Nice entry with a clear stop for a short on GDX. Might have a channel forming off the highs:

Prophet.net

This is a good one from Feb 9th, from Frisby’s Bulls and Bears. Hat tip to Pej.
Click here to listen.

Look at the similarity between the March 2008 peak and immediate aftermath and what we’ve seen since the December high in gold:

Prophet.net
Sure, there could be a little more oomph here for a push like that close second peak in ‘08, but just because gold hasn’t dropped like a stone doesn’t mean the mania will go [...]

Put this down in the list of no-fuss, no-brainer, long-term trades. Simply buy 10-year Treasury notes and short junk bonds. There is no purer deflation play than this. It doesn’t even matter if Treasury yields rise (unlikely anytime soon IMO), since you’re playing the spread and junk yields will always include Treasury yields plus a risk premium.

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What [...]

This classic risk ratio is in its own bull market. Look at the spike last week, which may kick off another monster rally in 2010. Interesting also how it turned up all the way back in September.

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Checking the archives, I see that I charted this bottom as it happened.

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Silver did make a peak just then [...]

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I snapped these photos of gold coins for sale at a Western Union in a German train station. Pretty cool, but a sign of a top?

In this 1-week chart, from top to bottom as of today’s highs, they are: palladium, platinum, gold and (the all-of-a-sudden quite unpopular) silver.

Source: Interactive Brokers
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I have no position in gold or silver futures at the moment, but am shorting the other white metals. Platinum and palladium broke parabolic runs last month and fell very hard. [...]

The MACD on platinum’s daily bar chart is giving a sell signal:

Source: futures.tradingcharts.com
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Platinum prices and sentiment charged ahead and made a new high a week ago as gold tried to get its mojo back and failed. When the metals complex turned lower, platinum fell hardest, a cool 100 bucks in two days. All of this [...]

Here is a 1-year view of platinum (blue) vs. gold (purple). PL made new recovery highs this week as gold and silver potentially finished up corrective rallies from their hard decline off their December highs. PL is the odd man out, and bullishness has been running very high here, mirroring the overall optimism about commodities. [...]

Hi all. Sorry for the long span between posts. I’m going to try to be a bit more diligent about daily postings, as I was in the earlier days of this blog, even though things aren’t as exciting as they were the second half of last year. After all, there is always market action somewhere, [...]