Stock Market Forecast For Week Of July 5th 2011

[curiouscritics]

Oh dear chap. It appears that you really were talking crap about Gold and most others. Pride comes before a fall and you ideas fell fat and flat. Perhaps if we do the opposite of what you say we'll win out. If a stock hits the 200 average it mostly tracks back before it goes that way again if it does at all; that's the basics mate! Long term, pick well and just hold. I think you just convinced me I should do my own videos here.

[StockTradingMaster]

@curiouscritics I make no claims of being right 100% of the time. I'm right 70% to 80% of the time. But since I did this video, I'm up huge for the month of July. Look at my blog and how well the gold and silver plays are doing right now. The idea is not about being right 100% of the time you moron. The idea is to get right, get on the right side of the trade as fast as you can. As for you doing your own channel, I can tell already that it would suck because you're a moron.

[Clarissa2424]

Enjoy your videos - find your technical analysis very useful.

Is there a technical relationship between the gold miners and gold?

I mean do they "lead" each other?

For instance, GLD has been in a weak downtrend lately and now GDXJ has a downside bias.

Are they indicators for each other in any way?

As you SAID, MOVES IN DBO may predict inflation and affect GLD.

Does GLD predict the gold miners (and vice versa?)

[bebigeli]

@Clarissa2424 Yes, gold miners forecast what is to come for gold. Recently they priced in ahead the drop in the price of GLD. GDXJ merely lags GDX. Therefore GDX is the key, and it is and has been in a major downternd (the 50 EMA is at 55.43 up above), thus painting a very bleak picture for gold.

[StockTradingMaster]

@bebigeli Excellent response and thanks for helping others out.

[StockTradingMaster]

@Clarissa2424 Traditionally yes to what Bebigeli said. However, over the last couple of years, the relationship between gold miners and gold has muddied somewhat because of GLD. Gold mining stocks use to be the main way of playing gold. Now it's ETFs like GLD so even though miners have been downtrending for quite a while now, GLD continued to go up because more and more investors are choosing to play gold with GLD without the risks associated with mining stocks.

[energyparticle]

What happened to the song at the end? I always enjoy it  :(

Good stuff thanks!

[StockTradingMaster]

@energyparticle On technical analysis videos I leave the ending song out as the video is already so long but don't worry, on the other stupid sh*t on wall street it will always have it. Glad you enjoy it and thanks.