Once again, gold is the big story. We’re seeing a fairly dramatic end-of-year liquidation, and it’s retraced so much that we’re almost entering bear market territory. I’m calling this the beginning of a bear trap: the trend followers are no longer getting long and are starting to get short—which in my mind is a buying [...]

Folks, as you may have heard, there was some good news out of Germany earlier today. Chancellor Angela Merkel approved giving new power to the European bailout fund—what they’re calling the European Financial Stability Facility. It still has to get through parliament, but it’s a baby step. This measure certainly isn’t going to end the [...]

Folks, pardon the pun, but gold is melting again. And when I say gold, I mean the front-month futures contract, not ETFs—real gold, not a worthless piece of paper. If you’re still trading commodities ETFs, I implore you to get rid of the garbage and look into the inherent advantages of the futures market. Elliott [...]

Folks, there’s an old saying on the floor of the exchange: when others are buying, you want to sell, and when others are selling, you want to buy. The professional traders, the guys who know the markets like the backs of their hands, understand that psychology drives the markets as much as anything. They’ve trained [...]