It’s the weekly commodity edition of What the FICC?
Today, we focus on metals and the differences between correcting though price versus time.
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Today, we focus on metals and the differences between correcting though price versus time.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
We all learn how to fall – the sooner, the better.
As adults, we forget this is one of the first skills we learn early in life. For better or worse, my one-year-old reminds me daily.
He’s amazing.
Yes, I’m one of those proud, doting fathers. But his coordination and acrobatics keep both of us out of the pediatric ER (and me, the doghouse). He pops right up whenever he hits the ground and keeps chasing his older brother.
Pure gold.
Since my mind is always lost in the charts, his agility and doggedness remind me of gold’s resilience during the past two years.
by JC
Remember when they told you Gold was a hedge against inflation?
It wasn’t.
Remember when they told you Gold was a safe haven asset?
It wasn’t.
Remember all those times the Gold bugs made up fairy tales about future price appreciation for their rocks?
It never happened.
And so here we are. Well over a decade later, Gold prices are actually still down 6% from their 2011 highs. Silver is somehow still down over 50% from those highs.
Think about the opportunity cost of owning precious metals instead of pretty much anything else.
So. Is this time different?
Is this the time for Gold to finally shine? [Read more…]
This is the recording from the December 2022 Conference Call for Members of Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframes. We want to look at Large-caps, Small-caps, and everything in between before getting into the Sector and Industries themselves like Energy, Banks, and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full:
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Not only are commodities losing their leaders, but the leaders are losing their former 2018 highs. As bearish as this sounds, commodities still deserve the benefit of the doubt.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Not only are commodities losing their leaders, but the leaders are losing their former 2018 highs.
Heating oil futures just posted their lowest level since February. Meanwhile, gasoline and crude have printed fresh year-to-date lows, taking out their prior cycle highs.
Now what?
Should we expect broad selling pressure to hit the commodity space?
Not so fast… [Read more…]
by JC
Who loves a weaker Dollar the most?
Have you run the numbers?
If you take it back to when the internals of the US Dollar began to deteriorate, you’ll quickly see that the correct answer is: [Read more…]
by JC
This is the video recording of our December 5th Monthly Charts Live Strategy Session