Long Slv
Technical view of what comes after the precious metals, Stocks and Dollar's
Last weeks price action was developed as expected. The money poured into stocks with the approach that small caps, banks and technology. The fact that these sectors are showing strength, while public services, healthcare and consumer staples lag is a good sign that investors are once again taking risks in the market.
Because investors and traders are optimistic about the stock market once again the flow of money in the shelter as gold and silver down. I think this is the reason stocks went up last week while precious metals drift lower.
Below are three tables (Dollar, gold and silver) that shows what I think is more likely to occur in the next week or two.
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Index U.S. dollar - Daily Graphic
U.S. Dollar has been a very nice bounce / rally since at least November 2009. Last month the dollar finally reached a key resistance level of 81. I've been talking about this important resistance level since January as the dollar would be difficult to break above this level.
Check out the daily chart below. You can see a pattern of head and shoulders and a neckline that seems to have broken the afternoon Friday. There is a strong possibility that he could see 78 that came to be measured is moving downward. If we continue with the sale this week then I would expect 78 to be touched in 5-10 days.
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GLD and SLV ETF Trade Lists
Precious metals have been moving very well for us recently. In its analysis of the charts with technical analysis, we take the February under the 5th and February 25 ETFs down.
As you can see in the GLD and SLV graphics, both metals are in an uptrend with a pattern upside of success and support operations. If we see the U.S. dollar break next week, then be ready to go much gold, silver and stocks.
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Precious Metals, stocks and the dollar trading Conclusion:
As a technical analyst the previous tables point to higher prices in the coming day, which is exciting for all of us. But when things are so perfect looking for must be very cautious as the market has to suck people in settings like this and spit a couple of days after an ugly loss.
Understanding how the market moves is crucial to avoid or minimize losses if the operations are against us. That's why we continue to wait for my signing settings low risk before put money to work.
My goal is to have the fewest possible operations each year, only focuses on the best of the best productions. My Settings require low-risk to low risk to be less than 3% of the investment of choice when the overall market shows signs of strength, too. I can use several types different tests to confirm whether a facility has a high probability of winning and those that do are the trades that take along with my subscribers.
It is important to wait for the market to confirm an upward movement before taking a position with this type of installation. The market could go in any direction fast and jump the gun is not a sure bet.
Get My precious metals trading and index ETF Alerts: target = "_blank"> www.TheGoldAndOilGuy.com
Chris Vermeulen
About the Author
Chris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return. Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com
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