Lisa McMahon
Free Week of FOREX at EWI until February 29
Our friends at Elliott Wave International have just announced the beginning of their popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services — at ZERO cost to you.
You can access all the charts, analysis, videos and forecasts from EWI’s trader-focused Currency Specialty Service right now through noon Eastern time Wednesday, February 29. This service is valued at $494/month, but you can get it free for one week only!
It’s an exciting time in the Forex world. Since the mid-January low, the euro has rallied strongly against the U.S. dollar. Is this just a temporary setback in the EURUSD decline that began in May 2011, or is there more to this euro rally? Find out during EWI’s Forex FreeWeek — on right now!
Learn more and get instant access to EWI’s FreeWeek of FOREX analysis and forecasts now — before the opportunity ends for good. Continue reading
Washington is destroying our economy – and your wealth
Washington puts us $4.1 billion deeper in debt every day. If our nation were a company… we’d be out of business. If it were a family… we’d be living on the streets. If it were a species… we’d be on the verge of extinction. How can you protect yourself? Continue reading
The Gold-Silver Ratio –Another Look
by Andrey Dashkov, Casey International Speculator
The gold-silver ratio (GSR) measures how many ounces of silver one can purchase for an ounce of gold, on a certain date.
Reference to the ratio has a long history. One of the first mentions was that upon the death of Alexander the Great, the ratio was 12.5 to 1. During the Roman Empire, the ratio was set at 12. By the late 19th century, the ratio had risen to 15.
Interestingly, these historical ratios roughly reflect geologists’ estimates that silver is 17 times more abundant than gold in the earth’s crust. This gives many investors a reason to believe that 17 is the natural balance between these elements, and that eventually the GSR will return to it.
Monitoring the GSR is quite popular among gold and silver investors. It seems that whenever it makes a big move, many start drawing conclusions about the direction of the prices of its underlying metals. Continue reading
A Word on the Silver Correction
By David Galland, Managing Director, Casey Research
Today I’d like to share a couple of thoughts on the matter of the correction in commodities about which we have been so vocally warning, and which has now occurred.
After having written in early April about the possible market response to the end of QE2, specifically about it knocking the legs out from under the overbought precious metals and other commodities, the metals continued higher, causing some readers to express concern that we had led them astray. And any number of analysts opined that the market had already priced in the end of QE2 and thus, even after Bernanke’s press conference, had decided it was go, go, go for higher commodity prices.
Yet, I think it is always a mistake to credit “the market” with any real predictive value. Reactive, yes. Predictive, no. Benjamin Graham had it right when he first penned the profile of Mr. Market as being a maniac, as likely to overpay for an asset as he is to sell too soon. Continue reading
Precious Metals vs. the USD
An interview with Karen Roche of The Gold Report
One sure upshot of the quantitative easing money flooding the stock market will be further distortions, chaos and unpredictability that make the value-investing proposition difficult, if not impossible, according to Casey Research Chairman Doug Casey. On the eve of a sold-out Casey Research Summit in Boca Raton, Florida, Doug returns to The Gold Report. In this exclusive interview, he warns, “Like it or not, you’re going to be forced to be a speculator.”
The Gold Report: When the average investor turns on the news, even on financial channels, they hear that the U.S. economy is in the best shape it’s been in for three or four years. While the experts say the recovery is slower than anticipated, they expect its slow recovery will equate to a long, slow growth cycle similar to that after World War II. You have a contrary view.
Doug Casey: The only things that are doing well are the stock and bond markets. But the markets and the economy are totally different things – except, over a very long period of time, there’s no necessary correlation between the economy doing well and the market doing well. My view is that the market is as high as it is right now – with the Dow over 12,000 – solely and entirely because the Federal Reserve has created trillions of dollars, as other central banks around the world have created trillions of their currency units. Those currency units have to go somewhere, and a lot of them have gone into the stock market.
Free eBook – Use Trendlines to Improve Trading
Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions, by Senior Analyst Jeffrey Kennedy.
In this free 14-page eBook, Elliott Wave International Senior Analyst Jeffrey Kennedy shows you the power of simple trendlines. Jeffrey will teach you step-by-step the many ways to apply trendline techniques, how to use them to make trading decisions, and how doing so can mean trading success. When you add trendlines to your trading arsenal, you stop guessing and start strategically planning when to take advantage of a trend or when to get out.
Through practical, real-world lessons Jeffrey shows you why, in his words, a trendline is a simple, crucial tool. You’ll learn 5 ways to draw trendlines, including critical techniques to find support and resistance, the end of a move, and changes in trend. You’ll be amazed at how a tool as simple as trendlines will tell you critical information about a market.
Only Available until February 7 -
Gold might go up by an order of magnitude or more
Doug Casey: Exception Among Equities
Karen Roche of The Gold Report
The Gold Report: Doug, at a recent conference you said that the U.S. ought to default on its national debt now. Why that rather than letting it play out? Continue reading
New Deflation eBook Available Now
New Deflation eBook Available Now: Our friends at Elliott Wave International have just released a complimentary 90-page ebook on deflation from Robert Prechter. As deflation fears are back in the news and most likely also on your mind, it’s more important than ever to — at very least — give the deflationary scenario a serious look. After all, deflation could pose a serious risk to your wealth if it occurs, and no one has explained the potential threats — and how you can survive them — better than Prechter. Even if government stimulus and out-of-control spending have you more convinced than ever that inflation is dead ahead, we recommend that you take a look at Prechter’s reasonable argument to the contrary — just in case the markets surprise everyone as they so often do. Download Your Free 90-Page Deflation eBook from Robert Prechter Now.
The shine comes back to gold
We have had a number of folks on our blog asking us about upside targets in the gold market. Hopefully this short two minute video will answer those questions.
Our “Trade Triangle” technology flashed a buy signal on gold at $1,210.52 on August 12. Since that time the gold market has rallied some $15.
I think you’ll find this video on one of the most emotional markets in the world to be right on the money.
Please feel free to add your insights on this market in the comments section. Continue reading
