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.
Monday, 16 September 2013
Gold
here is a bear count for gold from Alexandros Yfantis. I am still inclined to the view we should be watching for a low here and that 1200 is a major level(see earlier posts) but I could be wrong !
I think the lack of performance in gold on the back of a weak dollar, especially the last week or so, combined with, a lack of performance in what should be the strongest month for gold and gold stocks, is a strong signal that gold is going to a new low below $1175 sometime in the foreseeable future.
I think the lack of performance in gold on the back of a weak dollar, especially the last week or so, combined with, a lack of performance in what should be the strongest month for gold and gold stocks, is a strong signal that gold is going to a new low below $1175 sometime in the foreseeable future.
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