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Market Internals Update 2011-04-29
2011 Apr 29 Fri 8:20:29 | by
Gold Rush Continue - This Time It’s University of Texas
2011 Apr 17 Sun 9:13:53 | by
I thought people in China buying gold in large quantity was an interesting story to tell everyone.
Now we know Americans always beat everyone else when it comes to being the biggest buyer in something. Here is a story from Bloomberg that the University of Texas Investment Management Co. took delivery of $1 billion physical gold bullion and storing that in a vault themselves.
In short, it is simply an issue of trust. The paper gold holding that U of Texas used to have is supposed to have the physical gold bars stored somewhere safely by some well known entity.
Taking physical delivery of this paper gold holding and then storing the gold bars somewhere themselves is a grand gesture.
I wonder if more trust funds will follow.
Market Internals 2011-04-15
2011 Apr 15 Fri 9:12:54 | by
3-Day Advance Issues again leads Tick16 in identifying the bounce since Wed.
It is now heading towards the zero line (neutral zone) meaning the market can turn lower from this point onward to retest the lows within the next 3 trading days.
Tick16ST is oversold while Tick16LT is in trend buy zone, strong bounces are expected.
3-Day Advance Issues continue its micro swing divergence against S&P. Yet Tick16 LT is bullish at the moment. That created a conflicting environment that rally during the day are sold into and dips are all bought up. S&P is consolidating wit ...
As the US market is about to open in 40 minutes. 2 important things to remember, US Margin Usage level hit all time high not too long ago Then the selloff started. Retail traders almost always average down thanks to someone who keep popping the stock ...
Tick16 setup screaming for another top in the making, yet the news shock last week defended the 1st strong swing low on daily from being challenged. Thus price pattern points to higher prices and market breadth says a short term top is already in pla ...
Various Middle East stock markets are undergoing major selloff for the past 2 weeks, yet main stream media outlets have not mentioned one single word on their front pages or prime time news about the development of this situation. Irresponsible jour ...
