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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (70869)10/4/2006 1:47:46 PM
From: orkrious  Read Replies (1) of 110194
 
@gold triangles of the past -- trotsky, 13:29:51 10/04/06 Wed
i have now uploaded a word file that shows the three most striking triangles of the 1970's gold bull market. you can download it using the link below. these triangles bear a striking resemblance to the current one. they are also saying that the termination point of the current triangle should be in the 520-560 region if the bull market is to remain alive medium term. the reason why this price region is so wide is that in some instances the termination point of the triangles has resulted in a new low for the move, and so far the low in the current triangle was at about $540, established in overnight trading in Asia at the terminal point of the first wave down after the $730+ high.

[ork: the link doesn't work]

@SA gold shares -- trotsky, 12:15:08 10/04/06 Wed
the SA miners are defying the decline to some exent, which shouldn't be too surprising - the Rand gold price sits slightly above R.4,500/oz. - this is pretty close to its recent record high. in fact, it's higher than what it was when gold traded at $730.

@the Rand -- trotsky, 11:33:53 10/04/06 Wed
concurrently with the gold price, the Rand keeps collapsing too. it seems likely that the same players (i.e., hedge funds) are in forced liquidation mode in both markets.
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