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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (2177)11/13/1998 6:03:00 PM
From: Zardoz  Read Replies (1) of 80963
 
Technical analysis is a strange animal. And you can draw any amount of curvilinear charts you like. The first point to realize is that:
1) XAU charts are controlled by GOLD
2) XAU stocks trade within ranges over the fundamentals
3) XAU analysis breaks down, and the POG fundamentals are more important
4) Gold is not a simple animal, and varies on a lot of other fundamentals
5) Gold has a large correlation {not curvilinear envelopes} to currencies, money growth, interest rates...etc
6) One analysis is in sufficient to draw a conclusion
7) Supply of GOLD around DEC increases, and demand is near none existance. As jewlery is made in the summer for christmas.
8) Gold producers are paid in US Dollars, and as the US Dollar appreciates, gold depreciates, as messured against a basket of currencies.
9) Excessive supply can come from europe as currency fluctuate.
10) short squeezes are possible in last days of a contract.
11) XAU is over inflated by the majourity producer {ABX}

I don't agree with Elliot wave analysis, convolution theories, and I'm not completly convinced of Curvilinear envelopes {but will research it tonight} Actually, I don't belief gold flows in cycles.

I'll post some of my charts later.
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