Technical Analysis of Stock Trends: The Bible of Technical Analysis

Buy gold. Sell dollar. Carefully.

Posted on Sep 08, 2009 by WHC Bassetti.

0

090908gld 090908uup While gold broke to new highs today (not well shown on this chart, but still happened) the dollar broke to new lows. Our considered opinion and analysis is that this is just a leg up, and not the beginning of the end.

Continue Reading

Buyable and non buyable ETFs- building with Chinese BRICs

Posted on Sep 05, 2009 by WHC Bassetti.

0

090905eeb 090905fxi Our list of ETFs currently looks like this:

DBA, MOO, FXE, INP, RTH, XHB, USO are not on our good list.

090905xlf Then there are some ETFs in apparent uptrends with more or less favorable patterns like XLF. These are:

IWM, IAI, XLF

Continue Reading

Gold! Gold! Gold in… (also silver)

Posted on Sep 03, 2009 by WHC Bassetti.

2

090903gld

090903slv

These are strong buy signals in gold and silver. We pointed out a few letters back that triangles were being set up in these issues. the breakout has occurred. We are adding to our positions in these issues. Note, of interest that gold is bouncing off the 2005 trendline. We have been basically long gold for years, but you don’t want to hear the details. It would make you celebrate and cry.

Continue Reading

Rare earth stocks, a new form of lottery tickets

Posted on Sep 02, 2009 by WHC Bassetti.

0

090901lycax 090901nemffpk1 090901qsurfpk1 090901resv1 July 2 we looked at a group of rare earth stocks looking for lottery tickets. (Or a way to get rid of excess capital.) We bought some of these and think some of these might turn into winners. But, as we said, treat them like lottery tickets. 100% risk. We don’t even bother to check their prices except by accident. One more of John Magee’s rules we break.