Monthly Archives: September 2012

Gold Update by Patrick McGough

Long Term:  Bull Market The Gold Bull market started during the first quarter of 2001, and has now been in play for approximately 11 1/2 years.  Commodity cycles tend to have 13 year bull markets and 21 year bear markets.  … Continue reading

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tuesday update

SHORT TERM: market pullback continues, DOW -101 Overnight the Asian markets gained 0.1%. European markets opened higher and gained 0.4%. US index futures were higher overnight, and at 9:00 Case-Shiller housing prices were reported higher: +1.2% vs +0.5%. The market … Continue reading

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Commodities and their sectors — update

After the recent announcements of the ECB’s OMT program, (outright monetary transactions), and the FED’s QE 3 program, (open ended asset purchases), we were forced to not only review the equity markets, but also the commodity markets. We updated the commodity charts last … Continue reading

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monday update

SHORT TERM: pullback continues, DOW -21 Overnight the Asian markets were -0.4%. European markets opened lower and closed -0.6%. US index futures were lower overnight, and the market gapped down to SPX 1453 at the open. After a dip to … Continue reading

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weekend update

REVIEW It was a relatively quiet Options expiration and week in this US. The entire range for the week was SPX 1450-1467, and those numbers were achieved on thursday and friday. For the week the SPX/DOW were -0.25%, and the NDX/NAZ were … Continue reading

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