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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (957)	4/13/2013 2:30:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202707

Three years ago U.S. wanted inflation, drove down the U.S. dollar. Wanted U.S. consumers to buy homes, didn't work. Now U.S. Federal Reserve driving the U.S. currency northwards. Will it work? Time will tell. March U.S. jobs numbers 88,000 created. That's what Canada can do with population of only 33.5 million (American 214 million souls). Goose

To: Goose94 who wrote (957)	4/15/2013 2:10:31 PM
From: Goose94	Respond to of 202707

As of 1409ET gold down US$110.00 to US$1367.00 Kitco.com

To: Goose94 who wrote (957)	4/16/2013 6:27:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202707

After a $270 sell off since Tuesday April 9th trading at $1590.1, June gold is up roughly seventeen dollars a troy ounce and trading at $1378.0. There is a lot of noise out there in the news which is reporting that the 13% sell off in the un-shiny one was ignited by concerns that European governments may have to follow Cyprus in selling some of their holdings. Therefore, after the longest rally in 9 decades with 12 straight profitable years, is the rally for the yellow one finally over? In the April 8th week, gold investors increased their net-long positions by 19 percent to 56,084 futures and options contracts. Also, I went on to basically state that any kind of decent short-term rally would probably be covered by these traders/investors; therefore, causing gold to remain in a down trend for quite some time. Below I posted a weekly June gold chart showing key support broken and selling off over $225 an ounce from the $1550.0 level. If we retrace this entire upward move on this chart, it would take us back to the low on February 5th 2010 of $1116.7 a troy ounce.