Thursday, June 28, 2012

$SLV breaks support level


Silver $SLV broke support level at $25.80. Gold still above its support level. Let's see what happens in the next couple days. If GLD breaks support level at $148.00, I am selling GLD.


Friday, June 22, 2012

S&P key levels

The S&P has bounced from its short term lows to its 61.8% fib ratio and retraced back to the 38.2% level. From here if the S&P breaks below 1290, we can see further weakness. On the upside, a close above 1345 can mean the continuation of a rally to the 1400 level


Thursday, June 21, 2012

great interview with Jeremey Grantham

In 2010, Jeremey Grantham gave Maria Bartimoro an interview. In this great interview, Jeremey Grantham talks about FED and the investing environment for the next few years. I happen to agree with Mr. Grantham in most of his opinions.