USPOG slumps

This is hard to ignore, when USD gets some upside and USPOG slumps and hits perfectly the 50MA (low) and closes right on the rising mid-trendline. Clearly USPOG is showing further weakness here after having failed on numerous rallies since the all time $1033 high. You’ve got to factor in a potential for at least [...]

USPOG looks toppy here

I’m always wary of a rising DOW and rising USPOG; it’s a sign of excess USD money in the system looking for a home, confirmed by continued falling USD as it devalues. Right now though, USPOG has a toppy look about it, turning over perhaps. Downside should be a small decline back to the 50MA [...]

$NZ Price of Gold; Thin end of the Wedge

Gold in $NZD continues working it’s way into the thin end of a large wedge formation, moving sideways in a very narrow price range, caught between the forex effect of a falling USD, rising NZD and rising $US Gold price (USPOG). This is NOT price action, this is a sleeping tonic. Yawn.

Colin Twiggs Trading Diary

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Why You Should Own Dollars Today, Gold Tomorrow

Richard Russell says “The way the world is going, ‘gold will be the last man standing.’ Gold will be wanted because unlike everything else, gold cannot go bankrupt. Gold has no debt against it, gold is not the product of some nation’s central bank. Gold is pure intrinsic wealth. It needs no nation to guarantee [...]

The Gold Market’s Tech Cues

Brad Zigler writes “Fundamental analysis uses economic, political and environmental data to forecast future price movements, while technically derived predictions rely upon price patterns and changes in market volume. Commodity traders often use “the technicals” as well as fundamentals when making market decisions.” Check out the rest of his article here

The Next Major Financial Crisis

From Seeking Alpha “Warren Buffett doesn’t see the “green shoots” Ben Bernanke and other bullish investors have spoken of in recent months. In fact, the billionaire investor believes the economic picture will grow darker before things improve. “Everything I see about the economy is that we have had no bounce,” Buffett told” click here for [...]

Welcome to BAA_BAA’s Gold & Precious Metals

Free newletter; Elliottwave.com

Try this free email newsletter, if you like it join Club EWI or subscribe to one of their many excellent publications. I find it and their subscription services to be a very useful to balance the perma bulls views that proliferate on the internet. You don’t have to believe it per se, but you’d be [...]

One good reason for selling 400+ tonnes of Gold

Fancy that, I was browsing around and found Mish, and he has this article he wrote. Of the three reason given, I think 3) is compelling because it is about a buyer of the IMF’s gold … you guessed it, Mish thinks China too. Nice one Mish. http://globaleconomicanalysis.blogspot.com/2009/06/us-approves-imf-gold-sales-what-does-it.html