Category: Precious Metals

Dow Theory update for Sept 26: Finally, we get a 3% pullback

posted on: September 26, 2012

However, precious metals still resilient The three stock indices I monitor closed down for the day and we get some news which I would label of “tertiary” importance. I see three kinds of movements. The first is the primary trend or primary movement which may span more than one year. The second one is the […]

Dow Theory update for Sept 25: All markets down. No technical damage yet

posted on: September 25, 2012

Talk about resilience!! The long awaited secondary reaction hasn’t materialized yet, all the big declines of today notwithstanding. Today all the markets we monitor closed down. However, as I noted yesterday, not even a minor insignificant low has been broken yet. I quote from yesterday’s post which you can find here However, the decline experienced […]

Dow Theory update for Sept 24: Not even a secondary reaction…yet

posted on: September 24, 2012

Today has been a mildly down day. Both the SPY and the Industrials closed down. The Transports, again diverging, closed slightly up for the day. Since Sept 14 the stock market has been unable to make new highs. However, the decline experienced until now is so mild that even the last minor recorded lows (they […]

Dow Theory update for Sept 21: Transports give a warning

posted on: September 21, 2012

However, both primary and secondary movement remain bullish As to the stock market, the Industrials, SPY and the Transports, all finished down for the day. Technically, the SPY and Industrials keep being very close to their last recorded highs, so nothing has changed. The Transports violated today the last significant low (which was the lows […]

Dow Theory update for Sept 20: Bull market continues

posted on: September 20, 2012

Today was another day without changes. Both the primary and secondary trend of the markets we monitor, namely, S&P, Industrials, Transports, Gold, Silver and their respective ETF miners continues unchanged. The Industrials closed slightly higher establishing a new record high since the inception of the primary bull market on June 4 (signaled by the Dow […]

Dow Theory update for Sept 19: Bullish trends intact

posted on: September 19, 2012

Today has been another day with negligible movements. All the three indices (Transports, Industrials and S&P) we monitor under Dow Theory closed slightly up for the day. All of them are under the 09/14/2012 highs. Volume has slightly higher than yesterday’s (which was a mildly down day), so the bullish pattern of volume continues. Gold […]

Dow Theory update for Sep 18: No news. Both primary and secondary movements remain bullish.

posted on: September 18, 2012

Long term bonds: Still not ready to collapse. The good thing of applying Dow Theory to analyze the markets is that it is sufficiently long term to allow you not to be glued to the screen all day long, while, on the other hand, it is nifty enough, to get you out soon when trouble […]

Dow Theory update for Sep 17: Zzzz!!!

posted on: September 17, 2012

Today was another irrelevant day from a Dow Theory standpoint, so I’ll try to keep this post short. All the markets we monitor went down. However, one day down signifies nothing under Dow Theory. Therefore, both the primary trend and the secondary one remain bullish. As you know from other posts in this blog, I’m […]

Is really gold glittering? Who benefited most from QE?

posted on: September 14, 2012

In spite of the breathtaking rally we have recently witnessed in gold, in spite of the primary bull market that was signaled in gold on August 22 by the Dow Theory (*) which has been commented ad nauseam in this blog, in spite of QE, there remains a nagging question: Is really gold so strong? […]

Dow Theory update for Sept 14. New market highs confirm again primary bull market

posted on: September 14, 2012

Today is one of this days when there are no news under Dow Theory. The three stock indices I monitor (Industrials, S&P and Transports) all closed up, thereby making new absolute highs since the primary bull market got started on June 4, 2012 (signaled by the Dow Theory on June 29). For more details […]

Dow Theory update for Sept 13. New market highs confirm again primary bull market.

posted on: September 13, 2012

Transports finally confirm under Dow Theory. The good thing of the Dow Theory is that it doesn’t provide us with “news” every day. However, today is one of those rare days that are vital to understand future market action. Today is an important day. The three stock indices I follow under Dow Theory: The Industrial, […]

Dow Theory update for Sept 12. S&P, Gold and Silver: Both primary and secondary movement bullish

posted on: September 12, 2012

Today, again the three stock indices I monitor under Dow Theory closed up for the day. The Industrials and the SPY made higher highs. Actually we are at the highest point for both indices since the inception of this primary bull market on June 4 (signaled by the Dow Theory on June 29). The transports […]