by Chris Kimble | Nov 3, 2010 | Kimble Charting
Suggested to buy TBF when rates were on a 17-year support line (see post here) , with a 4% trailing stop. Since then rates rallied and now have fallen back, getting very close to the stop. For Aggressive investors, the inverse Basic Metals ETF (SMN) was purchased...
by Chris Kimble | Oct 29, 2010 | Kimble Charting
Posted the chart below asking “what would you do at (1)?” Thanks for all the emails from around the world. Great thoughts for sure. The majority felt like it was time to buy since this ETF was on support at the bottom of a falling wedge. Below is answer...
by Chris Kimble | Oct 29, 2010 | Kimble Charting
In the hit TV show “Laugh In” the host Rowan and Martin would give away the “fickle finger of fate” award. This award crossed my mind as I looked back over the past 5 months, to the first of June. At that time…The Euro was tanking, PIGS...
by Chris Kimble | Oct 28, 2010 | Kimble Charting
Black Swan or Odd Duck at hand below??? Interest rates and Base metals had a very high degree of correlation until the first of June at (1) above. Since then, rates have fallen hard and DBB is up 30% in 4 months! Yields have for sure broken above a falling...
by Chris Kimble | Oct 27, 2010 | Kimble Charting
CLICK ON CHART TO ENLARGE I will start off with an “IF!” IF the dollar is at a low and rallies, what usually happens? Stocks and Commodities often struggle (see “Good, Bad & Ugly post). What ETF is a combination of a stock and a...
by Chris Kimble | Oct 26, 2010 | Kimble Charting
Wanted to “look outside” of the Gold/Silver complex for potential clues about basic metals and maybe the economy. Below is a current snapshot of Palladium. Palladium is facing Fibonacci 50% retracement resistance at the top of a rising wedge and a...
by Chris Kimble | Oct 8, 2010 | Kimble Charting
Harvested Silver yesterday, (see post here) gaining a little over 20% on the position. On 7/12, near the stock market lows I ask if “Green Shoots of Growth” were about to take place (see post here), as Copper Producer Freeport- McMoran (FCX) had fallen...