Blogs

The technical outlook on the silver market does not look all that strong when looking from a distance.  I like to keep eye on the longer term trend lines for possible support and resistance levels which are easily missed if you only follow the daily charts.

The market has staged a very impressive rally since the March 6th low. At that time the S&P bottomed at 666 and is now around 900. This massive rally has occurred in just two and a half months. Some talking heads in the media are now saying that this is the start of the next bull market. Many call a move of 20% or more a bull market and perhaps by that definition they are correct.

In our view the Elliott wave count for the NDX is relative clear.  Notice that the smaller Elliott Waves break down into five count patterns and suggests the larger waves should also.  It appears to us that NDX is forming the 4th wave now and once complete then Wave 5 down should start and most lik

Gold, Silver and Oil breaks out to new multi week highs and shows signs of more strength to come. The charts below show both weekly and daily trading analysis pointing to higher prices for these commodities.

Weekly Gold ETF Trading

Summary

All four ETFs are on buy signals.  Two of them gave us set ups this week, and we will wait for set ups on the other two.

Partnering with mysmp.com, Tim Ord is now offering his subscription service with a FREE 30 DAY TRIAL.  Additionally, for a limited time only, mysmp.com has negotiated an additional discount for our audience.  This offer is only for a short term so lock your rates in NOW.

On March 6th the S&P traded as low as 666. This was a new 12 year low and since then it has rallied higher by over 170 points, trading as high as 845. Many so called market mavens have said the lows are in for the year. There is even talk that these are generational lows and the opportunity of a lifetime.

As the market continues to struggle to find its footing, I have been focusing my attention to the gold and silver sector which I have been accumulating for the past 4 months.  I want to share a few of these findings with you as I believe that they present a tremendous risk/reward opportunity for the months and years ahead.

With the ongoing market turbulence, I'm sure you have many pressing questions. When will the market bottom? When will it be safe to go back into stocks? What can I do to start rebuilding my wealth now?

To answer these questions, read on to learn about important events that affect the market and your wealth.

Partnering with mysmp.com, Tim Ord is now offering his subscription service with a FREE 30 DAY TRIAL.  Additionally, for a limited time only, mysmp.com has negotiated an additional discount for our audience.  This offer is only for a short term so lock your rates in NOW.

What a crazy day. The Fed’s announced plans to buy long-term Treasury bonds and increase its purchases of mortgage backed securities today sending everything higher except the US dollar which plummeted nearly 3% Wednesday.

Throughout time, the markets have gone through ups, downs, peaks, valleys, highs and lows. Mark Twain said, "History does not repeat exactly, however, often it rhymes." This bear market, which began on October 11, 2008, is now being compared to the 1929 stock crash, which consequentially lead to the great depression. Perhaps this is a repeat of what took place some eighty years ago.

Gold bullion and Crude Oil are both setting up for a rally higher if they continue to complete the breakouts. Oil looks like the best trade from a quick glance with huge profit potential but its important not to under estimate gold bullion as it can generate big moves even though is has already made a nice rally this year.

In wave labeled in blue the larger Elliott wave count down from the October 2007 top.  The wave labeled in red is the smaller wave count and it appears that wave four (in red) has started and should find resistance near 74 (the previous low).   Once wave four (red) is completed then wave five (red) down should

Gold and gold stocks have had a nice controlled correction over the past 9 days. We look to be nearing the bottom of the bull trend channel, which could be a great buy point. If gold has a reversal around this level, then it would make for a low risk buy signal. But there is one issue, which really concerns me, which I will explain later.