The Dow continues to put in new highs but our 3 moving averages of new highs are trading well off the highs they put in last year.

If you only trade one strategy like swing trading or trend trading then you are likely finding it difficult to make money right now. On the other hand, day traders are having a blast right now as they take advantage of the powerful intraday rallies and sell offs. ]]> chris@tradersjournal.com (Chris Vermeulen) Market Observatons Thu, 28 Jan 2010 07:06:30 +0000 http://www.tradersjournal.com/component/content/article/23-market-observatons/307-gold-price-suppression-and-management-to-end http://www.tradersjournal.com/component/content/article/23-market-observatons/307-gold-price-suppression-and-management-to-end Is the Gold Price really Managed or Suppressed?

We have absolutely no doubt that the gold price has been and may well be, being either suppressed or managed.

Just look at the record of gold sales in the 70’s, 80’s 90’s and in this century so far. Gold was sold during these periods, first by the United States. It was done to discredit gold as money and to support the U.S. $ as the prime global reserve currency. ]]> julian@tradersjournal.com (Julian Philips ) Market Observatons Sun, 10 Jan 2010 09:53:55 +0000 http://www.tradersjournal.com/component/content/article/23-market-observatons/305-lets-talk-about-economic-recoveries http://www.tradersjournal.com/component/content/article/23-market-observatons/305-lets-talk-about-economic-recoveries The Labor Department’s report that 85,000 jobs were lost in December was certainly a disappointment, much worse than the consensus forecast that job losses had bottomed in November and perhaps as many as 10,000 new jobs may have been created in December. ]]> sy@tradersjournal.com (Sy Harding) Market Observatons Sun, 10 Jan 2010 09:44:54 +0000 http://www.tradersjournal.com/component/content/article/23-market-observatons/302-rearranging-the-deckchairs-on-the-qeii http://www.tradersjournal.com/component/content/article/23-market-observatons/302-rearranging-the-deckchairs-on-the-qeii Shipwrecked without it, could the Pound bear a fresh slug of quantitative easing...?

The BANK of ENGLAND's asset purchase program – better known as "Quantitative Easing" – was maintained at its £200 billion limit ($318bn) at the Old' Lady's January policy meeting in London,

With one month and just £7bn left to go, we wonder here at BullionVault what the chances are that a QEII will soon hove into view. Because, all told, the first £200bn has been sunk to little effect. ]]> adrian@tradersjournal.com (Adrian Ash ) Market Observatons Fri, 08 Jan 2010 16:00:00 +0000 http://www.tradersjournal.com/component/content/article/23-market-observatons/306-nonfarm-payrolls-this-friday-could-dampen-commodities- http://www.tradersjournal.com/component/content/article/23-market-observatons/306-nonfarm-payrolls-this-friday-could-dampen-commodities- Overall this week has not been that exciting. Volume is below average as the big money traders slowly get back into action and wait for Fridays economic data to come out.

We have seen gold, silver and oil put in a nice rally this week but they are still not in the clear. If we get flat or better unemployment numbers we should see the US dollar rally. This seems to be exactly what the chart is telling us when using technical analysis. Here are the numbers for Friday. ]]> chris@tradersjournal.com (Chris Vermeulen) Market Observatons Thu, 07 Jan 2010 16:00:00 +0000