2009-10-27

Gold 4h



the gold price fell to the blue support line, but also to the brown line (falling channel / flag).
gold must find support here, and we to see price rice very soon.

Note:
yes, down brown line is moved down.

2009-10-26

Gold charts

Gold daily

On daily chart we see rising channel, but price may fall some more, before begin to rise.
Gold 4h

On 4h chart we see the current support level.

Gold 4h again

Here we show the triangle we spoke about in previous posts (upper blue line, down - brown line).
Well the triangle was broken in "wrong" side.

We see there is additional support from parallel blue line, because the triangle "morphed" into down channel(something simillar happened in Gold some time ago). We are currently on the bottom of the channel, and I we are correct, we may expect rise to $ 1,065.- level.

This down channel can be view like a flag (see daily chart - lines not shown).

Dow inflation adjusted


A friend posted this. Never saw such clear chart of dow inflation adjusted.

2009-10-22

Gold

Gold 4h


Gold 2h

On both charts we can see consolidation triangle.
(The 4 hour chart is shown to see "where we are")
Expectation now is we to see up-1065 - down 1050, then soon or later, but within a week or two- a breakout to 1100 - 1120 will ocure.

2009-10-15

Kitco stats


Kitco stats little bit upper.
If you do not understand this post, click on "Gold mania barometer" tag below.

Gold 4h


Gold began a correction, it may go down to brown or blue line, where support will be tested.

Dow at 10,015

Yesterday, Dow hit 10,000 mark for a first time in an year or so...
Same time, gold stay at 1,060 area.
This make Dow:Gold ratio to be 9.5 .

"Rollover" movie

Just watched Pakula's movie called Rollover . Very interesting movie. I believe is not that popular because it was way before its time :)

2009-10-13

Readings

Gold Analysts are not Gold Bugs
http://trendsman.com/2009/10/10/gold-analysts-are-not-gold-bugs/

GLD - Upside target
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/BMFikqS8NbU/gld-upside-target.html

The Speculative Bubble in Equities and the Case for Deflation, Stagflation and Implosion
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/7_BQIrLCGbU/speculative-bubble-in-equities-and-case.html

Gold guru Jim Sinclair explains the gold price surge
http://arabianmoney.net/2009/10/11/gold-guru-jim-sinclair-explains-the-gold-price-surge/
Downloadable audio (MP3)

Dollar carry trades herald next crisis: sell stocks, buy gold
http://arabianmoney.net/2009/10/10/dollar-carry-trades-herald-next-crisis-sell-stocks-buy-gold/

Gold rises above $1,050 an ounce, silver almost $18
http://arabianmoney.net/2009/10/08/gold-rises-above-1050-an-ounce-silver-almost-18/

Puru Saxena: Buy Gold
http://sufiy.blogspot.com/2009/10/puru-saxena-buy-gold-tnrv-rmkv-ngqto.html

A Look At the Gold Chart
http://bonddad.blogspot.com/2009/10/look-at-gold-chart.html
yet another who sees the wrong H&S in gold...

Forex Fridays
http://bonddad.blogspot.com/2009/10/forex-fridays.html
USD



Stocks:

Dow 60 min.
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/EB1VtTyF3zA/dow-60-min.html

Crash 0f 2007 and Retracement From the Top
http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Ftu9gdEr65Q/crash-0f-2007-and-retracement-from-top.html



Interesting:

Obama gets Nobel Peace Price 2009
http://feedproxy.google.com/~r/RealityLenses/~3/xLptA_qL0As/obama-gets-nobel-peace-price-2009.html

Couple of gold charts

Weekly - Gold retrospection:Explanations - tomorrow :-)

Daily - the massive triangle: The triangle was broken, also there was kind of test of the rising channel (brown)

4 hours:The rising channel "out" of the triangle. Channel is broken at the top, but I do not think this is so important, and probably gold will fall to the bottom. See 30 min chart.

30 min Probably a bearish wedge forming. Target will be "middle" of the 4h channel ($1,018 area) or the bottom - $990-1,000 area