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Gold has finally left the launch pad

August 25, 2018 // 0 Comments

ANNOUNCEMENT   I have engaged a professional website deign team to upgrade my website and they are working on it as I write.   They tell me my site is showing its age!  I’m sure they are right.  More details as and when.    Last week, several of my markets made strong advances that I had been waiting for (see last week’s and previous posts). The [...]

As I said, sentiment is supreme

May 27, 2018 // 0 Comments

In a previous post The Oil Price is Suddenly Hot News – Has it Topped?, I pointed to the manic extreme bullish posture of hedge funds in the crude oil bubble which was waiting for the pin to arrive.  It duly arrived on Friday. It matters not what the pundits chose to identify as the ’cause’ of the 5% crash.  The MSM is always full of plausible-sounding [...]

This is why market sentiment is supreme

May 19, 2018 // 0 Comments

Last time, I explained at length why your views are not nearly as important in forecasting the price path as that of the other traders.  Unless you have more funds available than hedge funds, central banks and governments put together, your trading will have precious little impact on the current price. So who sets the price? This is a common question among the [...]

The oil price is suddenly hot news – has it topped?

May 12, 2018 // 0 Comments

Yes indeed, the surging oil price story is all over the media with forecasts for $100, $150 and I even saw one for $300 yesterday as they come out of the woodwork in a torrent.  It appears everyone is finally on board the bull train now.  And that is precisely why I am seriously questioning the bull story. After all, I am a fully paid-up contrarian and the current setup [...]

Stock market action – it’s hair-raising!

May 5, 2018 // 0 Comments

Hair-raising is the word for it – trading the US stock indexes I mean and is a day trader’s dream with daily Dow moves of many hundreds of pips.  Yes, I sometimes engage in very short-term trading, but my main interest is in trading the major swings that can last anywhere from a week to a few months. But here is a great example of how I day trade. Of course, [...]
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