Friday, September 16, 2011

how's my gold

This is not exactly the gold finale I mentioned in my previous blog. It seems to me more like a temporary price correction and most probably the last one before the last wave up and I would expect that it will cross the 2,000 mark into near 2,100 before the crash comes happens. IF my simplistic guess is correct, then the recent strengthening of the dollar [now1USD=1.248] is just a trap to lure long-positions that should follow by a sell-down that will break the 1 USD=1.20 Singdollar mark and rallying the Gold to break the 2,000 per ounce mark as the dollar continues to weaken below 1.20 to 1.10 mark. The theoretical and so-far-proper relationship is inverse for gold and dollar. Towards, its finale, there will be contradiction where dollar and gold relationship becomes neutral and 'chaotic'. My...

Saturday, September 3, 2011

Gold Rush In its Finale!

Lets read the recent financial news again. The U.S govt is ?suing? its banks for the subprime damages [2008] NOW? [2011], intervention in bond markets to lower rates to counter slowing signs? and QE3 [quantitative easing - print money] in the next six months? Here's an argument...

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