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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

Thursday 15 December 2011

Gold

This looks like a 3rd wave and it has hit the lower channel line.We should have a 4th wave rally,then more down

 
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1 comment:

  1. theyenguy15 December 2011 at 09:20

    In the age of deleveraging, a buy and hold strategy in stocks, such as the one by Barrons, that is Barron's 10 Favorite Stocks For 2012, will be utter disaster: its falling on a knife. The only prevailing forms of wealth will be diktat and the physical possession of gold. Guy M. Lerner of The Technical Take relates that gold is still in a bull market and presents the monthly chart of the gold showing it to be in an uptrend. Gene Arensberg of Got Gold presents the weekly chart of gold headed to support at $1,535. And Mitch Hammerstedt of Market-Foresight presents the daily chart of gold trading at $1,574 with support at $1,500. The fall lower in gold reflects speculative exhaustion and presents a buying opportunity.

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