.

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
.


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

Wednesday, 24 March 2010

leveraged gold ETF/stocks


Important support at 48 mirrors the important support at 1080 on bullion.The dollar is strengthening again but I suspect gold will rally anyhow.

Am finding the equity indices frustrating like many others.I still feel we may be near an important top but at the moment the US indices continue to grind higher on low volume despite being very overbought and numerous negative momentum divergences.US markets seem to be holding others up at the moment despite more sovereign debt concerns in Europe and despite the fiscal implications of the healthcare bill.End of quarter window dressing may be partly responsible ? The stronger dollar will be an issue for the markets I think,and volatility looks to be ready to pick up (vix chart)
The chartpatterntrader.com website does very good daily analyses of the US markets,including intraday charts and educational material
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)