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Sunday, 23 September 2012

Miners vs Gold


If you're bullish on gold you should be very bullish on miners. I expect the outperformance we saw the last couple of months to be just the beginning of a longer lasting one. The crossing of and the weekly close above the 50d MA, the high volume we saw recently and the higher low and higher high pattern are VERY bullish signs for the longer term...

Tuesday, 18 September 2012

SPY vs IYT: Bet on Dow Theory

If the Dow Theory works my spread trade might end up with a gain. Right now IYT is trading on the three years low relative to the SPY...

Wednesday, 5 September 2012

Saturday, 1 September 2012

EURGBP - long term bearish for GBP

Now since Europe (EUR countries) pushed through some crucial reforms I'm sure the hot spots will be somewhere else in the next years to come. For the GBP (see 3D chart below) for instance I'm very bearish. We might see a another pullback however for the EUR first before we go higher. I'll wait a bit longer for a good entry point...