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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (45735)1/24/2009 12:51:23 AM
From: TobagoJack  Respond to of 217917
 
makes me want to revisit florence and / or watch the sequel to silence of the lambs :0)



To: carranza2 who wrote (45735)1/24/2009 1:02:29 AM
From: TobagoJack  Respond to of 217917
 
from citi, as it goes down the tubes, so they should know



CitiFX® Technicals - Bulletin
Technical Developments in the Foreign Exchange and Asset Markets

Gold on the cusp of the next big move higher????

We continue to remain unequivocally bullish on the medium to long-term view on Gold and still believe that we can ultimately see levels in excess of $2000.

The charts below remain very supportive of our view

We believe the backdrop that can cause this move can come 2 ways

*Gold trades as a safe haven to the ongoing financial and economic turmoil

*Gold trades higher as the massive liquidity injection by Governments around the World brings reflation and with it inflation. We are certainly NOT in the hyper-inflation camp but do believe that with this amount of liquidity, 'success' will also include inflation (Which of course devalues debt versus assets while deflation devalues asserts versus debt) We also believe that the caution to ensure that this is not a 'success' that is cut off at inception like in the early days of the Japanese 'recovery' means that authorities will be slow to take back this sea of liquidity

Tom Fitzpatrick
Chief Technical Analyst
390 Greenwich Street
New York, 10013.
+1 212 723 1344
thomas.fitzpatrick@citi.com