Author: admin

Chart to Watch - Coffee

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We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Coffee. (NYBOT_KC.Z13.E).

I hope you are having a GREAT week !!!

This week let's take a look at the December Coffee futures chart.

We use the weekly MarketClub Trade Triangle to tell the trend when trading futures and the daily MarketClub Trade Triangle to time the trade.

December Coffee is on a weekly green MarketClub Trade Triangle and a daily red MarketClub Trade Triangle which is just exactly the way we want the Triangles to line up for a buy setup. Continue reading "Chart to Watch - Coffee" →

Precious Metals Must Make a Stronger Statement Still

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Yesterday was an impulsive looking move and something of a statement in itself.  But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement.

Yesterday was the booster stage (gap up), and another leg up from here would give the precious metals complex the velocity to do some real damage with respect to upside targets.  That is because important resistance zones are now at hand.  While a pullback would be normal, gold bugs obviously do not want to see a terminal velocity situation where yesterday’s momentum erodes beyond normal profit taking. Continue reading "Precious Metals Must Make a Stronger Statement Still" →

Timing Is Everything

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By: Sean Hyman of StreetAuthority

Your whole life, you've heard "Timing is everything." You've probably also heard people say to "be in the right place at the right time."

When we do something has a whole lot to do with how successful we'll be at it. It's great to buy a home and hold it over time... unless you did it in late 2007. Tech stocks are great... unless you bought them in 2000.

I think you get my point. There's a right and wrong time to buy almost any asset out there.

The investing masses are known for buying in at the worst times and shying away during the best times to be a buyer. Why? They buy in the wrong phase of the market. Continue reading "Timing Is Everything" →

'Mexico Mike' Kachanovsky Believes the Best Cure for Low Prices Is Low Prices

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The Gold Report: Mike, the prevailing wisdom in the market favors producers over explorers in the precious metals equities. The thinking seems to be why buy the pasture when entire farms are selling at nearly the same price? What do you think of that strategy?

Mike Kachanovsky: That is a good summary of current affairs. Market values for the entire sector have been trimmed dramatically; even many of the highest rated stocks are down 50% to 60%. From a value perspective, it makes sense to buy higher up the food chain when you have the opportunity, to buy more established companies that offer legitimate earnings and established infrastructure.

TGR: Kenneth Hoffman of Bloomberg Research notes that production from the world's biggest gold mines has dropped 17% since early 2011. He predicts that gold mines, especially high-cost mines in Africa, will start to close as gold hovers around $1,200/ounce ($1,200/oz). Is there a bullish medium-term case to be made for gold given the shrinking supply?

MK: We have been through similar severe price corrections before. At the beginning of this century, gold's market value was below what it cost to produce it. Mines closed and companies went out of business. That scenario evolved into the bull market we have today and the achievement of all-time high metals prices.

TGR: But this is not a bull market. Continue reading "'Mexico Mike' Kachanovsky Believes the Best Cure for Low Prices Is Low Prices" →

The 3 Essential Parts of an Elliott Wave Trade - Part 3

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By Elliott Wave International

Would you like to improve your ability to trade -- not only with a clear understanding of the Elliott Wave Principle, but also by learning how and when to act on your wave count?

According to Senior Analyst Jeffrey Kennedy, there are the three key components of a successful trade.

In this final lesson -- adapted from the Visual Guide to Elliott Wave Trading, a No.1 Bestseller on Amazon -- Kennedy explains his third step for a high-confidence trade setup in Caterpillar: Manage the Trade (You can read Parts 1 and 2 by clicking below): Continue reading "The 3 Essential Parts of an Elliott Wave Trade - Part 3" →