Wednesday, June 23, 2010 - GOLD & GOLD SPOT - THE VULCAN REPORT Review of XAG/USD - COMEX SILVER SPOT (SL-XAU USD)

THE VULCAN REPORT
Review of XAG/USD - COMEX SILVER SPOT (SL-XAU USD)
as of Tuesday, June 22, 2010



    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 5 white "UP" candles and 5 black "DOWN" candles.

During the past 50 bars, there have been 25 white "UP"  candles and 23 black "DOWN" candles for a net of 2 white (UP) candles.




PulseScan Swing Vix              Swing Index

PulseScan:     30.45
Swing Vix:     31.74

The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix   0 period(s) ago.

 


  A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  The last signal was a Over-Bought Sell 55 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
        Since the Swing Vix crossed its moving average, XAG/USD - COMEX SILVER SPOT's price has been unchanged, and has ranged from a high of 18.9600 to a low of 18.5700.

     MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
Today's Trend Momentum reading for XAG/USD - COMEX SILVER SPOT is:

       Very Bullish\

The close is currently Above it's Long Term period moving average. 16.1100
The close is currently Above  it's Intermediate Term period moving average. 18.1971
The close is currently Above  it's Short Term period moving average. 18.4418
    
Trend Strength

   
Bullish Consolidation



VOLATILITY

On 6/22/2010, XAG/USD - COMEX SILVER SPOT closed  
below the upper band by 18.9%.


PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :  

      







WARNING - Possible Inside Day/Bullish Retracement



INTRADAY PRICE PROJECTIONS
        RESISTANCE  18.8722
        SUPPORT  18.6577

Watch for possible TREND REVERSAL breakout  shorts -  from  18.3100


Swing Vix SHORT ENTRY : 










       




This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.

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THE VULCAN REPORT
Review of GLD - COMEX Gold Fut ETF (GLD)
as of Tuesday, June 22, 2010



    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 5 white "UP" candles and 5 black "DOWN" candles.

During the past 50 bars, there have been 31 white "UP"  candles and 19 black "DOWN" candles for a net of 12 white (UP) candles.




PulseScan Swing Vix              Swing Index

PulseScan:     21.81
Swing Vix:     21.86

The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix   0 period(s) ago.

 


The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  The last signal was a Over-Bought Sell 26 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
        Since the Swing Vix crossed its moving average, GLD - COMEX Gold Fut ETF's price has been unchanged, and has ranged from a high of 121.5900 to a low of 120.8700.

     MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
Today's Trend Momentum reading for GLD - COMEX Gold Fut ETF is:

       Very Bullish\

The close is currently Above it's Long Term period moving average.106.1600
The close is currently Above  it's Intermediate Term period moving average.116.8456
The close is currently Above  it's Short Term period moving average.119.8551
    
Trend Strength

    Bullish Strength




VOLATILITY

On 6/22/2010, GLD - COMEX Gold Fut ETF closed  
below the upper band by 23.1%.


PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :  

       1st PulseWave LONG - 121.6424

    Profit Target 123.4633
   Stop Loss/Stop & Reverse 121.1640












INTRADAY PRICE PROJECTIONS
        RESISTANCE 121.4280
        SUPPORT 121.0320

Watch for possible TREND REVERSAL breakout  shorts -  from 120.0400


Swing Vix SHORT ENTRY : 










       




This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.