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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Tuesday, 4 January 2011

Gold

3rd piercing of the bollinger band,I still favour a correction (triple top at double the autumn 2009 700 low ?) but if we break back above 1420 this will be a successful 3rd attempt.There is a 10 year cycle kicking in this year from the lows in 2001.
Posted by at

2 comments:

  1. Attitude9284 January 2011 at 12:36

    What's the significance of the 10 year cycle?
    http://instigator928.blogspot.com/2011/01/gll-scalp.html
    Thanks!
    Jordan

    ReplyDelete
  2. Chartrambler4 January 2011 at 13:54

    ordinarily a 10 year cycle from a low would signal a top of some significance....

    ReplyDelete

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