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FWIW

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  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Here is some of my analysis for gold using point and figure charts...

     

    3094ftx.jpg

     

    I see gold on a knife edge at the moment - if the ppt are broken then it will keep on going up past $1000.

     

    If the ppt are still functioning then I see them smacking us down with all their might. We should get support around 865 though, any lower than this then the sales will be on for me!

     

     

     

     

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    It has been commented on recently the deleveraging has finished, who says? Surely this will be an ongoing process...???

     

    I don't think it is 100% over, but I feel as if the worst is behind us. (I could be wrong, but my logic goes along the lines of "don't panic, panic first"...)

     

    The ones that have yet to deleverage either have alternative strategies/plans in place or are taking the "do nothing" approach.

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    What have I just missed ???? Gold just fell off a cliff.

     

    I cant see any economic figures today. Or it being dragged down by Oil ????

     

    I don't see this as major and was half expecting this from my pnf charts.

     

    Have a look here:

     

    http://stockcharts.com/def/servlet/SC.pnf?...3;20]&pnf=y

     

    url should be "http://stockcharts.com/def/servlet/SC.pnf?c=$GOLD,PLTCDANRBO[PA][D][F1!3!!!4!20]&pnf=y"

     

    If we bounce of the 820 lower level, hopefully we will be able to break through 865!!!

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