Tuesday 30 April 2013
Monday 29 April 2013
Sunday 28 April 2013
Gold
I had thought gold might spike down to 1488 and showed this chart a few times.In the end we had a much bigger fall and I am very much on the sidelines until the picture clears up. As I understand it physical demand remains strong and I personally dont see an imminent end to the money printing that is Central banks' default policy to the current crisis that we are still in,so I am fundamentally bullish and waiting for the technicals in the paper market to clarify the situation.At the moment they are bearish and I suspect a retest of the lows is likely,I still believe gold will trade much higher within the next few years
Saturday 27 April 2013
CAC
Are the markets ever going to be allowed to fall ? The sell setup on the CAC was textbook Gann,with a high on the March time cycles and a gap down break of a triple bottom.In any normal market this would have led to a decent fast move down....We have seen this sort of thing too many times now to believe it is anything other than blatant manipulation....eg FTSE in November,SPX in summer 2011
Friday 26 April 2013
Thursday 25 April 2013
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Former_US_Treasury_Official_-_Fed_Desperate_To_Stop_Collapse.html
" The Fed’s ability to print can have a
longer life than one might think. Recognizing the dollar’s
vulnerability from the printing press, Washington has convinced the
Japanese government to help protect the dollar by printing yen and is
lobbying the ECB to print more euros. To prevent sharp appreciation in
the franc, the Swiss have had to print francs in order to absorb inflows
of dollars and euros. Indeed, the Fed’s debasement of the dollar
forces other countries to print also in order to protect their export
markets. When so many countries print money, it takes the pressure off
the dollar. What it means is that so much money is being created that
the final blowout will result in a world inflation. Unless the Chinese
join the printing in order to protect their export markets, China will
be set to take over the reserve currency role. (Printing a currency
causes it to depreciate relative to other currencies. If all currencies
are printed, there is no relative change.)
In that event, what would
finance the federal budget deficit? Now desperate, authorities might
seize bank deposits, not in order to bail out bankers but to bail out
the federal government. After bank deposits are pillaged, the remaining
source of wealth to be plundered would be private pensions, or what is
left of them after rising domestic inflation and interest rates collapse
the bond, stock, and real estate markets."
Wednesday 24 April 2013
Tuesday 23 April 2013
Monday 22 April 2013
http://www.zerohedge.com/contributed/2013-04-22/why-western-banking-cartel%E2%80%99s-gold-and-silver-price-slam-will-backfire-and-how
I dont want to get into the gold and silver price manipulation/conspiracy arguments,which seem way too emotional (on both sides to me) Nevertheless I like to keep an eye on the various theories whilst ultmiately letting the chart decide.The point about premiums of physical over paper is interesting,in my view
I dont want to get into the gold and silver price manipulation/conspiracy arguments,which seem way too emotional (on both sides to me) Nevertheless I like to keep an eye on the various theories whilst ultmiately letting the chart decide.The point about premiums of physical over paper is interesting,in my view
Saturday 20 April 2013
SPX
It looks like a significant top is in but it is possible some "right shoulder churning" develops before the next drop.1440-60 looks like an obvious target level
The Gann angle sell signal on SPX (this is set to calendar time ie includes spaces for weekends,hols)
Gann wheel target is 1441 (360*) which is 1 pt above 1440 the 61.8% retrace
Gann wheel target is 1441 (360*) which is 1 pt above 1440 the 61.8% retrace
Friday 19 April 2013
Thursday 18 April 2013
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