Apple dropped below 623.55 on Friday and that marked a 5 wave decline on a small degree. We know that when a market declines in 5 waves it normally happens to be a part of a bigger move. With that in mind, let us look at the bigger picture – the real big picture. As shown in […]
A recent business insider article calls ‘Gold bugs’ thin skinned misanthropes because Warren Buffett “..devotes a few paragraphs to gold and the fools who worship it” in his upcoming annual letter!! Regular followers of this blog know that I had turned cautious on Gold around $1700’s and bearish in September 2011 – just establishing […]
The Baltic Dry Index has been dropping continuously for the last 31 sessions. The index just broke through the 2008 low and this is worst reading on this index for the last two and a half decades. If you are wondering why should this be of any significance – the index is a very important […]
The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage. A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.
The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage. A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.
Silver saw a steep drop from $50 to $32 in the month of May and the rise post that has been in a corrective fashion. The above chart of silver shows a rising wedge pattern with a typical throw-over to the upside. Yesterday’s close was well below the bottom of the rising wedge and this should usher […]
The Indian currency realised its triple bottom potential at the 43.85 level as the currency moved past 46 against the USD yesterday. The chart below shows the one year daily price movements of the currency and the bottoms are marked by the red oval. The price objective of the triple bottom pattern works out to […]
The up move in Gold is starting to look similar to what silver was in April. Yesterday’s intraday high of 1782 and a much lower close is the first warning sign. This does not necessarily mean that Gold will start crumbling right away. In fact an erratic rise, like the two scenarios shown on the […]
httpv://www.youtube.com/watch?v=2Dj9v9s9buk&feature Gold is not money!! And central banks hold gold because of tradition!! T R A D I T I O N!! 😀
Just one day prior to the anniversary of Dow’s 1000 point crash, the Ghosts of the ‘flash crash’ came back to haunt risk assets with greater ferocity. Crude got walloped by 10%, Gold got slammed by over $50 and Silver was decimated by another 12% on top of its recent sharp drop!! The force behind this […]