Hochberg pointed out in EWI last night that $GOLD is about to
have a very ugly red candle on the Monthly. Looking at the
monthly chart, it seems like those always come in pairs.
p.
Peridot, gold is the strongest sector in the long term. Even
commentators on CNBC put a bottom on it around $1,040ish contrary
to what the charts predict. The pattern is bearish, yet where would
money managers put their money if they ought to sell stocks? In
bonds? Or commondities? Given the long term perspective, I would
opt for commodities and gold, which have lost most of their lofty
gains. IMO.
They, the mm's might put their "not hard earned" dineros,
imho, into currencies, i.e., Uncle Bucky. You know those guys
on CNBC are certainly to be "trusted" too. You were kidding,
right? Anyway, Happy New Year. p.
Based on what the dollar
Bearish railroad pattern on gold
Posted by matt on 31st of Dec 2009 at 11:28 am
Based on what the dollar looks like, I would not surprise me to see gold go down there, the dollar is strong
Matt GDX 15 is on a
Posted by Palladin on 31st of Dec 2009 at 12:37 pm
Matt
GDX 15 is on a buy signal as far as I can tell. Why and when do you expect gold to go "down there"?
Hochberg pointed out in EWI
Posted by Peridot on 31st of Dec 2009 at 12:02 pm
Hochberg pointed out in EWI last night that $GOLD is about to have a very ugly red candle on the Monthly. Looking at the monthly chart, it seems like those always come in pairs. p.
Peridot, gold is the strongest
Posted by junkie on 31st of Dec 2009 at 12:26 pm
Peridot, gold is the strongest sector in the long term. Even commentators on CNBC put a bottom on it around $1,040ish contrary to what the charts predict. The pattern is bearish, yet where would money managers put their money if they ought to sell stocks? In bonds? Or commondities? Given the long term perspective, I would opt for commodities and gold, which have lost most of their lofty gains. IMO.
They, the mm's might put their
Posted by Peridot on 31st of Dec 2009 at 12:45 pm
They, the mm's might put their "not hard earned" dineros, imho, into currencies, i.e., Uncle Bucky. You know those guys on CNBC are certainly to be "trusted" too. You were kidding, right? Anyway, Happy New Year. p.
I'd like to believe that
Posted by junkie on 31st of Dec 2009 at 11:49 pm
I'd like to believe that I can listen to anyone and believe no one :-) Much less to trust... Happy New Year, prosperity and luck yet to come!