Gold Breaks Out Of September 2011 Trendline

Just when one thought the North Korean crisis had died down, Kim Jong-un fires another missile.  Did gold anticipate this?  On Monday, the metal scored what could turn out to be an important breakout. To be fair, gold reached a … Continued

ITB close to breaking crucial support

posted in: Economy, Equities, Technicals | 0

U.S. home builder sentiment chirpy, near multi-year highs Just a matter of time before sentiment follows home sales/starts lower Stocks follow builder sentiment; ITB perilously close to breaking crucial support Hope springs eternal.  U.S. home builders are an optimistic bunch.  … Continued