SwarmUSA.com
"It's the DEBT!" We're Doing Something About it! Join the Swarm!

Welcome!

Like most people who end up with their own blog, I have become overwhelmed with the job of managing information. I subscribe to numerous feeds and literally swim as hard as I can just to stay up to date. Many people I know have asked about where I source my news and commentary and it becomes an awkward, unwieldy experience trying to encapsulate a cogent reply. So this blog is my attempt to point people to a single place where information I follow flows. My blog list is very extensive and I have tried to whittle it down substantially. I am also on the prowl for more blogs, therefore all recommendations will be highly valued! I have daily feed straight to this site some of my favorite content. Daily review of Mish Shedlock, Nathan Martin, Jim Sinclair, GATA, and Martin Armstrong are essential IMO and will be posted here. Also, I endeavor to provide weekly Technical Analysis of Gold, Silver, US Dollar, and select markets. I hope to provide some with an exposure to technical analysis, and at the same time hone my own skills. Also, I will be adding commentary to the daily feeds from other sources. In time, this will be the primary focus of my blog as frequent visitors will channel feeds appearing here directly to their own sites and will come here for either analysis or commentary. I hope you find some utility here and it serves you well out there in the Matrix!

Wednesday, April 14, 2010

6 mo

The dollar's divergence has been confirmed now that a downtrend is in place with the lower high and lower low. Also, the 4 month uptrend channel has been broken to the down side with support now waiting 79.50 and being provided by previous low, the Bollinger band, and nearby Fibonacci 38.2% retracement. Weaker dollar is the traditional booster to gold and silver, with an 85% correlation factor. RSI is dead in the middle range with plenty of downside potential available. Stochastics are approaching over-sold and I will be looking for the embed.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)