I'm starting to get a ton of spam on the blog lately so I've decided to try moving the blog to a new address. The new address will be easier to remember anyway :) www.smartmoneytracker.blogspot.c...
http://garyscommonsense.blogspot.com/2010/03/new-smt-address.html
During the 01-08 stage of the commodity bull platinum was the strong brother of the precious metal complex. Where he led the rest of the complex followed. Well platinum is at it again, only thi...
http://garyscommonsense.blogspot.com/2010/03/strong-brothers-are-leading-charge.html
Yesterdays rally completed a 4 day rule possible trend change. (4 days in a row counter to the trend after a long intermediate move often signals a trend change.) We also have the same sign...
http://garyscommonsense.blogspot.com/2010/03/4-day-rule.html
I'm still sitting on the fence as to whether gold is stuck in a D-wave decline or whether this has been a very tricky midpoint consolidation. I will say the recent strength despite a strong dolla...
A while back I asked the question "Can the markets and the dollar rise together?" They certainly weren't able to do it during the last cyclical bull and they haven't been able to do it so far ...
http://garyscommonsense.blogspot.com/2010/02/dollar-key.html
Maybe this will help understand why I did what I did. If you understand how the 4 wave structure in gold works you will understand why I want to take some profits out of the C-wave. If I hol...
http://garyscommonsense.blogspot.com/2010/02/maybe-this-will-help-understand-why-i.html
If gold is now stuck in a D-wave decline all daily cycles should be left translated. By that I mean if a cycle averages 20-25 days trough to trough any cycle that tops in 10-12 days or less would...
http://garyscommonsense.blogspot.com/2010/02/lines-in-sand.html
The reason I don't want to mess with the stock market at this time is because it is in a secular bear market. Any rallies are always going to eventually be doomed to failure in this environment. ...
http://garyscommonsense.blogspot.com/2010/02/cyclical-bull-vs-secular-bull.html
http://garyscommonsense.blogspot.com/2010/02/golds-b-c-d-wave-structure.html
I believe the secular gold bull is still intact. As long as I believe that to be a fact then I have to ask what's the point in selling losing positions and locking in a loss? If I had sold my lo...
http://garyscommonsense.blogspot.com/2010/02/bull-is-still-alive.html
I've been racking my brain tonight trying to decide if gold is still in a C-wave or whether a D-wave has managed to sneak right past me without me ever noticing. On one hand the C-wave never rea...
http://garyscommonsense.blogspot.com/2010/02/c-wave-or-d-wave.html
Since November I've been looking for a profit taking correction of 10-14%. The recent pullback managed 9.2%. Not quite the 10% I was looking for but considering the trillions of dollars sloshing...
http://garyscommonsense.blogspot.com/2010/02/profit-taking-correction-is-finished.html
A bull market is like a rapidly rising escalator. Now one can certainly run down the up escalator but it's not the most efficient way to travel (invest). The same can be said for a bear market....
http://garyscommonsense.blogspot.com/2010/02/which-side-of-escalator-are-you-going.html
Last night it was the news that the IMF was going to sell 191 tonnes of gold. Tonight it's the 25 basis point rate hike in the discount rate. I'm going to let you in on a secret. Neither one of...
http://garyscommonsense.blogspot.com/2010/02/much-ado-about-nothing.html
The Fed has printed literally trillions of dollars in an ill fated attempt to jump start the economy. Folks it's not fundamentally possible to have a strong dollar with that kind supply. If on...
http://garyscommonsense.blogspot.com/2010/02/weak-euro-doesnt-equal-strong-dollar.html
Today I'm going to forward a theory of where I think we may be headed based in part on what happened under similar fundamental conditions in Japan during the `90's. I've been saying since Novemb...
http://garyscommonsense.blogspot.com/2010/02/threes-charm.html
The challenge now is that a longer term view will reveal the true relationship between interest rates and gold. You can see from the following chart that gold topped about a year before interest...
http://garyscommonsense.blogspot.com/2010/02/i-still-like-those-apples.html
A comment in the last post challenged me to put up a chart of gold compared to bond yields. I think the poster was somehow insinuating that rising rates are bad for gold. Let's put it to the tes...
http://garyscommonsense.blogspot.com/2010/02/not-quite-apples-he-was-expecting.html
If we were really on the cusp of another deflationary event and the end of the cyclical bull like so many bears want to believe, we should already be seeing warning signs in the bond market. A...
http://garyscommonsense.blogspot.com/2010/02/bond-market-is-pricing-in-inflation.html
Deflationist can and have offered up countless reasons for their view. I suspect most are trying to rationalize a short position in the market. But I have to ask is it really worth the risk? Le...
http://garyscommonsense.blogspot.com/2010/02/is-it-really-worth-risk.html
When I see the frustration levels that we saw last week amonst gold bugs I know the bull is doing its job. When I see someone slamming body parts in a file cabinet, I know the bull is intact. ...
http://garyscommonsense.blogspot.com/2010/02/wear-you-out-or-scare-you-out.html
We've been hearing for some time now how the dollar is in a long term bull market. Consequently gold is going down, stocks are going down, commodities are going down, generally it's the end of t...
http://garyscommonsense.blogspot.com/2010/02/secular-trend-is-still-intact.html
Selling pressure at intermediate and yearly cycle lows is intense enough that it takes down just about everything. This time is no exception. Until the market started to crack gold and mining sto...
http://garyscommonsense.blogspot.com/2010/02/happens-everytime.html
For a while now I've been expecting at least a 10-14% correction to separate the second leg of this cyclical bull from what I expect will be at least one more leg up before this bull expires. Fr...
A comment on the blog last week got me to wondering. One of our Canadian friends made the comment that he's made nothing off of gold because the Canadian dollar has been strong. I think he was in...
http://garyscommonsense.blogspot.com/2010/02/all-currencies-are-suspect.html