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Commodities are KING
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Started this discussion. Last reply by john bougearel Oct. 15, 2008.
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I am going to sit this one out until Gold starts giving more robust retracements. Anything can happen (and usually dose) during thin periods in the market.
The risk of loss in trading futures, options and FX can be substantial, therefore only ge…
Gold
Next major cycle day is 12/31/09. Price target is 1195 the Fib 78% retracement
Silver
Next major cycle day is 12/31/09. Price target is 18.85 the Fib 78% retracement
Gold
So far the 12/11-12/14 cycle day and the 61.8% Fib retracement level has held.
Next cycle day is 12/21. Looking for at least a retest of the 1226 highs.
Next major cycle day 12/21.
Silver
So far the 12/11-12/14 cycle day and the 78% Fib retr…
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Michael Yorba's Blog
FX Gold Observations
I am going to sit this one out until Gold starts giving more robust retracements. Anything can happen (and usually dose) during thin periods in the market.
The risk of loss in trading futures, options and FX can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures… Continue
The risk of loss in trading futures, options and FX can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures… Continue
Posted on December 22, 2009 at 8:03am —
FX Gold and Silver Observations
Gold
Next major cycle day is 12/31/09. Price target is 1195 the Fib 78% retracement
Silver
Next major cycle day is 12/31/09. Price target is 18.85 the Fib 78% retracement
… Continue
Next major cycle day is 12/31/09. Price target is 1195 the Fib 78% retracement
Silver
Next major cycle day is 12/31/09. Price target is 18.85 the Fib 78% retracement
… Continue
Posted on December 20, 2009 at 3:30pm —
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The Lazarus Effect is a name that occured to me that describes two indexes. the VIX and the USD index. Both have been written off as "dead investments." However, both have broken out of their respective falling wedge formations and appear ready to spring back to life. The USB and saw its rise from the dead in June. The two mentioned above may be "late bloomers" and are more coincidental to a reversal in equities.
Regards,
Tony
The nature of this particular alignment is a T square between mercury Mars and Pluto.. This is a violent combination of planets and one that usually brings a high terror threat level as well as incidenmts that provoke retailiation. This may include some sort of domestic provocation which wuld divide the USA against itself. What concerns me is the sequence with this astro as a spark which then leads to a system breakdown in September and a round of new rules further limiting citizen rights in oct and November.
As far as trading signals the problem us traders need to consider is what the nature of the triggering incident is.. Should it be outside the USA then that could actually be helpfull to US assts at least for a time. As you know I am also on record as saying there is too much manipulation at present to trust many trading signals. I suspect that only after the next few months will we be back in clear air technically enough to go back to what we know has worked.. This includes astro ewave and gann. this is a good time to limt exposure in other words.. Just my opinion.
I have a buy on GLD at 925 and a sell short at 940. Frankly, I haven't a clue as to where sentiment is taking Gold. It could be with Oil or the Market. I'll be there.
As to the US Dollar, I am Long and still waiting for the Market to correct to see if the fearful pick the Dollar or the Yen. If it doesn't correct - well, I hit my stops.
The stock markets seem to like a weak dollar, but I can't ignore extreme sentiment readings, which leads me to believe we will see the USD bottom and equities top out, probably going into August month end.
Check out bonds too....if they really wanted to crash the bond market we would be at par by now. The way that market is shaping up is for a new bull leg to unfold as money flies somewhere "safe".
Most of the world's debt is denominated in USD. People have been trying to use IOUs to pay for stuff and at some point the guy at the other end will say "No more IOUS, I want cold hard cash to pay the debt you owe me". This means demand for physical currency or $ cash. A good example of this is what happened to Japan after their real estate crash. Debt deflation brought about a huge Yen bull market and it looks like the same sort of thing will happen to the USD. Well that's my guess anyway! At the end of the day the chart will tell me what is going on.
Hope you had good holiday.
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