Mar 6, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Are Precious Metals Stocks Near A Local Top?

Posted: 06 Mar 2010 11:01 AM PST

In our previous essays we have covered the situation on the USD, gold and silver markets, but since there’s more to the precious metals sector than just these two metals, we have decided to supplement the previous analysis by covering the precious metals stocks. If you are interested in trading gold and silver only, you might want to reconsider before clicking that X in your web browser’s window - after all, precious metals stocks are highly correlated with the metals, and they even used to … [visit site to read more]


The Problem That Hasn’t Gone Away

Posted: 06 Mar 2010 09:05 AM PST

Yale Professor Robert Shiller, author of the called-the-top classic, Irrational Exhuberance, is one of the very small group of economists who “gets it.” Although I don’t necessarily agree with everything he has to say, he is that rare academic who is guided by facts and an appreciation for how the world really works, unlike the so-called experts who believe in theories that have little or no basis in reality. For that reason alone, I usually pay attention to his insights on the … [visit site to read more]

Forex Trading: EUR/USD Trading Range-Bound Within Downtrend

Posted: 06 Mar 2010 08:01 AM PST

Price action on EUR/USD, a daily chart of which is shown, continues to languish in consolidation despite a false upside breakout above the top (around 1.3700) of the current short-term trading range earlier in the week. The month of March could likely see continued bearishness for EUR/USD in line with the currently prevailing downtrend. Having just this week reached down to hit a new 9-month low just above 1.3400 support, price could potentially go on to target further support levels to the … [visit site to read more]
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