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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (104947)11/27/2009 4:58:59 AM
From: Proud Deplorable2 Recommendations  Read Replies (1) | Respond to of 116555
 
"i'm still leaning toward a push to raise the markets up towards the EOY, though"

If there is no Xmas rally the USA is finished IMO. Down everything goes. Anyway doesn't this just show how stupid the world is when they run to the USD as a safe haven? When will they ever learn?

Hold your gold because as soon as the month is over it and the markets race to the moon. They WILL orchestrate a Xmas rally this year because if everything collapses now there will be riots and blood in the streets and Obama will be overthrown.




To: Skeeter Bug who wrote (104947)11/29/2009 9:06:38 PM
From: riversides  Read Replies (1) | Respond to of 116555
 
Observation

From a technical analysis point of view, both gold and gold stock prices have a bit further to go, but should begin a multi month consolidation soon, if we are indeed at the beginning of phase two of a gold bull market.

From what I can see currently, I do not see a blow off top in progress in gold prices. In fact, I am not certain that phase two has even begun until gold stocks make a new high, and begin to outperform gold consistently. Therefore, my expectation is that a multi month consolidation can start anytime, and a better time to buy will be some time in 2010.

321gold.com



To: Skeeter Bug who wrote (104947)11/30/2009 12:02:54 AM
From: Claude Cormier  Read Replies (1) | Respond to of 116555
 
|| just to clarify, i think gold trades with the stock market
|| and both trade inversely to the dollar.

I think that Gold has traded so far inversely to the US dollar index and the US dollar. I suspect that it will continue to trade inversely to the US dollar but eventually will start to trade up with the US dollar index when the US dollar start to outperform the Euro and other currencies. That will be when gold goes strongly up against all currencies.