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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 (32821)	5/29/2012 6:13:54 PM
From: Roebear	Read Replies (1) \| Respond to of 218641

GZ, These markets are all very tricky lately. What do you think about this market going into an similar phase to the 2008 election cycle, which did not do very well for any of the markets as we crashed. So I guess I am talking a double dip here on the monthly/weekly charts, though hopeful this would be not as bad as 08 crash. Looking at the fundamentals I am not seeing much to get very bullish about... Just curious if you have any views longer term, Best, Robert

To: GROUND ZERO™ who wrote (32821)	5/29/2012 7:31:07 PM
From: Hawkmoon	1 Recommendation Read Replies (2) \| Respond to of 218641

One has to pay focused attention on the US dollar in order to play Gold. I've been predicting a bounce in the USD since last summer and I think we're seeing it, primarily to a losing battle against deflation, as well as "Euro flight". Notice that the Swiss 3-month note is now in negative yield, essentially meaning people are paying their to hold Swiss paper/deposits. The USD (UUP) is currently topping out at it's upper daily and weekly Bollinger Bands, but I think this prove only a consolidation period, which will eventually lead to higher levels. Gold has already broken a major support level, and is now going to need to hold it's ultimate support level of $1520, for it to find a bottom. incrediblecharts.com If the Fed, and other CBs are going to do something to prevent a surge in the dollar, and breakdown in Gold (which I think find useful to create the impression of inflation), they are going to need to do it soon. Hawk