Chart to Watch - Coffee

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"

A Tight Tax Leash Constrains Americans

By Nick Giambruno, Editor, International Man

Many readers are already well aware that the US government is essentially unique—and not in a good way—in how it treats its citizens living and working in foreign countries. No other country in the developed world imposes and effectively enforces as many burdens on its citizens abroad (and those who would do business with them) as does the US government.

Whether it is filing and paying taxes to both a foreign government and the US government, the reporting of foreign financial assets (FBAR and Form 8938), or saddling foreign financial institutions with extra compliance costs for dealing with US citizens (FATCA), among others, the root cause of these burdens is a system of citizenship-based taxation (CBT). Continue reading "A Tight Tax Leash Constrains Americans"

Precious Metals Must Make a Stronger Statement Still

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

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"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (July 22nd through July 31st)

Ben Bernanke remained in the spotlight last week when his testimony reminded global markets that FED tapering would not begin until unemployment is below 6.5% and inflation is moving above 2%. That was the third or fourth reminder of the outcome of the FOMC meeting that took place a few weeks ago. So just in case anyone forgot the message the first two times, he was sure to get the news to them from another platform.

The reminder kept most commodities nicely underpinned and  provided decent intraday volatility to trade throughout the week. Continue reading "Gold Chart of The Week"