Gold And Gold Miners Preparing for Big Move

Just a few days ago we alerted our members and followers to a massive setup in the Palladium market that had not been seen in years. This chart formation provides an incredible opportunity for a trader to take advantage of and profit from the expected price decline. We alerted our members and followers on January 24th of this move.

As of today, Palladium has rotated downward by over 9% from the recent highs and should continue to move lower as this multi-month rotation extends. Even though this initial move lower (-9%) reaches our initial predicted target levels, we still believe support won’t be found till prices reach near the $1000 price level. If that support fails to hold, the price of Palladium could fall to the $900. This total move could be over -20% by the time this downward swing ends.

As an additional bonus, the other metals and Miner ETFs are starting a move in correlation with this massive rotation in Palladium. The aggressive move in Palladium may become a catalyst for the other metals and miners to sell off further.

We warned weeks ago about this cycle top in gold and how it should rotate lower and move to near $1300 before finding support. This move has just started really and would equate to a -3.8~4.2% downward price correction.

The ability to see these moves and act on them provides our members with the ability to take a single trading signal and deploy multiple successful trades from it. We got our member’s long DUST near the very bottom of the market in anticipation of this move in the metals markets. Knowing that this move was set up and that it could be somewhat aggressive, we simply waited for the proper setup and trigger to alert our members.

The overall potential from our DUST trade remains substantial. Currently, we have already locked in +11% for our members and we believe the final move could be much larger.

The reason we are alerting you, today, of the progress of our calls, is that the market conditions are changing, and these types of trade setups are going to happen every month and a lot of money can be made by taking advantage of them each month. Join our Wealth Building Newsletter here at The Technical Traders and let us boost your trading returns with our daily analysis video, market updates, and trade alerts.

We just closed out another winning trade and members locked in a quick 9.1% profit with falling price of natural gas.

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Crimea.....River as markets tear up over Ukraine

By Grant Williams

An article from Grant on February 17, 2013

 (Marina Lewycka): Public clashes between Ukrainians and Russians in the main square in Sevastopol. Ukrainians protesting at Russian interference; Crimean Russians demanding the return of Sevastopol to Russia, and that parliament recognise Russian as the state language. Ukrainian deputies barred from the government building; a Russian "information centre" opening in Sevastopol. Calls from the Ukrainian ministry of defence for an end to the agreement dividing the Black Sea fleet between the Russian and Ukrainian navies. The move is labelled a political provocation by Russian deputies. 

The presidium of the Crimean parliament announces a referendum on Crimean independence, and the Russian deputy says that Russia is ready to supervise it. A leader of the Russian Society of Crimea threatens armed mutiny and the establishment of a Russian administration in Sevastopol. A Russian navy chief accuses Ukraine of converting some of his Black Sea fleet, and conducting armed assault on his personnel. He threatens to place the fleet on alert. The conflict escalates into terrorism, arson attacks and murder.

Sound familiar? All this happened in 1993, and it has been happening, in some form or other, since at least the 14th century.

So begins an article in the UK Guardian this week, written by a British novelist of Ukrainian origin, Marina Lewycka; and amidst all the furore surrounding the events in Ukraine these past couple of weeks, it's important to gain a little perspective in order to understand the history surrounding the country's fractious relationship with Russia and its recent dalliance with European suitors.

Source: Wikipedia

The key to the stand-off over Ukraine is the Crimean Peninsula — no stranger to conflict over the years and home to the infamous "Valley of Death" into which rode the 600 whom Tennyson commemorated in his epic poem recounting the ill-fated Charge of the Light Brigade. The order that sent those gallant young men to their inevitable doom is symptomatic of the kinds of catastrophic misjudgements that get made when emotions are running high.

At 10:45 a.m. on October 25th, 1854, the following order, signed by the Quartermaster General Richard Airey, was delivered to Field Marshall, Lord Lucan (no, not him. HE was the 7th Earl of Lucan. THIS was the 3rd Earl — his great, great grandfather):

Lord Raglan wishes the cavalry to advance rapidly to the front — follow the enemy and try to prevent the enemy carrying away the guns — Troop Horse Artillery may accompany — French cavalry is on your left. R Airey. Immediate.

The vagueness of Raglan's order confused Lucan, as it made no mention of which guns the Light Brigade were being ordered to keep from leaving the battlefield; but when he questioned the order, Captain Louis Nolan of the 15th The King's Hussars damned his impudence:

"Attack, sir!"
"Attack what? What guns, sir?"
"There, my Lord, is your enemy!" said Nolan indignantly, vaguely waving his arm eastwards. "There are your guns!"

And with that, not daring to challenge a direct order further, Lucan ordered the Earl of Cardigan to lead the 600 men of the 13th Light Dragoons, the 17th Lancers, the 11th Hussars, the 4th Light Dragoons, and the 8th Hussars into the teeth of the Russian battery two kilometres distant, with further guns flanking their advance on either side….

Cannon to right of them,

Cannon to left of them,

Cannon in front of them

Volley'd and thunder'd;

Storm'd at with shot and shell,

Boldly they rode and well,

Into the jaws of Death,

Into the mouth of Hell

Rode the six hundred.

The result of one of the most famous military blunders of all time, the destruction of the Light Brigade at the Battle of Balaclava, demonstrated the dangers of military miscalculation in the Crimea; and 160 years later the possibility of another such misjudgment on the part of a commander looms heavily over the region.
However, rather than tracing every twist and turn in the Crimea between 1854 and today, we shall focus on the more recent history of the isolated and vulnerable peninsula that juts out into the Black Sea from Ukraine's southern coastline; and, with a little help from the NY Times, we'll begin with a look at how things stood after the first week of the crisis….

Click here to continue reading this article from Things That Make You Go Hmmm… – a free weekly newsletter by Grant Williams, a highly respected financial expert and current portfolio and strategy advisor at Vulpes Investment Management in Singapore.

The article Things That Make You Go Hmmm: Crimea River was originally published at Mauldin Economics

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