My gold portfolio +21%

Red Back Mining, a newcomer in the Gold industry:

Why Silver still going up?

September Silver price Chart

 

Silver production is highly correlated to gold, copper, and zinc production (few mines extract only silver)

A positive correlation between Au and Ag price.

Half of the total demand for Silver is industrial demand, the other half is jewellery and investment demand.

 So silver price is just following gold, copper and zinc bull trend.

These penny stocks could make you rich!

 

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Google an indicator of market trend?

As you can see requests for "stock market crash" on google were exploding just before the 2008 crash starts.

So google statistics can be a useful tool to indicate investors fear and predict a stock market crash.

Arabica coffee +90% since march 2009 low

KC, ICE [NYBOT]

198c is a major resistance level, and analysts say that arabica already reached its highest, so it's time to take your profits.

Overview of the week

Source: StockCharts.com

The Diamonds Trust, Series 1 (NYSE:DIA) ETF, which tracks the Dow Jones Industrial Average, respected a support level earlier this week and ended up surging from those lows. The $100 level has become a clear level to watch, as bulls have aggressively defended it on a few occasions. Looking above, DIA is testing an important level near $105, which is the lower end of a bearish gap. The close above the nearby 200-day moving average suggests that the rally could last much longer than some are anticipating and reduces the probability of a double dip. Friday's close above this level could lead to a test of the more important level of $107. 

 Source: StockCharts.com

The Powershares QQQ ETF (Nasdaq:QQQQ) pushed higher and remained above its 200-day moving average for the second consecutive week. Many traders will now set their sights on the August high of $47.19. The sharp rebound over the past few weeks may have trapped some bears and it should add to the upward pressure moving forward. If QQQQ breaks above the high, it could lead to a longer term trend higher.

eur/usd

US Dollar Index (USDX) (source:Bloomberg)

 

EUR/USD

The key resistance is 1.2775 (red line) if its breaks the next target will be 1.2880 and then 1.30 (Fibonacci).

Fear of a double-dip w?

                                      Gold reach its highest price of last june $1262/oz

Amex Gold Bugs Index (HUI) evolution since nov 2009

USD/JPY hits new 15-year low (83.23 yen)

EUR/CHF hits a new record of 1.28 for 1€

Investors invested massively in the German Bund last August

fear of  a double-dip w? investors are looking for safety investments these days!

Tin price still going up

A high demand (+20% compare to jan-april 09, mostly for electronics industry) which can not reach the offer.

Indonesia (Timah  and Koba Tin), Peru, China, and Bolivia which (the largest producers of tin) are reducing their exports due to production difficulties (extraction cost, government policy...).

Next resistance level for tin will be $22,000, if it breaks the next target price will be $23,000.