n
Goto http://www.CMPForYou.com;

Tuesday, August 20, 2013

Markets around the World Giving SELL Signals

Many markets around the world gave a SELL signal some time back. They are making new lows today. Many of the European markets are giving SELL signals today.
Let us look at the Domino Effect occurring right now.
FTSE

DAX

CAC  ( France)


 Italy  FTSI MIB

Nikkei  (Japan)

Hongkong
 India Sensex

The problem in the case of India is more serious. Indian Rupee hit  all time low of Rs 64.15 to the dollar. It is all due to the Socialist policies of the Congress party which has been in power since 2004.
Deficit financing year after year  does not bring growth. It is all artificial Sooner or later  the pied piper has to pay. We strongly recommend that Indisns should convert their currency to Gold & Silver
Let us look at yesterday's chart of US markets. Markets will keep on going down till the lows of June 22 before some nice rally will happen.
DJI
SPY
IWM   (Corresponds to Russell 2000)  keeps on going down.

TZA
GDX Gold Miners ETF

NUGT  3X  Bull Gold Miners ETF   It is having 10 to 1  Reverse Split. Price is not going up . If you had 1000 shares before, you will have 100 shares now. Similarly DUST had a reverse split of 2 To 1.
NUGT has been digesting its gains. Hopefully it will resume its upward march.


0 comments :

Post a Comment

Powered by Blogger.