Here is a must read perspective:
Gold Signals Possible New Shock
I myself blogged about 6 months ago:
" GS was recently "ordered" by USA gov't individuals (speculate), even though the lease rates for gold are NEGATIVE since the beginning of June, to "knock" the price of gold down on or about June 18th. GS followed orders and knocked gold down ... and took the rest of the commodities and the market with it. Of, course, the USA gov't needed to sell their 100+ billion in "funding" the week of June 22 - 26 soooo, the manipulation is okay ... if it's the gov't? AND ... what financial entity leases gold, diliberately, AT A LOSS (that's what WILL happen when the lease rates are negative) unless it IS manipulation? I'd LOVE to lease gold and payback LESS. Sign me up! "
There are many things to look for ... real sellers, of substantial amounts of anything, look to "maximize" the potential outcome of their "sale" by combining, or leading, with the sale of calls, futures, or the buying of puts ... these can be used as leading indicators that a "big" sale is coming. When, these DON"T happen ... it's a pretty good guess the financial entity is, or was, being order to dump ... to drive the price down. Of course, the sale of calls and futures, or the buying of puts ... are positions that are constrained by time. there is a expiration date that is final ... and you either buy back the shorted calls, futures, or sell the puts before you get to expiration, or you accept delivery. That could be viewed as bullish and undermine and defeat the original selling intent. [more]
I ran a screen based on seasonality, and then my own charts ... I had to write my own code to do that ... and it appears that CHK offers "volitility " peaks and dips, ... both buying opportunities, and selling opportunities, in the chart overlays that occur even during the winter "heating" season ... over the next 10 days, NY City will be down into the 30's F ... and the brokers, and floor traders will be forced to think about heat as they pop in and out of the cold. ( Smiling and grinning - yes I am! ) That should be real good for CHK, LINE, SD, etc. [more]
If you are following FAZ and FAS it's absolutely necessary to know the components. Visa (V) and MasterCard (MC) both have been reporting declining "credit" card use and increasing "debit" card use, for several quarters now. . Both V and MC process card transactions, NOT card accounts,. The banks issue the cards, carry the debt, and therefore all the RISK. Knowing this helps, should help, to identify as a "bill of goods" any blog, news article, or report that is "hyping" increased risk of card defaults dragging down the financials.
One news report was surprised that a couple of "financials" were only reporting about 36% of the expected write-offs. Surprised! WHY? If people are using their debit cards MORE and their credit cards LESS ( and V and MC, both, are TELLING us this is EXACTLY what is occuring ...) ... it's likely they're paying down debt and only spending money they KNOW they have. Now, this is GOOD for the financials ... but probablly, not good for an economy built on "out-of-control" spending. Hopefully, there is a happy middle ground somewhere out there. [more]
One of the websites I check, when I can, is: http://www.kitco.com/ [more]
I have a suggestion for the problems relating to USA companies exporting jobs and technologies to other countries. [more]