Thursday, May 24, 2012
1. The world's top trading firm is calling a top in commodities
 
1. Tax HORROR: Congress just introduced one of the most outrageous tax laws in history
 
2. Doug Casey takes on the most controversial gold topic in the world
 
3. The one thing you need to know about tomorrow's Facebook IPO
 
4. Risk OFF: Investors flee to Treasurys... and gold
 
5. Controversial post: This is the currency that could replace the dollar
 
World's top trading firm: Commodities are peaking now
Advertisement
Monday, February 07, 2011
Text Size: increase text size decrease text size

From Pragmatic Capitalism:

Credit Suisse isn’t the only firm calling for a more rational approach to markets. John Noyce, Goldman’s trading desk technician says there are signs of a peak in the commodity complex (via Hedge Analyst):

* The Index has been above its 55-day moving average (DMA) for an extreme 101 consecutive daily closes. Gold and Silver managed 105 and 104 respectively before they closed back below the 55-DMA. The percentage the 55-DMA stands above the 200-DMA is also pretty "excessive."

* Looking back over the past decade, these are very extreme setups, but is worth noting that...

Read full article...

More on commodities:

Gold SHOCKER: Alan Greenspan's stunning admission

Porter Stansberry: Food crisis looming... prices set to skyrocket...

Why every hard-working American should be loading up on silver

Topics: Goldman_Sachs | Trading_Ideas | Commodities
RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.
Home | About Us | Archive | Partner | RSS