explod
explod
- Joined
- 4 March 2007
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A close here is below one of the last supports. Gold and the Hui have decoupled so it will be interesting to see what transfers into our market.
It would appear it is now happening - should be gut wrenching till the bottom
I wonder if this is the start. The gold stocks I'm looking at are all doing very nicely while the XAO is breaking down.Yes Kennas, but at some stage there may well be a disconnection.
The last time gold touched $850 an ounce, the world was visibly spiralling out of control.
Soviet tanks had just rolled into Afghanistan. The Mullahs had seized US hostages in Iran. Pax Americana was on the ropes, and so was capitalism. Inflation had reached 14 per cent in the United States.
The final spike in bullion occurred when the Hunt brothers tried to corner the silver market, forcing up gold in tandem through arbitrage links. It collapsed within days.
If you strip out the Hunt anomaly, it is fair to say that gold established a "safe-haven" level of $600 - or $1,500 in today's money - that roughly lasted through the final phase of the Carter malaise, the oil shock, and the collapse of confidence in the monetary order.
By this benchmark, last week's jump to $869 looks tame. Yet gold is undoubtedly flashing warning signs. The price has jumped 42 per cent since the US credit markets suffered their heart attack in August. It has tripled since Gordon Brown sold over half Britain's reserves, deeming it a barbarous relic. That conceit has cost taxpayers £3.4bn, after adjusting for returns from dollar, euro, and yen bonds.
I bought 'gold' today as service I subscribe to informed breakout tonight 'FEB gold' and on its way to US$ 902 at least in this move.
What is the significance of $902? That must be near the up-trend line.
There must be a risk of a significant 06 style correction if we get near there, or are we going to break the up-trend?
If your refering to my 905 , your a clever pussycat A+ for observation and don't think of gold as any other commodity , but there's a calculation for each point , actually there can be quite a few . But we have to add something first to the price , it's historical , but what , and it deals directly with the gold price , no outside the square stuff on that area .
Now to be sure I bet that is a very concise and clear explanation, but as just a simple old past plod I cant keep up anymore, but I am very interested.
Is it something like that Guppy box (breakout) thingo he came up with a few years ago?
Yes, the price is running too fast.With all this excitement, I'm becoming very cautious.
I don't mean to be rude , but one day I hope to sell my theory on and would prefer not to go into it , it is intricate , and it has better results in high volatility which it is also based on .
I don't mean to be rude , but one day I hope to sell my theory on and would prefer not to go into it , it is intricate , and it has better results in high volatility which it is also based on .
... I know this will sound over the top , but all the workings I do are locked away , in a fire proof safe with our very modest accumulation of bullion ingots .
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