Tag: gold

13

Dec2009

Gold Update – 12/13/09.

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Gold remains in an uptrend. The weekly gold made a regular Fibonacci 89 week Cycle High on 12/2/09 High and saw a strong reversal down the following week. There is also a regular Fibonacci 55 (54-57) week Cycle that came in on the 12/2/09 High and is next due in early September 2010. We should see lower ... Read More
December 13, 2009chanakya

06

Nov2009

Gold at both ends of the economic K Wave.

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Now that the 10-year cycle has peaked, fear will become the dominant emotion in the financial marketplace in the years ahead.  Risk aversion is on the rise since the credit crisis and investors must look to those assets which tend to benefit from fear.  Gold is ... Read More
November 6, 2009chanakya

09

Sep2009

Gold, stocks and the 10-year cycle peak.

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Talk is now circulating in financial quarters of a new “mini-bubble” in the making. Apparently the unbounded rise in the stock market is reviving fears of another collapse like the one suffered last year. Another reason that the “hated rally” has sparked fears is that we’re about a year removed from ... Read More
September 9, 2009chanakya

02

Sep2009

Gold Breakout to 1125+.

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This is from the T&C Live Chat Room on 8/27/09 at 2:47PM EST when Gold was on the 945-950 bar. " chanakya wrote:14:47:11 ‹chanakya› don't track gold that much but...it is about to break out to the upside from a year long wedge. measuring (not exact) close to $175, add to 950-960 ... Read More
September 2, 2009chanakya

27

Jul2009

The dangers of drinking from the horse trough.

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One of the most talked about themes of the past few weeks was the supposedly bearish “head and shoulders” pattern in the daily chart of the S&P 500 Index.  The financial press drew investors’ attention to this pattern in the most alarmist tones they could muster.  ... Read More
July 27, 2009chanakya