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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (779)11/5/2013 10:09:50 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 15903
 
Looked at YEN again. Guess I hadn't looked in a while. Tracing out a nice pattern. Should see a decent move soon. Doesn't have to be higher, but EW wise a move to 107-110 first followed by fresh lows later in 2014+ would make sense. YEN move to 107-110 along with some Euro strength could cause further Dollar weakness, but don't see it as the start of a big IT move lower.

Agree that gold is still very anemic. Has one more chance this friday with jobs report to gain some footing, otherwise will probably be sold into EOY.

bloomberg.com




To: gold$10k who wrote (779)11/5/2013 7:51:01 PM
From: gold$10k  Read Replies (1) | Respond to of 15903
 
Today's gold action vs. the script from August 8th... not encouraging IMO.