Gold Silver
Gold Silver
Commodities so far this week have not changed much. But I can point out a few things for us to watch Thursday and Friday.
Precious Metals – Gold GLD fund – Silver SLV Fund – PM Stocks GDX Fund
We could start to see a shift between the price relationship between gold and the broad market. I pointed this out last week mentioning that gold and silver are starting to hold up in value while stocks sell off on big days. For example, Wednesday’s sell-off in equities did not have much effect on precious metals. This is what we want to see. It means money is moving out of stocks and into gold and silver bullion as a safe haven.
These three charts of GLD, SLV and GDX show Wednesday’s price action as gold and silver moved higher while precious metal stocks sold down with the rest of the market. This is generally a bearish indicator for gold and silver but because I am starting to see this happen more often and traders are ready for the market to top any day, I am seeing this as a bullish indicator. If the market starts to slide I have a feeling investors will be dumping a lot more money into gold and silver.
Energy – Oil USO Fund – Energy Stocks XLE Fund
We are seeing a similar pattern in the energy sector. Oil had a nice move higher today while energy stocks sold off. Stocks are starting to fall out of favor. That being said, I do think I have found an oil play which could rocket higher in the coming days a possible 10 bagger. I will be providing this information in my service Thursday or Friday this week.
Natural Gas – UNG Fund
Natural gas is still in a bear market and trading under a major resistance trend line. This commodity could go either way so I am going to wait for the odds to be more on my side before jumping on board with a long or a short trade.
Mid-Week Gold, Silver, Oil and Nat Gas Conclusion:
The market is starting to look and feel top heavy with many indicators and price action patterns giving cross signals. While the market could continue to rocket higher with new money getting dumped in from average investors because of solid 3rd quarter earnings, we must be cautious by tightening our stops and take some profits off the table. Until we get a short term oversold market condition I am trading very conservatively.
Waiting for a good trade is crucial in trading. If you always want to trade and force positions when the market is choppy you end up with lower probability trades.
About the Author:
Chris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.
Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com
Article Source: ArticlesBase.com - Gold, Silver, Oil and Nat Gas Trading Report
 NEW TREASURE HUNTER METAL DETECTOR XJ9 3050  US $233.00
|
 WHOA BLACK YELLOW PATENT LEATHER LACE UP PLATFORM WEDGES BOOTIE US SIZE 10 US $37.99
|
 20 DIFFERENT STERLING SALT SPOONSFREE SHIPGIFT US $229.99
|
 01 02 03 04 05 HONDA CIVIC AC AIR CONDITIONER EVAPORATOR CORE US $69.00
|
 1880 S SILVER MORGAN DOLLAR SCARCE DOUBLE SHARP Z9097 US $37.95
|
 Invicta Mens gold watch worn 7 times MSRP $59500 US $95.00
|
 1942 1 Mercury Dime 10C GEM BU RARE MS Silver Coin US $5,295.00
|
 14K White Gold Warrior Mens Celtic Band Ring Irish Made sz US $699.99
|
 WOW Gold and Silver 1992 1 20 oz Gold Chinese Panda and More US $104.50
|
 1 oz Silver Bar Morgan Design 999 Fine Silver 1oz Sealed in Plastic NEW US $34.01
|
 WHOA WHOA CAMEL FAUX FUR CUFF DOWN SUEDE WHOA ANKLE BOOTIE BUCKLE US SIZE 75 US $32.99
|
 Cubic Zirconia in Gold Plated SIlver Bracelet US $79.00
|
 8mm Tungsten Wedding Ring Band With Grooved Center Line Sizes 9 14 Free Shipping US $32.03
|
 Canada 10 dollars Fine Silver Coin Year of the Dragon 2012 US $49.95
|
 2012 S $1 Silver Eagle PCGS MS70 First Strike Struck in San Francisco US $61.00
|
 DAVID YURMAN 18K GOLD 925 SILVER 3 BAND RING with Stone Size 5 1 2 Beautiful US $160.50
|
 Vintage TRESSA Swiss Manual Wind Men´s Wristwatch Gold Stainless Steel US $70.00
|
 10K W Gold Natural 350ctw Sapphire and Diamond Ring US $270.20
|
 10K Solid Yellow Gold 9 20ctw Genuine Diamond Pendant US $205.35
|
 14K Solid Gold Genuine Rubellite Diamond Earrings US $162.12
|
 10K Solid Gold Genuine Natural Sapphire Diamond Pendant US $281.01
|
 10K Solid White Gold Natural Pink Sapphire and Genuine Clear Diamond Pendant US $205.35
|
 10K Solid Yellow Gold Genuine Amrthyst Pendant Earring Set US $172.93
|
 14K Solid Gold 54ctw 13 Clear Clean Diamond Ring Set US $756.56
|
 10K Solid Gold Genuine Citrine and Diamond Ring US $43.23
|
 10K Solid Yellow Gold and Topaz Earrings US $140.50
|
 14K Solid Y Gold 030ctw Solitaire Clear Diamond Ring US $540.40
|
 SUMPTUOUS REAL 6RAYS BLUE STAR SAPPHIRE 925 SILVER RING US $45.00
|
 1890 S SILVER MORGAN DOLLAR SCARCE DOUBLE SHARP Z9098 US $37.95
|
 WHOA SILVER SEQUINED OPEN TOE ANKLE STRAP PLATFORM WHOA PUMPS US SIZE 9 US $36.99
|
 Vintage COIN Silver Medallion Punch Ladle Soup Ladle Newell Harding RARE Antique US $995.00
|
 $147 Face 90 Silver Coins Franklins Walkers Quarters Lot274 Bullion Rolls US $3,701.00
|
 GEORGIE Brown Studded Vest Pants Outfit Sz 6 US $39.00
|
 Pokemon Lot Legend Prime Heart Gold Soul Silver Undaunted Triumphant Black White US $450.00
|
 98 99 00 01 02 MAZDA 626 SUNROOF PANEL PANEL W GLASS FRAME AND MOTOR ASSEMBLY US $199.00
|
 01 02 03 04 05 MAZDA MX 5 MIATA BRAKE MASTER CYLINDER W RESERVOIR US $49.00
|
 12 Premium Quality Uncleaned Roman coins ★ Bonus Ancient Silver Coin ★ US $33.00
|
Commodities so far this week have not changed much. However, I can point out a few things for us to see on Thursday and Friday.
Metals Precious - GLD Gold Fund - Fund SLV Silver - Stocks PM GDX Fund
Could begin to see a change between the price ratio between gold and overall market. I noted this last week mentioned that the gold and silver are beginning to have value, while stocks to sell in the great days. By ie sell-off Wednesday in actions that do not have much effect on precious metals. This is what we see. It means that money is coming out of stocks and bullion gold and silver as safe haven.
These three cards of the Legal Division, SLV and GDX shows the price action on Wednesday as gold and Silver moved higher, while precious metals stocks sold down with the rest of the market. This is usually an indicator of downward trend for gold and silver, but because I'm beginning to see this happen more often and operators are ready for the market to start any day, I see this as an indicator of uptrend. If the market starts to slide I feel investors will be dumping more money into gold and silver.
Energy - Gas USO Fund - Shares XLE Energy Fund
We are seeing a similar pattern in the energy sector. Oil had today pleasant way, while energy stocks sold. Shares begin to fall from grace. That said, I do believe I have found an oil play, that can be shot higher in the coming days a possible 10 Bagger. I will be providing this information to my service on Thursday or Friday this week.
Natural Gas - Fund UNG
Natural gas is still in a bear market and trade on a major trend line resistance. These goods could go either way, so I will wait for the chance to be more on my side before jumping on board with a long or short trade.
Mid-Week Gold, Silver, Oil and Gas Nat Conclusion:
The market is starting to look and feel top heavy with many indicators and patterns of price action signaling cross. While the market could continue with more rocket to get money back dumped on average investor solid gains due to Q3, we must be careful to strengthen our stops and take some profits off the table. Until we have an oversold condition in the short term market trading'm very conservative.
The wait for a good trade is crucial in the trade. If you ever want trade and force positions when the market is troubled retailing ends with probability.
About the Author:
Chris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.
Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com
Article Source: ArticlesBase.com - Gold, Silver, Oil and Nat Gas Trading Report