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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 21, 2010

GLD 20 April

6 Mo: "

via StockCharts.com

"

GLD is finding support at the 18 day MA and bounced off it smartly. Resistance is coming in a zone between 113 and 114 which corresponds to the previous swing high, the Jan high, and the Fibonacci 68.2% retracement. The moving averages are in the preferred bullish configuration with all lying below the current price in order from shortest to longest, all providing support. If gold is going to break out, the chart says it is ready. A break above 114 indicates a run is likely to the previous all time high of 119.69. A buy with a stop below 114 is in my future
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