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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 9 August 2012

Gold

getting closer to the end of the wedge.Im still leaning to one more down leg before the next bull move,but far from confident.The fan line actio does not look  bullish,nor the action of the 200 dma (not shown) Keep an eye on the 12 month anniversaries of the 2 tops last summer,kicking in late Aug,early Sep.My best guess is these might mark a spike low but it is only a guess !


1 comment:

  1. Late Oct 2012 low, for gold/metals, then soar, is my bet. How can the SPX 500 go to 1550 with gold at say 1600, is what confuses me.

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