What We're Reading

Sometimes it pays to simply remove the distraction of moving averages and let the chart movement speak for itself.  What say you StockBuz?  Are those head-and-shoulders bottoms or no?  Long gold and silver (and miners) with a stop below last weeks low (to your tolerance).  Partial on a breakout, move up stops to b/e, final target equal to distance of head to breakout zone.  Call it flight to safe havens, call it massive short covering/profit taking, .  Who cares.  The risk/reward is irresistible.

• With the increase in US oil (hello Bakken), shipping black gold by rail has caused backlog in shipments of other goods across all industries forcing rail companies to scramble to expand.  The biggest loser: shippers.  Sounds like more promo for Keystone to be approved WSJ
• Are you guilty or have you been there, done that?  Take a different view of those around you in the service industry and how you/we view and interact with them.  An open letter to Paul Ryan on poverty Salon
• Last night after the close, CME lowered margin requirements for Brent and WTI crude oil futures.
• Members here at StockBuz have been playing precious metals and miners; gold, silver, GDXJ (junior miners).  Investing.com has noticed the move off of the lows as well.
• The "death spiral states" talk of Democratic states leading in number of Welfare recipients (shockingly) distorts the full truth.  What else will the Koch brothers come up with next?  Factcheck.org
• China slowing is the biggest threat to growth currently,