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To: Rarebird who wrote (4994)11/24/2009 4:02:09 PM
From: Claude Cormier  Read Replies (1) | Respond to of 26251
 
Indeed.

I read Saville regularly. Always has a very interesting opinion on the markets.

FWIW, he is bullish in all time frames on gold. He is bullish in the short and intermediate term on the USD index (I think midly bullish) while neutral long term. In other words longer term, he put more or less all currencies in same basket. And they will all go down against gold.

I share this opinion, but I am just a bit more bullish on gold and a bit more bearish on the USD long term.

Time will tell how things will unfold.



To: Rarebird who wrote (4994)11/25/2009 4:17:40 AM
From: westpacific  Respond to of 26251
 
Exhaustion Gap in play INDU; high stick and hammer last two closes...

Watching this gap up on GOLD to potential mark a top soon. Support 950...

3 month T Bill Discount Rate collapses for several days; something gives here.... .05 percent for 3 days!

Seeing some very strange activity with the yields in various Treasury Instruments for several days now...

Summation Index has turned bearish in November; first since March...

Russell 2000 has stayed below 50 DMA all November and the DMA has rolled downward...

SOX weekly is bigtime overbought and turned bearish with MACD cross....

W