Wednesday, August 17, 2011

When This Market Technician Talks, I Always Listen

Louise Yamada... I could be thumbing through a magazine or setting my fantasy baseball roster, when Louise Yamada comes on TV, I stop what I'm doing and listen. She's a wealth of knowledge.

I like this particular video of hers.

The bottom line is that the breakdown in the relationship between the dollar, oil and gold is disconcerting for investors because it demonstrates market confusion.

Notice how the recent equities correction didn't affect gold prices like it usually would?

I haven't bought gold, but i'm considering buying the Power Shares DB precious metals ETF (DBP) if it has some consolidation in the near term.