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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (3703)5/9/2010 2:45:14 PM
From: Mr. Aloha2 Recommendations  Read Replies (1) | Respond to of 220773
 
With gold breaking out to a new all-time closing high on the weekly chart or in all charts in other currencies besides the USD, how do you see gold looking toppy now?

[url]http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=10&mn=0&dy=0&id=p76252239451[/url]

Looks like a healthy bull market to me, especially with fiat currencies in a race to devalue in order to service their increasing debt burdens.

We are only now seeing financial advisers starting to say investors should have a portion of their portfolios in gold, and many are scared to death of putting money in the stock market after what happened on Thursday. We should see a steady flow of funds from other currencies and markets into gold and silver, the hard currencies.



To: GROUND ZERO™ who wrote (3703)5/9/2010 4:33:07 PM
From: Real Man2 Recommendations  Read Replies (1) | Respond to of 220773
 
Gold will only drop if the S. moves away from the fan.
Overall, I expect a lot of moves back and forth. Things
gonna be volatile, and even more so as S. continues to
move toward da fan. They will fight it, but that is
not usually successful. -ng-