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This isn’t a “flight to safety;” this is a flight to ruination. “Safety” has nothing to do with it. This is gambling, pure and simple. If you choose to be on the end of the “whip” that’s being run by some very deep-pocketed players, that’s your business; but try not to be flung off into [...]  CandleWave and Hawkeye Traders Present Trading From Start to Finish – THIS EVENING! This is a Repeat Announcement of a Series of FREE audience-participatory Webinars which are being presented every week on Wednesday evenings through the end of May, from 8:00 PM to 9:00 PM Eastern Daylight Time. THE NEXT WEBINAR [...] Please look at the peak in prices as shown on the accompanying chart of Silver. At the top, we see a nearly perfect Bearish Engulfing Pattern (close enough that I will call it the Real Thing), a tall white bar having its last, dying fling, and a second Bearish Engulfing. Prices declined sharply thereafter. Later [...] In light of the great selloff in the stock market on July 2, one would have expected that exiting investors would have fled to Gold and to Bonds. They did fly to Bonds, but not to Gold – which declined more than $11; and that leads to a question: What’s going on [...] As the probable ending point of a three-wave “a-b-c” upward correction, July mini-Silver closed today at 1394.6, down 4.8. Since the price action over the past 16 days has clearly been a three-wave move rather than five, the conclusion necessarily follows that the major underlying trend is still Down. Now we need to keep an [...] Cotton is hot. Oh, I know, cotton isn’t usually thought of as producing clothing that’s necessarily warm. But cotton is hot in this sense: its price is about to take a big drop, and that makes for a major opportunity for commodities traders. In the wholesale (commodities) market, cotton costs about 44 cents per pound. [...] Cattle on the hoof, ready for slaughter, now cost about 84 cents per pound. The difference between that price and what you pay in the supermarket represents all of the additional costs that go into preparing and offering the finished product to you on the cold shelves. For many reasons, the price of cattle on [...] Japanese Candlestick “Shooting Star” Pattern Warns of Possible Price Selloff Of all of the Candlestick reversal patterns, the “Shooting Star” is regarded as one of the most potent and most reliable. We have a perfect example of the Shooting Star in Crude Oil yesterday, March 9. One could hardly wish ever to see a better [...] A Perfect Japanese Candlestick “Shooting Star” in Crude Oil Today – Let’s See Whether It Works There are several price patterns in Japanese Candlestick theology which are considered to be quite reliable. Among them is the “Shooting Star” pattern, in which the total price action of the particular time period lies well above the price [...] In Commodities, Timing is Everything There are two articles in he paper this morning about Crude Oil. One article tells us that the world is awash in Crude Oil, and that the world is running out of places to store it. The second article urges us to buy an oil Exchange Traded Fund right now, [...] |
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