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

To: ggersh who wrote (102027)	7/25/2013 2:47:05 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218178

GOLD: CitiFX Techs have issued a note in which....... 25-Jul-2013 GOLD: CitiFX Techs have issued a note in which they feel that "Gold is finally finding a platform off of which the next leg higher may have already begun." They warn that calling a bottom is always a danger and therefore would like to see a weekly close above near term resistance of $1321-38. They believe that the down move of the last quarter was a deep correction rather than an end of the long term rally, and expect Gold to move to their 2016 target of $3400-$3500,although expect silver to outperform. They point to the price action which took place back in the 1970s where "After a rally where Gold increased five-fold, it saw a 44% correction over 17 months (1974-76), finally bottoming 14% below the 55 month moving average ". They also like Gold in Yen terms as "Gold in JPY terms has bounced off of the 200 week moving average and is moving higher after overshooting the upward channel bottom " and they expect dollar-yen to move higher on a medium- long term basis. My recommendation would be - sell JPY v USD and buy gold and silver or write a long term put on silver IV's are very high 29%