This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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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
Monday, 16 September 2013
Gold
here is a bear count for gold from Alexandros Yfantis. I am still inclined to the view we should be watching for a low here and that 1200 is a major level(see earlier posts) but I could be wrong !
I think the lack of performance in gold on the back of a weak dollar, especially the last week or so, combined with, a lack of performance in what should be the strongest month for gold and gold stocks, is a strong signal that gold is going to a new low below $1175 sometime in the foreseeable future.
I think the lack of performance in gold on the back of a weak dollar, especially the last week or so, combined with, a lack of performance in what should be the strongest month for gold and gold stocks, is a strong signal that gold is going to a new low below $1175 sometime in the foreseeable future.
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