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Market Update/Outlook PDF Print E-mail
Written by Steve Meyers   
Monday, 31 March 2014 18:30
I am back and have put out an early audio update. Exciting markets!
 
Market Update PDF Print E-mail
Written by Steve Meyers   
Friday, 28 March 2014 16:19

I am out of pocket until Monday so this will be my last update with no audio tonight. Stocks are getting a bounce as the Japanese Yen has weakened considerably. Weare at the end of the quarter so the market may experience window dressing. Geo political risk is sky high.

Gold and silver continue to vaccilate as we head into our expected cycle low at the end of March. I think this will be the buy of the year for both gold and silver. We have bought gold at 1305 down to 1286.10 and can average down to 1280 if the market gives us 1 more down day into Monday. Monday is first notice day for April gold delivery. We have not yet been picked up on silver. Our buy will remain at 19.51 and if we don't get picked up Monday, we may have to adjust the price.

Have a great weekend.

 
Market Update 3/27/14 PDF Print E-mail
Written by Steve Meyers   
Thursday, 27 March 2014 16:45

Higher opening again meets selling. This market is really struggling. It is now short term oversold but cannot sustain a bounce which is a negative. When was the last time that you DIDNT see a positive effect from window dressing? Warning Will Robinson.

Japanese yen is making slow progress but certainly got hit off the highs. The powers that be know full well how vulnerable these markets are and will do whatever it takes to hold on a little longer.

Gold and silver are close to reaching our downside targets. Gold is in our buy zone from 1305-1285 and we are patiently waiting for silver at 19.51.

Put on God's armour and fight the good fight.

 
Morning Market Update PDF Print E-mail
Written by Steve Meyers   
Wednesday, 26 March 2014 14:48

Stocks are following the same pattern that they have for the past few trading sessions. Strong opening followed by weakness (especially the small cap stocks). Then sideways to slightly higher the rest of the day. Pomos are scheduled towards the end of the quarter, I assume to help stocks post a positive quarter. Market is topping but possible to form a triangle and have 1 failed upward thrust, especially in the S&P

Gold and silver are following the plan. Weakness is expected into the end of the month. Buy silver at 1951 and gold at 1305 down to 1285.

The Japanese Yen is building a huge base which I believe eventually is going to lead to a massive rally. This is going to further unwind the carry trade and will be extremely negative for stocks. The dollar is slowly being replaced as the reserve currency and will suffer a meltdown at some point.

 
Market Update PDF Print E-mail
Written by Steve Meyers   
Tuesday, 25 March 2014 16:19

Stocks once again were launched upward and were soundly rejected from higher levels. We are still trading an inside day from yesterday so this is till noise until we take out the high or low from yesterday. Once again, it is the Russell 2000 that is leading the volatility. Buble Bubble Toil and Trouble!

Gold came dow to 1306 and bounced. We have given up some of the gains from the low. Tomorrow is option expiration. It is possible to test lower levels but this is a buying opportunity we want to take advantage of. Longterm traders can start buying at 1305 and average down to 1280. Short term traders should try to buy at 1286. I am going to continue to work an order to buy silver at 1950.

 
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