Wednesday, September 30, 2015

Japanese Yen Looks Ready for a Breakout/Breakdown

Take a look at the FXY, which tracks the Japanese yen.
(Updated chart)

The FXY is coiling up. It looks like it wants to break out higher. But you'd be wise to wait for the move before you buy. 

$XOM Breakout?

Thursday, September 24, 2015

Updated & Simplified Gold Chart: Breakout!

Share it with your friends.

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(Updated chart)

Palladium Chart: Unleash the Bulls!

I just wrote a story on palladium for Energy & Resources Digest, which should run this weekend. Here's a chart ...

Visit to see more great charts.

(updated chart)

What is driving this move in palladium? It's NOT as Bloomberg insists, China's move to promote electric cars. Platinum isn't used in electric cars. FAIL for Bloomberg.

No, it's something else. And for that, you'll have to tune in to Energy & Resources Digest on Saturday.

Hope your Thursday is going well. Check out that action in gold. My chart from Sunday is working out nicely (for a change). Keep your eye on overhead resistance for gold around $1,160.


Sunday, September 20, 2015

Must-See Chart of Gold

Here's a chart of gold you should really see.
  • In the short term, gold is strong. In fact, it's outpeforming the CRB Index, a basket of commodities. And its Stock Charts Technical Rank (SCTR) is 73.6. This means gold is stronger than most stocks.
  • And sure enough, gold has made a double bottom on a weekly chart.
  • Also, we've just gotten a bullish MACD (momentum) signal on the weekly gold chart.
  • What's the one thing missing? Strong momentum. We need bullish momentum to confirm this move.
Stay tuned

Visit to see more great charts.

(Updated, larger chart)

About that US Dollar "Uptrend"

The US dollar has gone nowhere since January. And the short-term trend is down.

Visit to see more great charts.

(Updated, larger chart)

Tuesday, September 8, 2015

3 Charts for Tuesday

I think you'll find these interesting ...

Meanwhile, in case you missed it, China revised down its 2014 GDP to 7.3% from 7.4%. This revision came as China's Finance Minister Lou Jiwei said that GDP growth will remain around 7% in 2015, and the new economic normal may last for four to five years. On the bright side, China told the G-20 that its turmoils are nearly over, and that its economic fundamentals were fine. Traders took this as a sign that China will open the sluice gates of stimulus and easy money, which is why stocks catapulted higher this morning.

Meanwhile, it's not just China that is suffering is it?
As you can see from the chart, there is plenty of pain to go around. An optimist would say this means a bunch of great stocks are on sale. Do you agree with the optimists, or do you think the pessimists, are right, there is more pain to come?

One more very interesting chart ...

This is a chart of stock market performance around the world. You can see that the Russian stock market is leaving everyone else in the dust.

But how much of this is due to the fact that the Russian ruble has lost 16% this year? That makes things priced in rubles more expensive.

You will find more details HERE

I am traveling this week. Have a great week. Trading volume could still be light as traders go from squinting at the holiday sun back to squinting at their screens.

Sunday, September 6, 2015

Chaos Is a Ladder

Prepare for the DC Village freakout: "Trump's favorability soars with Republicans"

Remember, they told us he could NEVER win. Newsweek said so. The Washington Post said so. Yahoo said so. The Huffington Post refused to cover Trump as a candidate.  Kevin Drum (Loser!) said that "Trump-mentum" is losing steam. Politico said Trump couldn't win the early contests.  Nate Silver said Trump had a 2% chance of grabbing the Republican nomination. Ha! Political Wire said Trump couldn't even win a fight with FOX News. 

Cue Joker-level laughter.

I keep coming back to this ...

"Chaos is not a pit. Chaos is a ladder. Many who try to climb it fail, and never get to try again. The fall breaks them. And some are given a chance to climb, but refuse. They cling to the realm, or love, or the gods…illusions. Only the ladder is real. The climb is all there is."

The DC bobble-heads might be surprised by just how high Trump can climb.

Why is he doing so well? The better question is why it's taken so long for the mainstream media to figure it out.

Maybe because “many Republican caucus-goers are anti-immigrant, incredibly angry, don't like Republicans in Congress, and don't think Obama was born in the United States,” said Ken Goldstein, professor of politics at the University of San Francisco and polling and advertising analyst for Bloomberg Politics. “Those attitudes line up with one of the candidates: Donald Trump.”

Or listen to Republican voters themselves. Trump is the "new Reagan." He's also the anti-politician. In that case, when he appears unfamiliar with a policy topic, fumbles his way through a minefield of foreign policy questions, or says the "wrong" thing, that's actually good for Trump. It just proves he's not a professional politician. And the voters are sick to death of professional pols.

And maybe, in a crowded Republican field of clowns, con-men, hucksters and hypocrites, Trump stands out as the best choice. Certainly he is ... for Trump.

Thursday, September 3, 2015

Looking for gold in Nevada with Gold Standard Ventures ($GSV)

Here's the video of my latest trip to gold country in Nevada. I shot this a few weeks ago, while on a trip to the Railroad Project, which is owned by Gold Standard Ventures (NYSEMkt: GSV).

Gold Standard Ventures has a market cap of $62 million and 167.7 million shares outstanding. You can see its latest web presentation here:

You can read more about my adventures on this tour here: "I Survived a Mining Tour and Didn't Even Get a Lousy T-Shirt".

The Railroad Pinion project is exciting (to me) because of its rich gold grades and the potential for resource upside. Luke Norman and the management team at Gold Standard have done a remarkable job of sewing together an excellent large and prospective property from a patchwork quilt of claims.

In the video, Luke and I have differing opinions on whether this is early stage. I consider it early stage because the company is still defining the resource and doesn't have a feasibility study yet. It will have to raise more money between now and when the gold is mined UNLESS the company finds a buyer for the project. 

And a buyer is certainly possible. GSV's main project has rich ore grades and blue-sky potential in one of North America's richest gold geologic trends. It has 423,000 ounces of gold indicated and 1.38 million ounces inferred just on the two targets it is drilling currently. And it has multiple targets to boot. But be aware that you can't force a big company to buy a mine.

Here is a chart of the stock recently ...

It has average volume of 117,860 shares per day. It trades under a dollar share, though above 10 cents per share. The company recently began phase 2 drilling at its Pinion and Dark Star deposits. So, it should have drill hole results coming out in due course, if the market is receptive to being moved by such things.

I think investors will have an interesting opportunity when Gold Standard Ventures raises money, as they may be able to get warrants with shares in a financing (if that's how the company raises cash -- they could also sell a gold stream, or do any number of things). The point is, I think there is extraordinary potential here. But for now, it's just potential, it is very speculative, and investors should be aware of that going in.

Do your own due diligence before investing in anything.