Well, that was an interesting day. A re-test of the lows, volume dissipating as it was approached, and then very strong volume on a powerful move back up towards $1400. And in reading the reaction of various folks who pay attention to the precious metals, there is some optimism that the lows, after a grueling 21 months, have been seen. We need a bit of confirmation, but maybe, just maybe, the tide has turned.
Update: I should be a little more clear. Nothing is established at this point, and it's possible that we could drift sideways also, but today's successful re-test might indicate that the lows have been seen.
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In light of my previous post, here's what I'm thinking: buy some GLD $180 calls that expire 3/16/13. Right now, you can get them fo...
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I sounded "sad" in yesterday's post, but really I am pretty sanguine about the election. Change is going to come even if the ...
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I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr...