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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, 23 August 2011

Gold - death zone rally 7 weeks/7 days ?

 blow-off type moves often last 7 days (or  weeks),this is Gann's death zone cycle of termination.Not saying this is one but something to watch should we reverse sharply.This move is both 7 days AND 7 weeks




 I want to stress I am not a bear of gold but a correction,possibly sharp remains possible
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3 comments:

  1. The Hook23 August 2011 at 13:33

    Gold got cut in half in 1975/1976, why would this time be any different.

    ReplyDelete
  2. Anonymous23 August 2011 at 22:11

    A couple of articles from the Market Oracle last weekend.

    http://www.marketoracle.co.uk/Article29994.html

    http://www.marketoracle.co.uk/Article29964.html

    http://www.marketoracle.co.uk/Article29995.html

    http://www.marketoracle.co.uk/Article29855.html

    ReplyDelete
  3. Chartrambler23 August 2011 at 23:12

    because folks still had confidence in the dollar,the deutschemark,the franc,the yen etc in 1975 and we didnt have idiots running the Fed ?

    ReplyDelete

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