Академический Документы
Профессиональный Документы
Культура Документы
Hello everybody.
The Nasdaq has continued upwards in the first weeks of the Metal months, but suddenly turned down last week.
This is not unusual and also happened in the previous Metal months period last year (see chart).
So, staying out and waiting for better buying opportunities down the road.
Gold stocks made a bottom at 195, just above our target at 190.
The gold market starts looking a bit healthier, as silver is leading the market now.
But still the gold stocks go on lagging well below their recent highs, while the price of gold and silver has made new highs
in the recent days.
Of course there can be good reasons for that. If mining costs rise faster than the price of the mined product, then many
mining companies' profits may actually decline or stagnate despite a rising price for gold and silver.
That could explain why their stock prices lag.
We issued a tweet on Feb 8 to buy gold because Earth months are over.
We only publish this free newsletter every 4 to 6 weeks.
But you can follow us on Twitter if you want to receive some short updates and charts.
http://twitter.com/lunatictrader1
It could go to 100, but I would get out by May -June, even if that target isn't reached.
Longer term I think the support at 88 will eventually get broken, which could easily lead to a crash in bonds.
The central banks will try to postpone that moment as far as they can, but that's going to do more harm than good.
The Euro is still climbing and easily reached our sell target of 1.38.
It is now up to 1.40, where some resistance should be met.
A jump to 1.43 remains possible, but our cycles call for a decline in April-May.
http://fourpillarsfinance.wordpress.com
LunaticTrader
For more short term stock market direction based on moon cycles, visit our Lunatic Trader site and blog.
There we offer our weekly comments.
http://lunatictrader.wordpress.com
http://lunatictrader.com
Follow us on Twitter
http://twitter.com/lunatictrader1
****
If you want to receive our next monthly outlook in your mailbox, please subscribe to the free
Newsletter on our site: http://www.fourpillars.net/finance/newsl.php
You are welcome to forward this free newsletter to anyone who is interested.
*****
Disclaimer: Investing in stocks, commodities or currencies is risky. No guarantee can be given that the above prediction will be correct.
Fourpillars.net cannot in any way be responsible for eventual losses you may incur if you trade based on the information
given in this article.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record,
simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may
have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated
trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No
representation is being made that any account will or is likely to achieve profits or losses similar to those shown. This
information should not be considered as a recommendation to engage in the purchase and/or sale of any futures contract
and/or options. Trade at your own risk.