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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, June 2, 2010

Some borrowed charts...

...from Clive Maund that sum up my concerns right now.  Silver had a great opportunity but has not moved.  Anybody with experience in the silver trade will tell you that hanging around waiting for something to happen usually ends in disaster.  You get an idea and put a play in motion.  If nothing happens, get out.  I feel this is happening in silver right now.  The risk is too high for me to hang around.
 



The S & P has been living on liquidity transfusions provided by Big Ben Bernanke and his Bubblicious Quantitative Easing Machine.  MOPE (Management of Perception Economics) has evolved into an art form.  The rhetoric about how strong our recovery is reaching a crescendo, these charts suggests otherwise.

 


The copper chart looks hideous!  


The HUI, a broad index of miners much like GDX, is not looking that great either.  I concur with Clive Maund that short of an explosive breakout from both gold and silver, the path of least resistance is down.

 
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