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


To: 2MAR$ who wrote (78417)8/24/2011 2:18:50 PM
From: Hawkmoon  Read Replies (3) | Respond to of 217867
 
Dennis Gartman, who's no slacker when it comes to Technical and Fundamental Analysis, believes Gold has topped..

cnbc.com

Does this mean the USD is about to rally hard (hurting the big cap equities markets) and signaling deflation?

Hawk



To: 2MAR$ who wrote (78417)8/24/2011 2:19:42 PM
From: 2MAR$  Read Replies (1) | Respond to of 217867
 
GLD just worked its way down to just above the 20ma @ $170/change and trying to stabilize , taking profs monday a very good thing guys !

there's still selling ....$169 is the 20ma , then $167.50...even that low would still keep $gold in an uptrend on the weekly ...big forces at work here , the GLD was just pulling up equal to the XLF in market cap on monday which is the 2nd largest ETF

and today they "saved" BAC<g




To: 2MAR$ who wrote (78417)8/24/2011 10:14:40 PM
From: 2MAR$  Read Replies (1) | Respond to of 217867
 
Been a bit of a bounce here on PM's and was a margin hike that did unwind alot of the trade
which you could almost sense was on the way
economictimes.indiatimes.com