Chart usGOLD   Chart usSILVER  
 
Food for thought
Bureaucracy is a permanent internal occupation force
William Buckler  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1287.90-6.18
Silver 19.37-0.26
Platinum 1408.804.30
Palladium 792.00-2.90
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 14512-4
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4812
CAN $ 1.5228
US $ 1.3825
GBP (£) 0.8226
Sw Fr 1.2196
YEN 141.7440
CURRENCIES ($)
AUS $ 1.0717
CAN $ 1.1015
Euro 0.7233
GBP (£) 0.5950
Sw Fr 0.8819
YEN 102.5300
RATIOS & INDEXES
Gold / Silver66.49
Gold / Oil12.38
Dowjones / Gold12.74
COMMODITIES
Copper 3.050.00
WTI Oil 104.03-0.27
Nat. Gas 4.750.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
SP 500 and NDX Futures Daily Charts - Fraud Will Continue Until Confidence Returns
Published : January 27th, 2013
123 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Gold | Hedge | Recovery |

I would be very careful about getting in front of this market while volumes remain low and the Fed keeps puffing up the banks with easy money.

The fairy tale being told is that the recovery has the market giddy, so it is exiting safe havens (like gold of course) and seeking risk plays for more upside.

Volumes remain thin and there is the tell. There is also a divergence between the SP futures and Tech 100.

Next week there are more Treasuries coming to market so we *might* see a pause, but this will not be safe to short except as a hedge on longs until there is a clear trend break. No need to be greedy. Wait for things to develop.






Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Jesse
All articles by
Jesse
Next article by
Jesse
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Jesse

Visit Jesse's Cafe Americain for refreshing news on the markets
Jesse ArchiveWebsite
Most recent articles by Jesse
4/20/2014
4/20/2014
4/18/2014
4/17/2014
4/17/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer