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Bill Downey’s Gold Trends – A Friendly Place Among Dangerous Waters

February 20th, 2010 admin No comments

I am always looking for a place that offers the amateur a friendly and reasonable peek into the world of resistance, moving averages, head-n-shoulder tops, wedges, and areas of support – while demonstrating a respect for underlying trend.

Advanced technology is both a blessing and a curse. Where mouse-clicks and emotions are simultaneous.

Those of us braced for the storm ahead will likely find the upcoming volatility (in all financial markets) to be like nothing we could ever imagine.

Many expect silver prices to fluctuate wildly. Both to the upside and down.

Even the “sideways” trade may unnerve the best of us. Uncertainty leading to despair will arise as fundamentals slowly break out from dormancy. – no matter how committed we are to the long-term, insurance character of silver.

Physical silver investors are tethered to the primary trend. Possession of the actual metal requires an entirely new layer of appreciation – and there is little glamor or excitement about it.

Yet we all crave a little excitement.  Or the occasional signal or impetus to buy? And why not understand the nuance of the trade? Learn all you can about this scarce resource – that primal money you hold in your hand?

Is there a way to balance observing the short-term, while remaining committed to the long-haul?

And read commentary about what it all means for yesterday and tomorrow, regardless of the direction of the primary trend? Yet, from source that “gets” it…

That every fiat currency ever created has had the same fate. That markets today are managed by rogue investors enabled by sovereigns to take down sovereigns in a great new battle in the shadows.

Fundamentals have been ignored for so long here, and in other markets, that the professional trade can essentially the influence.

Let me introduce you to Bill Downey’s GoldTrends.net.

Mr. Downey has a simple to follow, clear, technical analysis website for gold and silver.

While the content serves the advanced-technical mind, it is presented with a nod to the fundamentals and an accessible presentation.

Not much hype, nothing fancy. It doesn’t need it.

The site is well written, honest, and passionate  — and his service is Free. So why not?

Only a couple reasons why you might want to stay away.

1. If you are like me, a sponge for precious metal content and particularly interested in the how bearish signals manifest.

(Yes, bearish! In fact, I  am so bullish that I have become a skeptic by default. I crave any analysis that depicts the downside scenario).

2. The other reason to tread carefully, outside of the time-sync in if you choose to read the content — is that when the volatility swings against the trend, you may not find the emotional support you need to retain your focus. I’m just saying because I know.

The way these (all) markets are traded on a daily basis is criminal and so far from natural that its a wonder that the whole thing does not blow apart tomorrow.

Take a look at Bill’s silver page here.

Or check out the article that first alerted me to his site about silver’s most important price point right around one of the more difficult moves to endure.

Better yet, here’s the Mogambo Guru — also a Downey follower — who always serves to put things in perspective.

Those three links plus the one below ought to give you what you need to help you decide for yourself.

Bill provides an excellent, free resource for dabbling deeper into the technical aspect of silver (and gold) trading. Or, take a look at his long-term strategy for silver here.

Bottom line:

Taking physical possession practically eliminates the mouse click in times of despair.

But you don’t have to pretend to be disinterested in the day to day or month to month evolution of the technical perspective.

Worst case is that you end up enduring a dose of bearish reality. Best case, you find a short-term motivation to buy a few more coins.

If you stand the heat and you like to check the price or guess the action short-term…Or if you want to get a sense how the technical crowd keeps up with the market, I urge you to give Bill Downey’s site a try.

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