Bryan Leighton's Blog Posts Tagged 'AGQ' (13)

The Skinny on Gold And Silver

One of the best indicators of inflation and deflation is the action in gold and silver. When gold and silver rally it is telling us that inflation is taking hold, the opposite is true when gold and silver decline. The precious metals will usually trade inverse to the U.S. Dollar Index. This morning, the U.S. Dollar Index plunged after the opening bell rang at the New York Stock Exchange. This type of action in the dollar happens very often. A falling U.S. Dollar is always beneficial to…


Added by Bryan Leighton on April 19, 2012 at 10:50am — No Comments

Metals Rally As Dollar Fades

Generally, the leading industrial, and precious metal stocks will be the first equities to catch a bid when the U.S. Dollar Index declines intra-day. This morning, traders can easily see how the SPDR Gold Trust (ETF) (NYSEARCA:GLD), ProShares Ultra Silver (ETF) (NYSEARCA:AGQ), and the PowerShares DB Gold Double Long ETN (NYSEARCA:DGP) are all catching an early bid as the dollar retreats from the open. All of these trading vehicles will signal inflation in the stocks market and that is…


Added by Bryan Leighton on April 2, 2012 at 10:41am — No Comments

Gold Rush

This morning, the precious metals are trading sharply higher. The catalyst for the advance in gold, and silver is the weaker U.S. Dollar Index, and the pledge by central banks to keep easy money available. Last night, the People Bank of China (Chinese central bank) cut reserve requirements for lenders. This is just another example of easy credit. All of these similar actions by the central banks around the world are inflationary and that is exactly what gold and most other precious…


Added by Bryan Leighton on February 21, 2012 at 11:11am — No Comments

Gold Is Not Participating In The Market Pop

This morning, the popular and highly traded SPDR Gold Shares (NYSE:GLD) is not trading higher with the major stock indexes. The GLD is trading lower by 0.34 cents to $167.07 a share. Over the past five trading days the GLD has soared sharply higher, therefore, today could just be a pause day or a breather from a quick move. Since early September, gold has signaled that the economy is facing deflationary pressures. The GLD bottomed on September 26, 2011 at $154.19 a share which was…


Added by Bryan Leighton on October 27, 2011 at 10:27am — No Comments

Is The Gold Move Signaling Deflation?

This morning, every major stock index is coming under pressure. Recently, when the stock markets decline the prices in gold have moved higher. Today, gold is selling off very sharply trading lower by $65.00 to $1739.80 an ounce. The SPDR Gold Shares (NYSE:GLD) are trading lower by $5.45 to $168.15 an ounce. This is one of the rare occasions that gold and the stock markets are declining together. It seems that the safe haven trade is the U.S. Dollar, and U.S. Treasuries at the… Continue

Added by Bryan Leighton on September 22, 2011 at 11:29am — No Comments

Bernanke Play-Book

This afternoon, the FOMC will announce there interest rate policy and make a statement about the economy. Most traders and investors are eagerly awaiting the for the central banks action. At this time, many trader and investors are expecting the Federal Reserve to implement its Operation Twist program. Other investors are expecting the Fed to announce another quantitative easing program. While it is unlikely that the central bank will announce another quantitative easing program traders… Continue

Added by Bryan Leighton on September 21, 2011 at 11:05am — No Comments

The Gold Rush Is Over For Now, However, It Will Be Back

Anyone one that knows anything about the ebb and flow of the markets knows that gold was severely overbought. Therefore, it is simply time for gold to pullback or even have a meaningful correction at this time. After all, gold has outperformed every asset class over the past 10 years. In 2001, gold was trading around $255.00 an ounce. Earlier this week, gold traded as high as $1917.90 and ounce before pulling back. This afternoon gold is declining lower by $97.00 to $1764.00 an ounce. It… Continue

Added by Bryan Leighton on August 24, 2011 at 4:01pm — No Comments

Gold Rush Again

Gold is off to the races once again as central banks continue to look for a way to keep European Union countries from defaulting. At this time, gold seems to be the only safe haven currency in the world that investors have any faith in. The SPDR Gold Shares(NYSE:GLD) are trading higher by $1.90 to $173.70 a share. Traders can watch for some minor intra-day resistance around the $174.00 level. Should the GLD trade through that area the next important resistance area for the GLD will be… Continue

Added by Bryan Leighton on August 16, 2011 at 11:17am — No Comments

Gold Surges After the Bernank

The SPDR Gold Shares(NYSE:GLD) have soared higher after the Federal Reserve said they will keep the Fed funds rates at zero percent until 2013. In other words, the central bank will keep rates as low as they can. The GLD is trading higher by $4.93 to $172.12 a share. Traders and investors should note that spot gold and the GLD are very extended and overbought on the daily charts. Therefore, traders should not rule out a near term pullback soon despite all of the money creation by the… Continue

Added by Bryan Leighton on August 9, 2011 at 3:14pm — No Comments

QE Euro Style

The European Central Bank(ECB) just announced that they will begin there own version of quantitative easing. The central bank said that they will buy Spanish and Italian bonds going forward. This news just spiked the S&P 500 Index. The SPDR S&P 500 Trust (NYSE:SPY) just bounced higher by more than three points in less than an hour. Traders should watch for short term resistance on the SPY around the $121.80 area.

Many traders have jumped into gold and silver on the…

Added by Bryan Leighton on August 5, 2011 at 1:47pm — No Comments

Markets Plummet, Here Is What Is Bouncing

The major stock markets indexes have reversed and plummeted lower after the weak ISM report. All of the leading indexes are now trading lower on the trading session after starting the morning sharply higher. There are a few areas that have bounced higher since the stock market declined around 10:00 am EST and they are gold, silver and the U.S. Dollar Index.

The highly followed and traded SPDR Gold Shares (NYSE:GLD) started the morning trading as low $156.78 a share. Since that…

Added by Bryan Leighton on August 1, 2011 at 11:13am — No Comments

Nasdaq Gets The Pile-Driver

This afternoon, the major stock indexes are plummeting sharply lower. The catalyst for the decline is obviously the failure of Washington coming to some debt ceiling resolution. At this point, it really does not matter if the debt ceiling gets raised or not, it really comes down to knowing what the politicians are really going to do. It will help if the Republicans simply come out and say the debt ceiling will not be raised, period. This action would help to strengthen the U.S. Dollar and… Continue

Added by Bryan Leighton on July 27, 2011 at 3:56pm — No Comments

Commodities Explode Higher On Bernanke Stimulus Talk

This morning, the chairman of the Federal Reserve, Ben Bernanke, is testifying in front of the House Financial Services Committee. Chairman Bernanke has hinted that further stimulus could be needed if the market starts to slump. Most of the leading commodity stocks have jumped higher on this news. Copper, steel, iron ore, gold, and silver are soaring higher on this news.

The SPDR Gold Shares(NYSE:GLD) have soared higher by $1.40 to $154.17 a share. This is a new all time high for the… Continue

Added by Bryan Leighton on July 13, 2011 at 11:02am — No Comments

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