Tag Archives | Cyprus

Gold takes an Additional 10% Drop

Gold spent the last 2.5 years in an undeniably obvious uptrend, supported by the white trend line shown below. This of course changed quickly this year as gold prices broke below the trend line… then the 100-day moving average (red)… then the horizontal support at $1,550 (red line). Gold sentiment has changed dramatically… more on […]

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S&P 500 Makes a Much Anticipated Correction

We heard market moving news out of the Euro-zone this weekend. Stringent terms on a potential ECB-Cyprus bailout triggered talk of bank runs. In my opinion such an event is precisely the type of catalyst that could derail the bull market in equities. I’ve been anticipating a correction for some time now…this may be it. […]

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