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.
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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
Wednesday, 18 September 2013
Gold
If 50% doesnt hold my best guess is a double bottom with the low early October ,1 year from the high
There is 60 month cycle later in October
The high to low range was 744 points. 744 days from the high is Sep19 !
1309 is key level for bulls. I think we either bottom this week or retest 1180
I was really pleased with ysterdays move,coming one day before the Gann square of the range. I guess I wont feel really comfortable though till we are above the 20,40 dma's on the daily
Congrats to Lara Iriarte for the knee-slapper of the week with this wave 4: http://static.safehaven.com/authors/iriarte/31166_b.png
ReplyDeleteI was really pleased with ysterdays move,coming one day before the Gann square of the range. I guess I wont feel really comfortable though till we are above the 20,40 dma's on the daily
ReplyDelete