bears need do more. a simple consolidation is good for bulls not bears.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
MrMiyagi wrote:I think the central bankers accomplished their intent to break gold's back. I don't know what purpose it serves them, but they did.
Oh, you know Mr Miyagi, instead of collaborating with China on a mutually beneficial currency/trade tack, Uncle Sam feels the need to get belittling. http://en.wikipedia.org/wiki/Gold_reserve
‘the petrodollar is our currency and our problem’....Gappy
flrtrader wrote:They Announced two days ago Cyprus would be selling gold to conform with EU regulations Thats what brought this on. Gold will scream up next week
It's not Cyprus. It's global slowdown. Oil, Copper, Silver and Gold are all down.
possible 3 push up. bulls need do more to avoid this. wait.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
"It's not Cyprus. It's global slowdown. Oil, Copper, Silver and Gold are all down."
Out of Bounds
If this was the case then you would see large cap. global blue chips in the US way down. US dollar is up which is bad for large international companies and slow down in global econoomy. Which is not what were seeing this is typical sending the sheeple to have there heads cut off this summer. Unless we get an increase in QE? I heard an even funnier thing on CNBC today. Deflation is here!! SPY up 26% in one year and real estates up 13% in one year and were getting deflation. Do people purchase houses or stock? Is this Inflation?