Trader’s Narrative

A recent article shows the chart to the left which demonstrates the correlation between crude oil prices and the size of the passive long-only institutional investor.
This is a topic that I’ve been harping on ever since last year, as a barrel went for $135: What is really going on with the price of crude oil? […]

As gold bullion made a third attempt at the round number $1,000 there is a rush to feed a seemingly insatiable demand for gold securitization:

The most recent related IPO was the Claymore Gold Bullion Trust (CGL.un) on the Toronto Stock Exchange. Claymore is a small but innovative Canadian based asset manager and they’ve created a […]

Last summer I showed the inflation adjusted price of crude oil - below is the updated chart:

Source: Chart of the Day
It really puts last year’s crude oil bubble into proper perspective. Not only was it about 30% more intense than the 1970’s oil shock, it towers over the other price spikes we’ve seen.
What is even […]

By Robert Prechter, CMT
The following article is adapted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this revealing 40-page eBook, download it for free here.
I have often read, “Gold always goes up in recessions […]

By Robert Prechter, CMT
The following article is excerpted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this fascinating 40-page eBook, download it for free here.
Have you ever traveled abroad and taken a look at […]