Gold Is Getting Its Mojo Back

Chairman Ben Bernanke’s Jackson Hole speech turned out to be quite positive for reflationary trades and this was reflected in the price action of gold and US dollar. SPDR Gold Trust (GLD) attracted nearly $2 billion in fresh assets in August, more than most exchange-traded funds. With a gain of 4.6%, August turned out to be…

Some Intel on INTC

INTC is forming an emerging double bottom pattern. On August 6th, the chip maker broke above the neckline of a double bottom formed by the lows on July 12th and July 24th. Before that on August 1st, it broke above the upper limit of a descending triangle making it a failed pattern. In the process,…