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.
Friday, 24 October 2014
SPX
looks like 5 was a matching wave with 1. My guess is that this whole wave from 1820 is a B wave,with C down to start soon
Do you have an opinion on what Gold or the metals in general will do? I could see where a new high would cancel all fear again which should be bearish for Gold.
Ive just done a post on gold.I think the 20 and 40 dma's are as good a giuide as any.There seems to be a disconnect caused by government manipulation and the strong dollar.I am fundamentally very bullish on gold for the next few years. Was Jim Rogers saying he would buy at $1000 recently ? We could certainly fall lower if 1200 breaks again
People who understand the "paper price" of gold vs the actual value of Gold get it. What the paper price does is irrelevant for LT holders. What a great opportunity to load up. Marginal cost of production ~ 1200 Au, 24 Ag. No take no genius to analyze. W
Jim Willie discusses the implications of a Deutche Bank failure. http://www.youtube.com/watch?v=Y9w1lo-X7ts
ReplyDeleteDo you have an opinion on what Gold or the metals in general will do? I could see where a new high would cancel all fear again which should be bearish for Gold.
ReplyDeleteIve just done a post on gold.I think the 20 and 40 dma's are as good a giuide as any.There seems to be a disconnect caused by government manipulation and the strong dollar.I am fundamentally very bullish on gold for the next few years. Was Jim Rogers saying he would buy at $1000 recently ? We could certainly fall lower if 1200 breaks again
DeletePeople who understand the "paper price" of gold vs the actual value of Gold get it. What the paper price does is irrelevant for LT holders. What a great opportunity to load up. Marginal cost of production ~ 1200 Au, 24 Ag. No take no genius to analyze. W
Delete