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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

Sunday 1 December 2013

Gold


3 tops in a weak price zone (below HWB of last range),trapped in bear channel  - indicates no room for complacency as regards technicals.I outlined my relatively optimistic view on gold a few posts ago,nevertheless this is not a bullish chart
Lines are Gann angles
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1 comment:

  1. Anonymous1 December 2013 at 19:18

    No sweat unless 1180 taken out. Again I bloviate that Au TA un USD does not hold a lot of water, other than herding behavior. And in this environment where TPTB are using infinite taxpayer money to manipulate it, any analysis is a coin flip at best. W

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