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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

Tuesday, 11 September 2012

Gold - resistance at 1743 ?

I have the high as 1943 and a price/time square 1 year later (360 degrees) and 180 points down, so bulls need to be a little careful here if we were to get a reversal signal




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3 comments:

  1. Anonymous11 September 2012 at 13:12

    Yet another Gann genius - Lol. It remains to be seen how much decoupling from the USD there is - "stage 2". Gold / PMs may be the winner by default as the appetite for bonds and equities subsides. Overvaluations both cases IMHO, so the money will slosh somewhere. Nice charting! However the metals space remains small enough cap, the Wizards still can make it dance to their tune until there is some real regulation of criminal shorting. GL WD. Ian

    ReplyDelete
  2. Chartrambler11 September 2012 at 14:11

    Hi Ian,yes its only a setup ! As you know I am a long term bull like yourself

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  3. Anonymous11 September 2012 at 18:51

    Lol -- "@sqwii - hows $UVXY holding up for your subscribers you PIECE OF SHIT" Just have to be nimble and sacrifice a virgin now and then. Ian

    ReplyDelete

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