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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (611)	9/13/2005 11:48:19 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50602

re: US Dollar Trend & Trading Channel: Here's what I see: stockcharts.com[d,a]daclynay[d20030825,20050925][pf][iut!lj[$gold]][j57613731,y]&listNum=2 ...there is short-term downward trend within the larger overall Trend & Trading Channel - I highlighted that in GREEN. Is that what you are referring to ? I think the USD must break below the "red" lower support line of this broader channel for Gold to break thru resistance and begin it's move thru $500+ - which I firmly believe is ultimately going to be a when, not if - proposition. But, we can NOT fail to underestimate the Power of the Prop Job...nor, can we Fight the Fed... let alone all the other Central Banks, when they decide that Gold's Message must be silenced...and unfortunately, this is exactly the environment when GOLD must be silenced... What I think will ultimately launch Gold and the Goldstocks onward & upward to significantly higher highs... is when the Fed will be forced to Cut Rates and really Crank Up the Printing Presses once again...which may come as soon as Q2 next year in my opinion and then the Forex Players are going to crush the USD and just obliterate the Commercial Shorts. ...they are the only "players" with enough firepower to take out the Commercials and to take on the Central Banks. In the nearterm, if the Fed has 2 more Rate Hikes - as the Bond Market has priced in... there are a lot of people that just moved to the wrong side of that trade... We shall see... Slider