So far this week has been generous with our commodity ETFs moving higher, other than natural gas which is clearly in a bear market. Each of the commodity ETF trading charts below is at a different stage and it will be interesting to see how things unfold in the coming weeks. Trading ETFs is very rewarding [...]

November – 15th Commodities continue to perform well as the US dollar tests the October lows. If we step back and take a look at the weekly charts of the gold, silver, oil and natural gas ETFs we can get a better feel for what to expect in the coming week. Trading commodity ETFs can be [...]

November 13, 2009
The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor eBook.

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Large banks and more recently pension funds have suddenly become infatuated with gold.  They chant the mantras that gold bugs have known for years: gold is a store of value; owning gold is financial insurance; an ounce of gold will always buy a good suit.  The idea is that if the economy continues to weaken and share prices decline, a strategic allocation of the precious metal will hedge and offset some of the losses in the financial sector.

On the surface it seems to make sense and it’s hard to argue with the logic.  Even so, logic can sometimes get twisted, whereas facts cannot.  The …

So far this week has been slow in regards to commodity etf funds. Gold continues to shine while silver refuses to make a move higher. Crude oil has a nice bull flag and we are waiting for a breakout and setup while natural gas continues to see selling pressure. ETF Trading Tip: Waiting for these [...]

Everyone is talking about commodities as the place to be in the coming months. I tend to agree, but it is still important to know where each commodity is trading to maximize returns and reduce risk. That being said we are also seeing money flow out of the small cap stocks and into the large cap [...]

Nov 4th, 2009 Precious Metals ETF have gone wild the past 2 weeks. Last week we saw gold and silver prices drop sharply as it shook out short term trader’s stop orders before breaking out and moving higher. Also there is a disconnect between the gold and the dollar. Energy commodities like natural gas and crude [...]

Nov 1, 2009 The last week of October was something else. Heavy fiscal year end selling for mutual funds seemed to put a damper on good news and push stocks and commodities lower. October is historically a tough month on the US market with mutual funds locking in profits on their books. Below are some charts showing [...]

Commodities and stocks almost look ready for a rally or at least a relief bounce. The market is down over 5% and the normal pullback this year has been 4%. Using technical analysis and inter-market analysis we can see that the market is reaching extreme lows and this usually means we are only a couple [...]

To meet the growing needs of investors interested in investing in the broader, yet small-, micro- and nano-cap skewed, precious metals mining sector (i.e. the ‘juniors’)  4 new indices have come on the scene lately to wide acclaim. They are the Gold and Silver Companies Index (GSCI) and the Precious Metals Warrants Index (PMWI) and 2 all encompassing commodity-related company indices (i.e. also including commodities other than just gold and silver) the Commodity Companies Index (CCI) and the Commodity Warrants Index (CWI).

These new indexes are ideal supplements or even replacements for the HUI and the XAU which only track the performance of large-cap gold and silver mining/royalty companies. The GDM is only slightly more skewed to small-cap mining companies. The CDNX is, at best, a make-do proxy for the performance of micro/nano-cap ‘junior’ mining companies that are almost exclusively involved in the exploration for gold and silver and the development …

The past week in gold, silver, oil, natural gas and the broad market wasn’t anything to write home about. We are seeing controlled profit taking which is making the market choppy. Many traders are getting very bearish on the market which is a good thing in my opinion. According to my market internals, sentiment and [...]