The Tycoon Report

Precious Metals Future Explained

With all that is bad in the world today the goal of any investor should be;

1. To preserve existing wealth

2. To grow and build new wealth

This is a daunting task to say the least. I could go into a long diatribe here describing historic methods of preserving wealth but the fact is they all lead to one. Precious Metals.

Gold and silver have and will continue to serve as the best wealth protection vehicle.

Then why have they gone down so much lately in the face ...

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Watch That Triangle!

A triangle appears to be forming in the S&P 500, and also in the Dow Industrials. We always sit up and take notice when a triangle forms, because it almost always resolves in a major price move.

A triangle is composed of not fewer than five waves (a-b-c-d-e) which ricochet like a pinball between the upper and lower trend lines of the triangle. When the “e” wave is complete at or near a trendline, prices will bounce away from it in the direction of the next major move. ...

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DAX and Gold - Did an Ongoing Correlation Begin in 2003 - a Correlation Which Persists To This Day?

From 1991 through the first quarter of 1996, the price of Gold ranged between $579 and $659. From mid-1996 to early 2001, Gold was in a general decline which bottomed at $393 on April 2, 2001 and then began a rise.

During the same time period, this was roughly the inverse of the performance of the DAX, which rose slowly from 1991 to 1996 and then began a rapid advance which culminated at the peak on March 7, 2000, followed by an apparent a-wave decline into the low of March 2003. Up ...

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Dr. Porsche's 1,001 Horsepower

In the early days of the automobile, Ferdinand Porsche, himself an Austrian, served as a designer at the Daimler motorcar manufacturing branch in that country. He was a top-notch engineer, as well. In those days, car makers’ reputations relied significantly upon the success of their products on the race tracks; and Porsche’s own creations for Daimler were remarkably adept at winning. His record had a direct and positive bearing on the sales of Daimler’s compact cars for everyday ...

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The Euro Collapses, Just As The Candlesticks Said It Would

It was written in the Bars, and we know the culprits: Double Tops and Candlesticks. Over the past 14 weeks, the Euro has declined from a high of $1.6038 on July 18 to $1.3000 as of this writing on the evening of October 21, 2008. If this continues, quite soon it might be within the realm of reason to consider a vacation trip to Europe again. There are many reasons for the falloff, some of which, at least, are related to the European banks’ difficulties and the collapse of the housing market ...

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