The portfolio is earning 5.7% interest on the balance and 15% interest on the working capitol.
The Portfolio is up 53% since 7/6/09.
Leverage is 7.2 to 1.
XAU/USD (Gold)
Cost 25.98% interest per year.
If we pull back next week and bounce, I will move my stop up to the next higher level of support. Target for support is 1070. Fib 38.2% level is 1072.
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Added by Michael Yorba on November 7, 2009 at 5:00am —
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Gold
New Position long at 1042 on 10/28/09. Next target is 1205 by 11/15/09. I will move all stops up after the next pull back. It should be higher than 1070 (10/13/09 high).
Silver
New position long at 16.38 Sunday night. If Silver breaks out over 18.10 (10/13/09 high) it should make it to 20.22 by 11/15/… Continue
Added by Michael Yorba on November 4, 2009 at 4:00am —
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Gold
This is the first gap up on the Gold market since early March 09.
If we get some follow through to the up side.. we could go parabolic if the 11/15/09 cycle day proves to be an acceleration point instead of a pivot point. I will be watching with great interest.
All in all this looks very bad for the USD and very good for the Crude Oil market as well. I consider Crude an international currency between countries in the G20
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Added by Michael Yorba on November 2, 2009 at 8:00pm —
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Silver
I decided to buy the dip on Silver Sunday night. I have a cycle day occurring Monday and it looks like it is coming in early. I moved my stop up from 15.70 to 16.04 locking in more profits on the original 13.28 long trade.
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the chart… Continue
Added by Bryan Leighton on October 30, 2009 at 11:05am —
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Silver
I have a cycle day occurring today.
We are now at the 6/1/09 high retest of 16.21 and the recent 78.6% Fib. retracement level. If Silver turns up from here I will be looking for a target of 20.21 by the end of the year. I want to see a couple of closes over the 9/29/09 high of 16.64 to have any level of confidence in the trade.
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Added by Michael Yorba on October 29, 2009 at 4:14am —
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Silver
Sold the last possition at a loss. Put a Limit order to get long just above the 61.8% Fib retracement level 16.79.
Origonal possitions long at 13.28,13.76 & 14.37 are still in with a stop at 15.69.
Gold
Sold the last possition at a loss. Put a Limit order to get long just above the 38.2% Fib r… Continue
Added by Michael Yorba on October 28, 2009 at 3:38am —
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SPY sold off right at 10:00 am after the consumer confidence was announced. There will be gap window support at 106.25 and then gap fill at 105.90. Both levels are going to be good short tern intraday support.
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the chart… Continue
Added by Bryan Leighton on October 24, 2009 at 6:04pm —
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InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts… Continue
Added by Bryan Leighton on October 22, 2009 at 11:10am —
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The Monthly Chart gives me a target of $328bbl next yr. After looking at the Weekly charts triple bottom Dec 08 through Feb 09 and the break out over the double top June 09 through Aug 09. I think we should trend higher into the end of the year before a significant correction.
Crude Oil Dy.
New Position Gold
Looks like I entered the position 3 days early. I decided to hold the position based on my longer term out look of the market cycle and low leverage. The market ended the week with a near exact 61.8% Fib. retracement. If we hold this support next week I will be looking for strong rally into the next target zone of 1115-1123.
… Continue
Added by Michael Yorba on October 17, 2009 at 4:33am —
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InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts… Continue
Added by Bryan Leighton on October 16, 2009 at 11:24am —
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InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts… Continue
Added by Bryan Leighton on October 15, 2009 at 11:04am —
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Gold since the beginning of recorded time has been viewed as the one true currency. Ancient civilizations such as the Egyptians, Persians, Babylonians, Greeks, and Romans all had gold as the one true currency in their monetary systems. While fiat money systems have come and gone gold has stood the test of time. Even Christopher Columbus was seeking to trade for gold when he founded the new world. Why was gold so heavily sought after? What is so special about this metal that men are willing to di… Continue
Added by Bryan Leighton on October 12, 2009 at 2:15pm —
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I am looking for a minor pull back in the metals going into Tuesday. If we get a good setup, I may buy more Gold and Silver.
The big Picture on Gold looks like we are just starting E Wave "3" this is a Monthly chart starting Aug 2001.
The big picture on the USD is still bearish to me. I have included a Monthly chart on the USD starting Aug 2001.
That last rally that ended March of 09 was just over a 78.6% Fib retracement on the 11/05 to 3/08 decline.Unless we have major "Successful" intervention… Continue
Added by Michael Yorba on October 10, 2009 at 6:00am —
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