trading

trading

Tuesday, 2 August 2011


Congress and the market's performance.

Weekly view of SP-500.


       Let's look at the big picture. The market remains stuck in a wide and loose sideways trading range. There is a head and shoulder possible formation that we need to observe and there is possible support there from which the new rally could start. We have to wait for the market to tip its hand for us to act. Although trading is an active verb, sometimes the best action is no action.

Tuesday, 26 July 2011

Mindset.

"To live a pure unselfish life, one must count nothing as
one's own in the midst of abundance." (Buddha) 

Where are the best opportunities now ?

Silver directionally correlates highly with gold.


Further money printing in the US and in Europe will cause the dollar to fall further therefore hard assets including gold and silver should continue their long term up trends. Use any pullback in precious metals as a buying opportunity, as the long term trend is up.