Cramer Predicts Commodities To Drop: Bullish Signal
Cramer predicted a worst-case scenario for these names: They could lose all the gains they’ve seen since April 2005. That means Vale [RIO 20.96] drops 68%; U.S. Steel [X 93.69] 50%; fertilizer stocks like Potash [POT 140.26], Mosaic [MOS 77.01] and Agrium [AGU 66.65] could fall 80% to 90%. But this is only if you [...]
Gold Enters A Period Of Volatile Consolidation
Bloomberg has latest story about falling gold prices: Gold Tumbles Below $800 Gold slumped for the fourth day as lower crude oil prices and a stronger dollar reduced the appeal of the precious metal as a hedge against inflation and as an alternative asset. Gold is trading currently below 800$ mark ….. Our view is [...]
Double Bottom With Stronger RSI Is Time To Buy
Buying gold at 800$ is always a reasonable bet considering it should have been 1000 by now if not for all the manipulation that goes along in the financial markets. Gold has shred off a lot of points in last few weeks. I considered buying gold miner KGC when it dropped 35% last month. Kinross [...]