20,40 dma crosses and the 6 month and 2 year cycle cluster around the winter solstice
note 1200 is a very important area.It is 2/3 of 1800 top area,360 from 1560 the approx level of Dec 2011 low and 720 from 1920 area where gold topped.My thinking is we test 1200 ,maybe even break it and suck in some sellers and then rally sharply.Indications are that the paper gold market is a completely false ,manipulated market.I see gold exploding higher when this becomes obvious to more people.Nevertheless this chart shows how bulls only need to wait for a 20,40 cross rather than guessing ....:-)
note 1200 is a very important area.It is 2/3 of 1800 top area,360 from 1560 the approx level of Dec 2011 low and 720 from 1920 area where gold topped.My thinking is we test 1200 ,maybe even break it and suck in some sellers and then rally sharply.Indications are that the paper gold market is a completely false ,manipulated market.I see gold exploding higher when this becomes obvious to more people.Nevertheless this chart shows how bulls only need to wait for a 20,40 cross rather than guessing ....:-)
Miner strength today, as the miner shorts get blown out of the water b4 the bullion shorts.
ReplyDeleteNo expend energy and emotional capital jousting with condescending bloviators on a broken site. One nugget for ten idiots. W
ReplyDeleteyou are right...no emotional capital involved though,just having fun exposing the idiots.Waste of time though
DeleteBut 3 weeks ago as a result of posting there someone emailed me 20e books on Gann,TA and astro stuff worth £100s so its not entirely useless
Indicies - The bears were down to 14.4%, after two weeks at 15.5%. That is a historic low reading going back toward the end of 1980's bull market. The recent data is below the 15.7% shown in April 2011 which proved a short term top.
ReplyDeletePC Roberts - Already the Chinese currency has appreciated remarkably against the dollar. In 2006, the exchange rate was 8 Chinese yuan for one dollar. Now it’s (down to) 6. That’s a decline of 25% in the dollar (vs the yuan) in (just) 7 years. Now, this is during the period that the Chinese are buying dollars to support the dollar’s value.
ReplyDeleteAnd now they’ve announced they (China) are not going to do that anymore (support the dollar). So, what then happens to the appreciation of the Chinese currency if they simply no longer hold their own currency down by using it to purchase dollars in order to keep the dollar up? What happens when they stop that?
good stuff thanks .As the Chinese say, "may you live in interesting times"
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