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

To: NOW who wrote (29971)	3/16/2012 4:20:04 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219352

Right now, gold could do anything, it's sitting in the middle of no man's land... to take a position here at this point is just a flip of the coin... it could rally some from here, but it could also break down for another leg lower... i have no signal to buy and the sell signal is too far along to go short here... for a buy signal today, I would need to see April gold close above 1717.50, not too likely today unless something crazy happens... GZ

To: NOW who wrote (29971)	3/16/2012 4:42:03 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219352

In fact, using my model for April gold, if April gold closes today below 1624.90, then that would be a new major sell signal and we could see another collapse of that market for at least down to around 1510 to 1490... I'm not suggesting that will happen, but if that signal is triggered today, then look out below... As well, April gold must close above 1703.80 on Monday March 26th, or that same major sell signal will automatically be triggered... so, right now, gold is sitting on a hot spot and that market has the real potential of being hammered, next week should be very interesting for gold... silver will likely just tag along with gold, it appears that silver is the weaker sister to gold... GZ