.

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


Saturday 25 February 2012

Gold


needs to hold above the bearish 1x1 .Heading into a 6 month cycle from Sep high so bulls be on guard.I am not chasing gold here but shorting looks dangerous above the 1x1.
Second chart is a highly speculative pitchfork.The dollar is key for where gold goes next week I believe.

Gann numerologists - note it would not be a surprise to see gold fail at 1800 and silver at 36  !!


Looking at this weekly chart definitely pushes me toward the bearish camp.With a low around 920 the June contract should have difficulty pushing above 1840.I suspect 1800 may hold.


No comments:

Post a Comment