Week In Review With Lou: Recent Episodes
Week In Review wXLou
Publisher of Emerging Growth Stocks, the Vancouver, BC based investing newsletter specializing in highly leveraged small cap stocks, the commodity markets and the macro investing climate.
"Week In Review With Diamond Lou" is discussion about, but not confined to some of the major events impacting the economy and stock market, with a focus on commodities such as gold and energy, along with some technical analysis of the most important "Charts of the Week".
June 6 - 7 One of the largest resource invevstment conferences in the world gets underway in Vancouver, B.C. Canada. Hear more 'non-mainstream' investing views at one time than you've ever heard. This show we will point out some of the high lights and key speakers attendees may not want to miss and other tips on getting the most out of the conference.
This week marked one year since the stock market bottom in March 2009, and ten years since the major top in 2000. What's it mean, if anything? Baffoon of the week; Donald Trump?
The technical outlook for gold and gold stocks improves considerably since our last broadcast on February 12th.
Gold recovered some lost ground while the U.S. digested recent gains. Watching the Olympic torch and opening ceremony preview.
The correction in Gold and Oil and stocks we've been anticipating is underway. The only question is how long will it last. New blog posts, more Olympic comments; Canada's hockey team.
It was no coincidence that the same day Gold broke key support - the U.S. Dollar broke over key resistance Wednesday. Spain the next domino to fall? More Olympic madness.
I will review the Vancouver Resource Investment conference and the "Roundup". Gold fell this week and the Gold stocks gave a sell signal.
We catch up after a long break for illness and computer repairs! Will discuss: 1. the market outlook, 2. Recent Issue, 3. Vancouver Resource Investment Conference Jan 17 & 18 my schedule and other highlights.
Gold fell below the first level of support at $1130 today as the US Dollar rallied on strong U.S. retail sales date
For a second Friday in a row - Gold has run into significant turbulance. We compare today's sharp pullback with the "Dubai air pocket" and look for support levels in the chart.
The gold price fell by $60 in overnight trading but recovered to close down only $15 today in post-Thanksgiving trading. For a while it really looked like it would have been a "Black Friday" for the TSX but it actually closed up 27 points on the day.
The title of last week's podcast looked pretty silly after gold bolted on Monday and finished the week at a fresh record nominal highs again. The moral being never stand in front of a moving Mac truck. Still, all eyes are on the US Dollar, with many on market floors watching for a bounce in the currency and unravelling of just about everything else.
I'm just thinking out loud here that gold is looking a little overbought and hyper extended and possibly due for a pullback. I also mention Nat Gas and the US budget deficit.
Blame the Indian Government this time. Tuesday was looking like a quiet day for gold when all of a sudden - Boom! the price exploded on news India is purchasing 200 tons from the IMF
Gold, Oil and the TSX Index correct when US Dollar bounces from oversold levels. The VIX Volatility Index upticks sharply, albeit from very low levels. Is this a short correction like all the others before this, or beginning of a larger setback. We'll discuss this today.
Gold had to share the stage with the Uranium and Potash sectors this past week or so. Uranium prices are strengthing on news of trouble at the Olympic Damn mine. Fundamentals for Potash remain grim - but takeover rumours lit a fire under stock prices.
Well, we knew it was coming sooner or later. Gold finally smashed through the $1033.90 high reached in March 2008. We'll see what the charts look like for gold, gold stocks and US Dollar. Also some new blog posts and two "Buffoons of the Week" for you.
This week I discuss 4 reasons why gold is pulling back and review the Small Cap Conference in Vancouver this week.
Gold reached a new high on the December futures contract Wednesday and then retreated Thursday. (the spot price has not hit a new high just yet). Commitment of traders indicates overbought situation.
Gold pauses at $1,000 resistance then barges through it. US Dollar breaks key support, Natural Gas strengthens. I also have two investment events to announce for locals.
Subject to change/addition - we'll likely look at the daily and weekly Gold charts as we close out the seasonaly weak period for the precious metal, and get set to enter the seasonaly strong period.
For the first time in 4 months, Lithium stocks have stalled out. Is the game of musical chairs over? Of will this be like the Uranium mania of 2003-2007? We examine this $64,000 question and look at the charts.
Global markets "fell out of bed" Monday morning as sentiment suddenly shifted from "the recession is over" to "the recovery is over". Natural Gas price collapses after breaching a support level last week. Dennis Gartman's "glib" comments.
The TSX went down for two days, up for two days and down slightly today. Call it sideways action. Morbid curiosity builds for Nat Gas.
We're back from a week off and will examine the summer rally discuss what's driving it and how long it may ensue.
Economic and stock market events of the week, technical analysis of the "Charts of the Week" and listener questions.
We will take a close look at the charts of the Week, show some "A-B-C" wave corrections and the 50% rule of technical analysis
It's been a slow week with stat holidays north and south of the border, volumes 1/4 of normal levels. Oil looks soft. Charts of the Week will return next week.
We discuss the major economic events impacting the stock market, review the charts of the week, deliver the energy report and invite questions from the audience.
This week I compare notes with Jim Letourneau of the Big Picture Speculator about the mood at the recent World Resource Investment Conference, and his field trip to Hathor Exploration's uranium project. I also show a tool for monitoring Hurricane season and point out a short term trend reversal for the gold price and US Dollar.
We re-introduce the audio version of WIR with blogtalkradio, mention the events that moved the markets this week, a review of the Charts of the Week, additions to our blog and do a Conference reminder.