Archive for July, 2008
The Wisdom of Peter Schiff
Submitted by Gold Stock Prophet Blog
With the last video I posted on this site, I recommended a weekly webcast called the Financial Sense News Hour. One of the advantages of listening to this program is that one can become exposed to the ideas of many different guest speakers.
Peter Schiff is a regular contributor to this [...]
Trading Gold Corp’s Relative Strength
Submitted by Gold Stock Prophet Blog
In the previous post, I mentioned the importance of managing risk by hedging. I also talked about how profitable traders tend to buy strength and short sell weakness. One way of following both principles is to buy a company that is showing strong relative strength, and short sell the index.
The [...]
Reducing Risk by Using Hedges
Submitted by Gold Stock Prophet Blog
One trait common amongst all successful traders is the ability to manage risk. Experienced traders ask not how much money a trade can potentially make, but how much money a trade could potentially lose. Put another way, not losing money is more important than making money.
When I first started trading, [...]
Interview with Oil Expert Matt Simmons
Submitted by Gold Stock Prophet Blog
I feel that when someone works hard, does research, and makes a bold forecast that eventually comes to fruition several years later, that person should be given credit. Along with Richard Heinberg, who I mentioned last time, Matt Simmons is one such person.
Matt Simmons, who spent his entire career working [...]
Trend Following Using Renko Charts
Submitted by Gold Stock Prophet Blog
Over the past year on this site, I have attempted to use technical analysis and intermarket analysis to help better understand the gold market. During this time I think I have made some fairly decent calls, but have also made mistakes along the way. One of the advantages of maintaining [...]
Horizon ETF Math
Submitted by Gold Stock Prophet Blog
As I have mentioned before on this site, Horizon ETFs are a type of investment that allow traders to go long or short a particular market with 200% daily exposure. For example, this organization has two ETFs that track natural gas:
HNU-which stands for Horizon Natural gas Up
HND-which stands for Horizon [...]
Gold Stocks, Silver, Copper, and the Dow
Submitted by Gold Stock Prophet Blog
Above is a weekly chart showing GDX, the gold stocks ETF. What I wanted to point out is that gold stocks experienced a very nice bounce off a major area of support. I now feel that the short term trend for gold stocks has moved from neutral to up, so [...]
Gold Stocks, Silver, Copper, and the Dow
Submitted by Gold Stock Prophet Blog
Above is a weekly chart showing GDX, the gold stocks ETF. What I wanted to point out is that gold stocks experienced a very nice bounce off a major area of support. I now feel that the short term trend for gold stocks has moved from neutral to up, so [...]
