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Precious Metals Charts Point to Lower Prices – Get Ready
Is it Time to Follow The Herd into Trading Gold and the SP500?
Are you the type of trader who follows the herd? Do you use herd mentality against the market? Or are you a "contrarian investor"? Over the past 2 weeks we have seen the market sentiment change three times from extreme bullish to bearish and back to bullish as of today. Normally we don’t see the herd (average Joe) switch trading directions this quickly.
High Volume Resistance Plagues Precious Metals, Crude Oil & SP500
Last week was a relatively strong week for stocks and commodities. Although the SP500 closed slightly lower on the week the price action Friday was strong. The recent pop in commodities has everyone feeling good and bullish again and we all know how the market works… When everyone is feeling good the market has a way of shaking things up.