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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (14186)6/20/2013 10:46:31 AM
From: John Pitera1 Recommendation

Recommended By
pcyhuang

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My technical work indicates that gold has another big impulse wave coming...I would say that when we break we have another leg down to get us over the next several weeks $400 below $1525..... which would be $1125

The Daily Gold chart is looking suspiciously very similar to the larger one that it was in since the price peak in March of 2011 and then broke down out of in mid April

we are having a global liquidity crisis and so risk assets are being aggressively sold.. The 10 year note got to 2.50% this morning and the 30 year long bond is up at 3.66%...... the FED has lost control of the longer end of the yield curve.... the emerging equity markets are getting sold agresively, and the selling of the emerging market currencies are tumbling even more precipitously....

John
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