Mover Mike

Adam Hewison at MarketClub says, “It’s been about eight days since we did a video on gold, and given the market action today I thought I would look at what is causing the downward pressure in this market.

If you did not watch my last video on gold, I strongly recommend you click here to watch the video titled “Five Reasons Why Gold Will Not Make a New High This Time” as it will give you a bigger picture of how we see this market playing out in the next 12 months.”

In today’s short video we look at an indicator that we have not talked about before in any of our videos. The indicator, which is an overlay on top of the chart, is called the Donchian Channel Indicator.

Richard Donchian, who has since passed away, came up with this indicator in the late ’40s. The reason why I like this indicator is the fact that it has successfully stood the test of time. I think you’ll really enjoy seeing how it can help you make money in the gold market.

Also in this video, I point out one very important cycle that is in play now and where I think the next tradable low is coming into this market.

As always our videos are free to watch and there are no registration requirements. I would really like to hear back from you, with regards to your thoughts on the gold market. You can comment quite easily on our blog.

Please enjoy the article and  comment below, email me at landfair3554@comcast.net or follow me @movermike

Mike Landfair

Tags: Gold, Precious Metals, trading by MoverMike
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Brad Stafford fills in for Adam Hewison and I have a great new video for you. I’m sure many of you read that title and your mind went in the gutter, but today I’m going to show you a whole new meaning for this acronym and how it applies to gold, silver, and platinum.

These three markets have a lot of volume, government implications, and technicals lining up for potentially great trades. Gold makes a record high, then pulls back. Silver is inching towards an all-time high level and platinum is making people rethink their decision to go with a white gold wedding band.

Where do you stand in these markets and maybe more importantly, where should you stand?

Click here to find out what W.T.F. really stands for and what does it have to do with gold, silver, and platinum?

You’ve got to watch the video to find out.

Tags: Gold, Precious Metals by MoverMike
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Is it the devaluation of the Venezuela currency by 50% or something else that has Gold up $19.10 to $1,156.80  in pre-market trading?

UPDATE: MarketWatch reports

Commodities are also getting a big boost from Chinese trade data, said Potter.

“China’s import and export numbers smashed expectations,” Potter said.

In particular, “China’s iron-ore imports for December were the second highest on record,” he said, adding that “these numbers could really help boost the big miners” and that the data are “further evidence the global economic recovery is gaining momentum.”

How about gold-backed Treasury notes?

Tags: Gold, Precious Metals by MoverMike
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Looking back at Mover Mike in December of 2008, I wrote in The Precious Metals,

So here we are at the end of 2008 and Palladium is back to its lows of 2003 to 2005 and Platinum is back to the $800 area of 2005.

There’s been a relationship between the three metals and to me, Gold looks like 2008 since the peak at over $1,000, has been consolidating. Now it looks ready to break out again to new all time highs.

Gold broke out in 2009, vaulting through $1,000 reaching a high of $1,218 in the first week of December of 2009.  For the year Gold was up about 26%.  What lies ahead for 2010?  I think the period we’ve gone sideways under $1,000 is similar to the final run to $850 in 1980.  From 1975 to 1979 Gold traded sideways under $180 then took of to $260. It had a nasty little pullback to $200 than when it broke the high of $260, it ran to $850 in a year.  I think we are in the same spot now as then.  That means that the most explosive part lies just ahead.  By the end of the year, we trade at $6,500.

Palladium closed 2008 at $188.70 and finished 2009 at $407.26.  Platinum closed 2008 at $936.2 and finished 2009 at $1,460.0. Neither, looks as good to me as Gold,

Silver closed 2008 at $11.27 and finished 2009 at $16.779.  I wrote in January of 2009,

Silver is about $12 and Gold is about $900, that’s a 75:1 ratio. IMO, Gold will go to $1,200. If Silver trades at 30 ounces to one ounce of Gold, Silver would be priced at $40. That’s a darn good gain!

We saw Silver trade as high as $19.295.  The ratio of Gold to Silver is currently about 65:1.  Suppose Gold hits $6,500 and Silver is 55:1, Silver would trade at $118!

Full disclosure: I own both Silver and Gold coins, and Gold and Silver mining shares, along with gold mutual funds and as you can see, am very bullish on Gold and Silver.  Of course there are no guarantees from this end.

Please enjoy the article and  comment below, follow me @movermike and Khrono Stock
Mike Landfair

Tags: 2010 Predictions, Gold, Precious Metals by MoverMike
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Here’s an almost unbelievable story from

Jim Willie, The Golden Jackass.

Please enjoy the article and  comment below, follow me @movermike and Khrono Stock
Mike Landfair

Tags: Gold by MoverMike
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The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.

As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.

In Adam Hewison’s latest video on the Gold market, he gives you an idea of what he thinks is going to happen to this market in the short-term and long-term.

As always our MarketClub videos are free to watch and there is no need to register.
All the best,

Please enjoy the video and  comment below, follow me @movermike and Khrono Stock
Mike Landfair

Tags: Gold, trading by MoverMike
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Gene Arensberg  at Stockhouse reports

Backwardation in Both Gold and Silver

Perhaps the most interesting news this week is that both gold and silver futures ended the week in moderate backwardation, where the cash or spot price was higher than the front active contracts.  In the case of gold, cash gold closed at $1,045.70, fully $5.30 above the December contract as shown in the table below courtesy of Barcharts.com.  Indeed, this time the backwardation is actually strong enough that the cash price was higher than all the contracts going out to August of 2010.

Barcharts.com

Backwardation is rare and unusual in the metals futures markets, but this week we see the same thing with silver as shown in the table just below.

Barcharts.com

While backwardation by itself does not guarantee that the metals will advance in price, it is most definitely viewed by many analysts and traders as a much more bullish than bearish condition.  We need to take note and to trade accordingly.  All else being equal, both gold and silver should, repeat should, remain well bid on most any dip in the near term, especially given the over-sized commercial net short positioning detailed below in the Gold and Silver COT sections.

Tags: Gold, Precious Metals by MoverMike
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Gold has just traded at a new all-time high of $1086. However, adjusted for inflation it should be trading over $2200! Hang on to your gold!

Tags: Gold by MoverMike
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So says Ambrose Evans-Pritchard in the UK Telegraph.

“The debt situation is irrecoverable,” said Carl Weinberg from High Frequency Economics. “I don’t see any orderly way out of this. They will not be able to fund their deficit. There will be a fiscal shutdown, a pension haircut, and bank failures that will rock the world. It is criminally negligent that rating agencies are not blowing the whistle on this.”

Got Gold?

Tags: Economics, Gold, Government Spending by MoverMike
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Yesterday Adam was talking about the S&P being at a potential top…and today it’s Gold?

Big moves and the technicals are really lining up for something huge. But don’t take my word for it, watch this new video about Gold from Adam Hewison at MarketClub.

Sure, even small pullbacks are painful, but it is nothing in the scheme of things.

Please enjoy the article and  comment below, follow me @movermike and Khrono Stock
Mike Landfair

Tags: Gold, Precious Metals, trading by MoverMike
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