2010-05-28

How money works

http://jsmineset.com/2010/05/27/how-money-works/

Gold in retrospection - technical analysis and "fractal" patterns

Gold 1 week chart

On weekly chart (from 2007-09 to 2010-05) we can see massive triangle in brown, and then parallel channel in blue. Channel target is in ~1,370 USD area. Bottom is @ ~1,140 USD area.
Gold 1 day chart

On dayli chart (from 2009-11 to 2010-05) we can see very simillar pattern - massive triangle in brown, and parallel channel in blue. Channel target is ~ 1,270 USD area. Bottom - 1,175 USD.

Long ago I noticed this patterns. It was strange for me when I saw same patterns are formed in different time frames... But pattern like this often happen in gold. It is almost like a fractal. Of cource the pattern appear because human emotions are "captured" into the gold market and market in general.
Gold 4h chart

4 hours chart is insignificant for the moment, except price formed a small top.

2010-05-27

Gold charts from yesterday

1 day chart

Parallel channel rising (brown), it's almost on the resistance now.
4h chart

Channel inside the brown channel, almost on the resistance too.

Readings...

Gold Daily Chart: Cup and Handle Formation on Track
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Ux-PnQLyQeA/gold-daily-chart-cup-and-handle.html

Historical day: Apple becomes the second largest US company by market cap, taking over Microsoft
http://feedproxy.google.com/~r/RealityLenses/~3/suH85vmPuUE/historical-day-apple-becomes-second.html

Robert Prechter on TechTicker
http://feedproxy.google.com/~r/RealityLenses/~3/VDgM6u9qx-0/robert-prechter-on-techticker.html
video

Toyota Motor Corp. is buying a $50 million stake in electric-car maker Tesla Motors Inc. http://sufiy.blogspot.com/2010/05/toyota-motor-corp-is-buying-50-million.html

All Gold Funds are Not the Same
http://timiacono.com/index.php/2010/05/20/all-gold-funds-are-not-the-same/

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2010/05/26/hourly-action-in-gold-from-trader-dan-278/

The Gold Rush in China
http://timiacono.com/index.php/2010/05/25/the-gold-rush-in-china/
video

2010-05-20

Gold charts

gold 1 day


Shown in blue is the rising channel after the triangle (in brown).
Price must rise to the channel top - about 1,240 level.

gold 8h


Shown in blue is same channel, but magnified.

Readings...

Gold-Euro
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/YPZGs3xjR_E/gold-euro.html

Gold Is In a Classic Cup and Handle Formation Targeting 1,450
http://jessescrossroadscafe.blogspot.com/2010/05/gold-is-in-classic-cup-and-handle.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29&utm_content=Google+Reader

Gold and Silver Intermediate Targets
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/l9ufUe2cXfE/gold-and-silver-intermediate-targets.html

GLD “Tonnes in the Trust” Keeps on Rising
http://timiacono.com/index.php/2010/05/19/gld-tonnes-in-the-trust-keeps-on-rising/

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2010/05/19/hourly-action-in-gold-from-trader-dan-275/

Gold ATM debuts in Abu Dhabi hotel as retail demand jumps
http://www.arabianmoney.net/gold-silver/2010/05/13/gold-atm-debuts-in-abu-dhabi-hotel-as-retail-demand-jumps/
video

Nassim Taleb forecasts future US treasury bond crisis
http://www.arabianmoney.net/bond-markets/2010/05/18/nassim-taleb-forecasts-future-us-treasury-bond-crisis/
video



In Bulgarian:

Неновски за “южното евро”
http://ikonomika.org/?p=3888

2010-05-14

Weimar Republic

I read something about Weimar Republic (Germany).

Here what is interesting:
Jan.1919, 1 oz gold =            170 DeutscheMarks
Nov.1923, 1 oz gold = 87 000 000 000 DeutscheMarks

Incredible isn't it ?

All this time, the gold oz costed about 20 USD.

2010-05-13

Gold charts

Gold weekly:

On the weekly chart we see a huge triangle (upper is brown), that was broken and price rising within a channel.. If we assme that the price will rice to upper boundary of the channel, this gives target of 1350's area.
Note the marks (1) and (2). Until week ago, the second top was lower than the first one, and the fugure looked like double top forming. In last 2-3 days the secnd mark hits higher price, so this no longer can be a double top.

Daily chart:

On the daily we have a triangle again, and a channel from the triangle. In fact similarity with the weekly chart is very big. Upper target is hit already, so we may see decline. Decline could be to the middle support line, or to lower boundary ~1160 area.

8 hours chart:

on 8h chart we can se same trend as on the daily, but bigger. Also the targets can be seen more clear.

Readings...

How I feel
by AntiCitizenOne
http://anti-citizen-one.blogspot.com/2010/05/how-i-feel.html
I feel like I've been kicked for 13 years, and I've just seen the kicker break his foot.

Jon Stewart explains Market Disruption
http://feedproxy.google.com/~r/CalculatedRisk/~3/1zH784Ryl_o/jon-stewart-explains-market-disruption.html
video

Gold and Oil Weekly Charts: SP 500 Bubble Deflated by Gold
http://jessescrossroadscafe.blogspot.com/2010/05/gold-and-oil-weekly-charts.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29&utm_content=Google+Reader
very good oil and gold chart in Jesse' Babson style

2009-2010 Gold Bubble Still Just a Baby
http://timiacono.com/index.php/2010/05/12/2009-2010-gold-bubble-still-just-a-baby/
comparisson of gold prices 2005-06, 2007-08, 2009-20010

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2010/05/12/hourly-action-in-gold-from-trader-dan-270/

2010-05-11

Gold 4h

Gold rised to upper boundary of the parallel channel, and now is time to go down :)
$1164 is expected now, 
also some weak support in 1190 - 1195 area.

Readings...

Gold-Silver ratio bides time in bottoming pattern
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/W5l7SpLyfx0/gold-silver-ratio-bides-time-in.html

Rise of the Machines!
The PlayStation Syndrome
by John Needham
http://financialsense.com/fsu/editorials/danielcode/2010/0510.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fso+%28Financial+Sense%29&utm_content=Google+Reader&utm_term=FSO

The Multi Trillion Dollar Band-Aid
http://jsmineset.com/2010/05/10/the-multi-trillion-dollar-band-aid/
I can only imagine what size offering of euros took it down from over $1.30 to the present $1.2887. You pledge almost $1 trillion to do all necessary to support the euro, and it fails to take the prize on the day of initiation.

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2010/05/10/hourly-action-in-gold-from-trader-dan-268/

Fed Audit Under Fire
By: Ron Paul
http://www.safehaven.com/article/16733/fed-audit-under-fire

What does the euro-bailout achieve except raise gold prices?
http://www.arabianmoney.net/gold-silver/2010/05/11/what-does-the-euro-bailout-achieve-except-raise-gold-prices/

Europe's Bazooka
By: Axel Merk
http://www.safehaven.com/article/16737/europes-bazooka
including video

Interesting

Take a look at the French Market
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/d4eIG4jhrEw/take-look-at-french-market.html
French Stockmarket

In Bulgarian

Първи сме!
от Едвин Сугарев
http://e-vestnik.bg/9051/parvi-sme/

2010-05-10

Readings...

US Dollar - Monthly Chart (Linear Scale)
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/HWWLX0v6sdY/us-dollar-monthly-chart-linear-scale.html

Hammer Time?
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/JasCxs-vuuA/hammer-time.html

Gold - Canada Dollar
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/nxuyxbA42gE/gold-canada-dollar_06.html

ECB to Buy Bonds In Secondary Market to 'Address Severe Tensions In Certain Market Segments'
http://jessescrossroadscafe.blogspot.com/2010/05/ecb-to-buy-bonds-in-secondary-market-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29&utm_content=Google+Reader

Euro-bailout to send gold and silver prices much higher
http://www.arabianmoney.net/gold-silver/2010/05/10/euro-bailout-to-send-gold-and-silver-prices-much-higher/

Euro update
http://feedproxy.google.com/~r/RealityLenses/~3/oBTsuWfY6dk/euro-update.html

GLD “Tonnes in the Trust” Hits a New High
http://timiacono.com/index.php/2010/04/27/gld-tonnes-in-the-trust-hits-a-new-high/

Why the Dow Plunged 1000 Points in 8 Minutes
http://www.financialsense.com/fsu/editorials/2010/0507.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fso+%28Financial+Sense%29&utm_content=Google+Reader&utm_term=FSO

PLUNGE! 1987 Style Sudden Drop in US Stocks Driven by Program Trading and a Ponzi Market Structure
http://jessescrossroadscafe.blogspot.com/2010/05/plunge-1000-point-drop-on-dow-driven-by.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29&utm_content=Google+Reader
incl. nice chart

Celente says crash of 2010 is just starting, buy gold
http://www.arabianmoney.net/gold-silver/2010/05/07/celente-says-crash-of-2010-is-just-starting-buy-gold/
video

Marc Faber and Nouriel Roubini on the latest market crisis
http://www.arabianmoney.net/gold-silver/2010/05/08/marc-faber-and-nouriel-roubini-on-the-latest-market-crisis/

Uncle Jay explainst ... immigration
http://www.youtube.com/watch?v=OxykARTVoww&feature=youtube_gdata

2010-05-07

Gold and Dow:Gold

Gold 4h

Blue lines make a channel. We may very well see drop to lower boundary - 1162 level


Gold 5 min

5 min speculative chart.


Dow:Gold 1 day chart

The ratio made a low, but is not significant low.


Same is shown on weekly chart. There were lower low at the beginning of the year.

2010-05-06

Gold and Dow

Gold @ 1,208
Dow:Gold @ 8.68

Dow:Gold is low, but have been lower @ 6.90

2010-05-05

Gold 4h chart with some trendlines

Brown lines formed a wedge before, price now drops and brown lines are parallel channel.
Price may fall futher to blue line.