Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 671.91

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Nov 14 4:00 PM EST

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To: Sergio H who wrote (36814)	8/23/2012 12:01:07 AM
From: Hawkmoon	2 Recommendations Read Replies (1) of 218838

Definitely appears to be a shift in trend forming on PMs.. Could be the "jawboning" by Bernanke on QE, which will obviously pressure the USD. UUP failed to cause it's Bollinger Bands to flare outward, so it remains rangebound on it's monthly chart. bigcharts.marketwatch.com MACD now trending downward and monthly stochastics rolling over. So will this be bullish for equities? Hmmm... SLV and GLD appearing to be bottoming on the monthly as well.. (plug them into the previous chart).. I see articles that Paulson, Rothschilds, and Soros are loading up on PM's so this could provide impetus for them. zerohedge.com Also, FXE looks very interesting.. We could see the Euro drive up to 1.34, but this negates the argument for the above link, where those investors are supposedly betting on a massive decline in the Euro. Can we have both, or is there a bit of deliberate "deception" being exercised here? The "game" at this moment is to do whatever is necessary to support the Euro and put a lid on USD appreciation. The question is whether it will actually work? But I do see the potential for a trading opportunity in GLD up the 180 level. SLV also looks attractive up to the $32 level. The key is whether GLD can push through it's weekly Bollinger Bands at 160. Theweekly MA's are still in "roll over" mode, but if it can make a major push upward, I'd hop on board the train since the monthly uptrend would remain intact. Either way, I see a major inflection point in the PMs.. and consequently, the overall equities markets. Hawk

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