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Month: September 2016

Economic Spotlight | Chamber of Merchants

Tonight’s Economic Indicators Heading into the weekend, it’s worth noting that some volatility will occur tonight. Some economic numbers will be released which will affect the Dollar and subsequently Gold will also do some whipsawing (This is why I don’t trade Gold directly as the swings are huge, momentary and rapid). UPDATE: It appears that the Euro is under pressure from the banking issue. This is raising the Yen, US Dollar and Gold/Silver together. Also Euro indicators coming through a bit weak. Unemployment remained the same. Interesting so far… The US releases the following numbers tonight: TIME USD Chicago...

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Gold’s RSI Divergence | Chamber of Merchants

Gold’s Price | U.S Dollar 30th September 2016 After a major dip in Gold last night touching around $1320, a strong rebound pushed it back up to where it is now as I type, around $1325.70 USD. I’m not going to discuss the why’s in this post. I recommend you check the speeches by the FOMC members, the housing numbers and the GDP growth data that came through last night to understand why it dipped and then rebounded. [Disclaimer: I’m not a financial advisor. Your wealth is at risk. Seek professional advice and do your own research. You’re reading...

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Breaker Resources | Pump and Dump

Breaker Resources | What Goes Up [Update 3/10/16 BRB:AX Closed at 60c today.] [Update 30/09/16 BRB:AX Traded around 67c today.]   Fantastic gains on BRB:AX recently. Capital raise as predicted 2 weeks ago. Now the price is around 73c. …and  there’s nothing left to  buy in the depth of sales. As a Merchant, we know that supply of shares must be increased. This can only occur by a flush which presents as a dump. [Disclaimer: I’m not a financial advisor. Your wealth is at risk. Seek professional advice and do your own research. You’re reading the thoughts of a trader...

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U.S Dollar DXY Head and Shoulders Pattern

U.S Dollar DXY Head and Shoulders Pattern We could be seeing the final surge in the U.S Dollar if this head and shoulder pattern plays out toward the  elections.   This is a weekly chart so each bar is a week, meaning plenty of movement from day today. If this is the case then as previosuly mentioned, we’ll see Gold and Silver rally.   Jack | the Merchant ___ We’re at the next leg up for the ASX gold miners. Check out my posts, follow me on twitter @ASX_Merchant or subscribe to this public blog in the form below to see...

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U.S Dollar vs Gold | A Merchant’s Perspective

Understanding the global dynamics between the U.S Dollar and Gold. This is a title which deserves a few hours of discussion, perhaps an entire chapter or book and I’d love to explore the topic in depth. However, I’m only going to touch on a few aspects of this often inverse relationship to point your thinking in the right direction.  You see if you’re not aware of the relationships between commodities, currencies, economic indicators and politics, you would be lost: just as I have been many times in my trading journey. [Disclaimer: I’m not a financial advisor. Your wealth is at risk. Seek professional advice and do your own research. You’re reading the thoughts of a trader that has put his own wealth at risk. Don’t base your trades on this information. This entire site is for educational purposes only and a financial professional should be consulted before making any financial decisions] P.S I have never met a financial advisor that happens to be a successful trader… maybe I’ll still meet one. Go figure. :p Trading Gold (GC or GCZ6) You see, when I started trading Gold, I understood the fundamental value of this precious metal. I knew it was going to appreciate due to risk-off market behaviour as well as global monetary policy which was spurring the precious metals back into the market’s spotlight. But none of this was...

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