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John Townsend: This weekend I was doing a little reading about the megaphone pattern. By no means was I able to absorb everything I read, but I did learn enough to do a little investigating on my own. And another day I will return to what the learned Read more…
John Townsend: Last evening I was looking at all my various indicator concoctions and started to wonder if perhaps gold still has not made its final D-wave bottom. Read more…
John Townsend: One of the True Strength Index (TSI) indicator techniques I have found quite reliable for yielding profitable SELL signals is called the negative divergence. It has concerned me lately that the Market Vectors Gold Miner ETF (NYSEARCA:GDX) Read more…
John Townsend: As I have written about the HUI Mining Index recently and been watching the related Market Vectors Gold Miners ETF (NYSEARCA:GDX) with some intensity, I thought some readers may be interested in an update on the True Strength Index (TSI) indicator status of the current rally. Read more…
John Townsend: It feels almost ridiculous and nearly irresponsible for me to suggest that gold will fall to below $1430. Personally, I think it has fallen way too much already. In a very short period of time the value of my holdings in mining stocks have been cut in half Read more…
John Townsend: My status as a shareholder of the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX) came to a disappointing conclusion this morning as I sold all my shares for $8.50. The loss sustained from my two purchases was just shy of 50%. Ouch, double ouch, triple ouch and a few Read more…
John Townsend: Since I’ve had a little success trading VelocityShares 2X VIX ETN (NYSEArca:TVIX) I thought a little homework on the subject of the volatility index VIX may help me grasp some fresh perspective. I decided to see if I could get a sense of the degree to which the VIX has been able to stray Read more…
John Townsend: Last April I wrote an article titled Fibonacci Gold and to tell you the truth, I have always been very proud of that analysis and particularly so regarding the beauty and elegance of the Read more…
John Townsend: With the Sunday overnight trade about to begin in the Asian futures market, how about we take a look at what could be the mother of all trend line breaks this week. Yes, I’m talking Read more…
John Townsend: With overnight Sunday trading of gold futures set to begin in a matter of hours I offer this post to lay out some of the parameters of the precious metal’s current technical situation. Read more…
John Townsend: I’d like to introduce you to an acquaintance of mine. I call him the Dinosaur of Sentiment, the Sentimental Dinosaur and just plain T-Rex for short. His real name, however, sounds Read more…
John Townsend: Today, something significant happened in the gold market…. and it’s not good news for the bulls, at least short term. Read more…
John Townsend: This post will offer charts and considerations regarding the technical condition of the S&P 500 (NYSE:SPY) and U.S. Dollar Index (NYSE:UUP) with respect to the True Strength Index (TSI) Read more…
John Townsend: With Ben Bernanke’s public speech from Jackson Hole last Friday somewhat behind us, perhaps this post can provide some food for thought regarding the immediate direction of the dollar, gold and the miners. Read more…
John Townsend: This morning I decided to do a little more work on my previous explorations of gold’s C-wave tops and D-wave retracements. The question for today was two fold. First, what was the maximum Fibonacci retracement of each D-wave and second, how many trading days did it Read more…
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