Archive for September, 2011

Short lived gold trade… breaking treasuries…

Posted on Sep 28, 2011 by .

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No sooner had there been a buy signal in the gold and silver than it was canceled.  Today.  Right now.  Talk about slippery markets.  We hate to post letter so often, but in these markets it looks like you might as be live full time.  We think some smart guys tried to buy the bottom in gold — the way they did several weeks ago — but his time they outsmarted themselves and bought the falling knife.  We’ll watch it and try to time the next knife.

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Greased pig markets…

Posted on Sep 27, 2011 by .

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The purpose of the gold downthrust was to dislodge investors, and indeed it tripped our long term stop.  Then true to form, like a greased pig it put in an island reversal and spurted up.  This is a buy signal.  Silver did somewhat the same thing.  It gives one the uneasy feeling that these markets are being manipulated.

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Gold and silver take gas…

Posted on Sep 24, 2011 by .

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Our letter last week in gold was singularly well timed.  And illustrates a valuable lesson.  Don’t wait around.  Something bad might happen.  Traders would now be justified in being short gold and silver, and as may be seen here the long term stop is being threatened.  If the threat is realized it would be unwise to ignore it.

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Surprised? Then you haven’t been reading the letters–or the handwriting on the wall

Posted on Sep 22, 2011 by .

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Here the link to our June 11 letter:

http://www.edwards-magee.com/?p=2862

And here is a quote from the letter:

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And you thought the bull market was back on….

Posted on Sep 20, 2011 by .

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The purpose of weeks like last week is to inspire hope in investors who are clinging to their stocks.  An old Wall Street nostrum has it that the market climbs a wall of worry and slides down a slope of hope.  Not for our readers.  Reality is the only thing that counts here, not opinions and forecasts and bargain stocks to scarf up.  The seven day up wave is kaput, dead, history –The last bar here was taken before the market turned down and finished in the red.

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