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Despite a crisis almost every weekend this year,  gold has been in the doldrums.  It’s not bad enough that Gold has lost 30% of its vale from the halcyon days of August 2011. That was the peak of the Summer panic prior to the November 2012 Elections,  roughly 12 weeks before the November election.

Flash back and you can remember the entire world was bear ed up.  What happened?  Despite TV actors and Talk radio hosts of every political bent  preaching gold gold gold,  The crisis mentality passed.  Over the next 27 months,  gold dropped  down to its low of 1185 per ounce, in December […]

Above is a 5-year weekly chart for September Crude Oil Futures.  There is large resistance above at the 106 level. which capped our recent spike up in the last week of June with the myriad of geopolitical messes in the mid east and Russia.

Support below comes in the form of this 5-year old bull trendline.  Any move down will have traders eyeing this support.
The longer and older the frame of reference on a chart development, the more significant it is.  It gives both bull and bears something […]