This Swing Trading Blog is the ultimate guide to learn how to do swing trading with the HUI index and the Russell 2000 free. Swing Trading is defined as speculation in the financial markets. I think that Speculation is profiting from the mistakes of those that make the decisions in the world.
the Congressional Budget Office said the United States is on the threshold of a fiscal crisis. The publicly held debt of the U.S. will rise to over 70% of GDP by the 30th of September, this is the highest rate since World War II – and up from 40% in 2008
So when does the crash happen? No one can say, but all is in place for the house of cards to implode. It’s widley known that governments are standing ready with a huge package, governments know that if they do not print money, the world will implode, printing of money could delay problems, but the world at some point will have a major depression.
And then there’s Moody’s downgrading Spain, Italy and Spain. The yields go up, if Europe is not going to take some action here, then Everyone’s economy is likely to worsen. Gold held at very good levels in the low $1,500 range, the levels to keep in mind are $ 1,720 and then $ 1,790 for a break out in gold.
I also heard that in Switzerland, it was proposed that the franc be backed by gold bullion. It would be circulated in Switzerland, the franc would be fixed one gold franc containing 0.1 grams of gold bullion for five Swiss francs. Hmm I wonder if it’s going to happen.
This idea was talked about by the country’s largest elected party, the Swiss People’s Party. The party brought it up because it felt gold bullion could play a role in protecting the Swiss currency from debasement. Well I don’t know about you but that sounds logical, however, it won’t happen, not in today’s world. Everybody knows that a country backed by gold would be backed by investor around the world driving the gold price up and the franc, it might happen some day but all the countries in the world have to be on board for that to work. The only people that benefit from the printing of money are the guys on wall street and so on. As the financial crisis worsens, more and more people will turn to gold.
Anyway, enough jabber.
Looking at the Russell 2000 chart above, you’ll notice another reverse head and shoulders pattern. The pattern is known to bullish, however, if the price breaks down look for some big time selling pressure. The next pivot point is slated for June 22, 2012. If the head and shoulders pattern doesn’t hold I’ll be going short for sure. This Swing Trading Blog is the ultimate guide to learn how to swing trade stocks free. Don’t you think. Remember to leave your email before you go so that as soon as a new article is written you know when the next pivot point is, you also might learn something new. I myself, I’am always learning something new when it comes knowing how to do the trade right. Knowing how to do swing trading is easier when you know when the next market turn is going to be.
Click on the chart to see…Daily Chart – June 15, 2012 HUI index- gold bugs index- pivot point slated for June 22, 2012
The HUI index is slated for a pivot point as well on June 22, 2012. The next pivot point after that is July 13th or 16th, 2012. The next pivot point after that is August 1st, 2012.
Remember to leave your email before you leave and I’am glad that you stopped by check out my site. I have to say that this Swing Trading Blog is the ultimate guide for you to learn how to swing trade stocks and know when the next pivot point is. This blog helps many reader’s learning how to trade and how to do the proper trading but if you have any ideas on how to make this sitebetter, drop a comment, I take criticism really well.
