Carl Swenlin: Gold (Almost) Resuming Long-Term Advance

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

Gold Resuming Long-Term Up Trend? by Carl Swenlin On the weekly chart below, we can see that, after making a new, all-time high back in August of 2011, gold went into a correction/consolidation mode, ultimately forming a descending triangle. While this formation suggests lower prices (the flat line is the weakest), price broke up through […]

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Many investors are betting on social unrest, soon. Gun manufacturers Smith & Wesson (SWHC) and Sturm, Ruger & Company (RGR) are close to new breakout highs – check the trend on the multi-year charts: These two charts correctly predicted US election results long before the final votes were tallied. (via StockCharts.com – click to enlarge) […]

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Since Obama’s re-election, Marc Faber has been on an absolute tear, predicting PAIN for all involved in the global economy and financial markets (basically everyone on planet Earth).  His latest interview is a beauty – which he began by telling the CNBC anchors that they should open up a psychiatric clinic because they make everyone […]

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Top commodity trader Peter Brandt writes that gold is entering the next leg up in its bull run, evidenced by its recent breakout vs the Swiss Franc, which he uses as a leading indicator for the price of gold in general.  He sees a breakout for gold vs the Swissie on the daily, weekly, and […]

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A new report from the International Energy Agency expresses perhaps the most bullish “official” outlook on US energy production in recent memory.  The IEA projects US oil production to surpass Saudi Arabia’s by 2017, ultimately resulting with the US as a net exporter of oil by 2030. By around 2020, the United States is projected […]

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Have to love that volatility when you’re slinging covered calls on blue chippers! The market has now decided that Microsoft’s outlook is not fatal, at least for the time being.  We initially bought MSFT at 29.76 on Oct 5th, selling one covered call simultaneously, and another one into the ensuing crash. This reduced our cost […]

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Fantastic line from Marc Faber in his latest CNBC interview: “If Greece can rebound by 65%, the greatest garbage can rebound by 65%.” He cited Thailand’s 250%+ rally off lows, and Greece’s recent rally of 65%, as reasons that beaten down stocks in China and Japan could also rally.  Despite what he concedes as deteriorating […]

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The Atlanta Fed issued a chart illustrating where the “big money” is laying down cash for US homes – namely the areas that were hit the hardest by the bust (Arizona, California, Nevada, Atlanta). I know there are hedge funds buying up tracts of homes here in Sacramento, as I have a friend who was […]

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