call GDXBN @ 9.20