Trader’s Narrative

Last time I wrote about the beleaguered US dollar, it was just kissing its long term support at 80.
It managed to bounce (feebily) making it the sixth time to bounce off that support line. Alas, it seems there won’t be a seventh as the US dollar has managed to fall through to close around 79.
Take […]

A quick follow up to gold and gold stocks:
Although both the yellow metal and related equities have continued to rise, something is conspiring to keep a tight lid on the rally. And no, it isn’t a wide reaching and vast conspiracy involving central banks, hedge funds, the Easter Bunny and Mossad.
Last week, gold sentiment […]

With increased chatter that a US attack on Iran is imminent, oil has been on a tear. And today’s release of government data showing that supplies dropped by 7 M barrels propelled the futures above $80 on the Merc.
In case you’re keeping track, that is the highest price that oil has ever traded (for the […]

The two major groups in the stock market have been and will always continue to be large, well capitalized and well informed “insiders”; and the small, underfunded, emotional, ignorant retail investors and traders.

These two groups engage in a financial dance which invariably concludes in the long term with one group enriching the second. Although they […]

It would seem that the stealth uranium bull market is over. After spending the past few years levitating non-stop into the stratosphere, uranium (U3O8) prices finally succumbed to gravity in June, topping out around $135/lb.

Since then prices have dropped to $90/lb (not shown on graph above). The effect on uranium stocks has been nothing short […]