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Gold, Silver and Crude Oil ETF Trading Update

Commodities / Gold & Silver 2009 May 14, 2009 - 02:23 AM GMT

By: Chris_Vermeulen

Commodities

Diamond Rated - Best Financial Markets Analysis ArticleThis has been a volatile week for the market. Equities sold off Wednesday pulling precious metals stocks with it. Crude oil had a small pullback but energy stocks took a beating.


Gold & Silver Short Term Outlook

Precious metals equities pulled back today for a couple reasons in my opinion.

  1. They are currently at resistance and the upper level of the channel
  2. The broad market sold off big today and that put some pressure on PM equities

I expect we will see some type of pullback which could last 1-2 weeks and at that point let’s hope precious metals rally higher.

Gold Precious Metal Stocks Index – Daily Active Trading Signals

Active Trading Signals

Gold GLD Exchange Traded Fund – Daily Active Trading Signals

Active Trader Gold Signals

Silver SLV Exchange Trade Fund – Daily Active Trading Signals

Trading Active Stocks

Crude Oil Trading - Short Term Outlook

Energy stocks have performed very well but now look to be extremely over bought with over 90% of energy stocks having a bullish point and figure chart. I expect we will see some type of pullback here which could last 5-20 days depending on the speed of the pause/correction in prices. Looks like energy stocks could easily fall back to the 50% mark on the bullish percent chart.

Energy Bullish Percent Index – Daily Chart

Bullish Percent Index Trading Signals 

XLE Energy Fund – Active Trading Signals

Signals for Active Energy Stocks

Crude Oil Analysis

Actively Trading Crude Oil 

Active Trading Conclusion: Gold and silver in my opinion should be moving higher because the board market is so over bought and looks like it’s about to have a sharp correction. Money has been slowly moving into gold and silver the past 2 weeks. If the broad market continues to sell off here we could see gold prices rise nicely and retest the $1000 mark.

We don’t really know how bad the economy really is and if this is just a bear market rally then we could be in for some trouble. I don’t think this is the case but it’s always a good idea know what could happen. If the economy is about to crash it would demand large amounts of money to be pulled from the market and used to fund business and individuals living needs. This means that banks, investment firms and long term investors will start to draw their investments which would include equities, gold, silver, oil etc… pulling all investments down. I don’t really like to think about this but I like to know what could happen so that I can take advantage of market moves going both ways (up and down).

That being said it looks like the market is ready for a pause or correction before it’s ready to continue the rally. Short term traders should be locking in some profits.

Hello, I'm Chris Vermeulen founder of TheGoldAndOilGuy and NOW is YOUR Opportunity to start trading GOLD, SILVER & OIL for BIG PROFITS.  Let me help you get started.

If you would like more information on my trading model or to receive my Free Weekly Trading Reports - Click Here

I have put together a Recession Special package for yearly subscribers which is if you join for a year ($299) I will send you $300 FREE in gas, merchandise or grocery vouchers FREE which work with all gas stations, all grocery stores and over 100 different retail outlets in USA & Canada.

If you have any questions please feel free to send me an email. My passion is to help others and for us all to make money together with little down side risk.

To Your Financial Success,

By Chris Vermeulen
Chris@TheGoldAndOilGuy.com

Please visit my website for more information. http://www.TheGoldAndOilGuy.com

Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com.  There he shares his highly successful, low-risk trading method.  For 6 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets.  Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.

This article is intended solely for information purposes. The opinions are those of the author only. Please conduct further research and consult your financial advisor before making any investment/trading decision. No responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.  

Chris Vermeulen Archive

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