Think about it Jeff, we are in a depression, if gold changed its trend to above 1000 as some analysts predict, all this unemployed people from Microsoft (and others) will jump on to gold panning, with oil prices at 40s (and coming 20s in february) gold has no way to go but down. Gold still has monthly inside-month trading from october, only break above 925 would make monthly gold trend to change up, its a bull trap. Check the monthly it has a hanging man pattern there with a possible selloff to 660 in february. Dollar is also headed to 92 with the coming S&P selloff to 600 next weeks. Put your bear t-shirt and you are gonna be in profits
watch gold go thru the roof as each day more banks fail. Like I said before you were just plain wrong. and your call for 1000 anytime soon is just plain wrong too.
thank you for a lot of useful information. I was wondering, how to search for some specific content. As I remember, some months ago you talked about 'thoughts on volume'. How to find this? - Thank you!
Here is the 5 minute chart I posted earlier updated to the close.
Carl,
ReplyDeleteAny comments on your gold prediction. The price of gold seems to be showing a lot of resilience.
Think about it Jeff, we are in a depression, if gold changed its trend to above 1000 as some analysts predict, all this unemployed people from Microsoft (and others) will jump on to gold panning, with oil prices at 40s (and coming 20s in february) gold has no way to go but down. Gold still has monthly inside-month trading from october, only break above 925 would make monthly gold trend to change up, its a bull trap. Check the monthly it has a hanging man pattern there with a possible selloff to 660 in february. Dollar is also headed to 92 with the coming S&P selloff to 600 next weeks. Put your bear t-shirt and you are gonna be in profits
ReplyDeleteyour friend at www.marketkarma.blogspot.com is looking for a big rally in stocks
ReplyDeletewatch gold go thru the roof as each day more banks fail. Like I said before you were just plain wrong. and your call for 1000 anytime soon is just plain wrong too.
ReplyDeletemonkeypicks
Hi Carl,
ReplyDeletethank you for a lot of useful information. I was wondering, how to search for some specific content. As I remember, some months ago you talked about 'thoughts on volume'. How to find this? - Thank you!