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.
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
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
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
ReplyDeleteHi Ian,yes its only a setup ! As you know I am a long term bull like yourself
ReplyDeleteLol -- "@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