Cobra's Market View

Cobra do you agreed of these be an Broadening Top ?

Wallstreetrader wrote:Cobra do you agreed of these be an Broadening Top ?

50% chances. It could also be Ascending Triangle. Also Broadening Top doesn't necessarily mean top, the breakout can be on either side, each has 50% chances.

Thanks

Smallish panda in the house

russell

Cobra wrote:

skittlesmds wrote:Legitimate question: Does anyone know any major economic power that wants their currency value to go up?

so I agree, gold will be up in the long run. but the question is: you buy paper gold such as GLD or your buy physical gold?

physical gold? what's worth of the effort?

loveleo wrote:

Cobra wrote:

skittlesmds wrote:Legitimate question: Does anyone know any major economic power that wants their currency value to go up?

so I agree, gold will be up in the long run. but the question is: you buy paper gold such as GLD or your buy physical gold?

physical gold? what's worth of the effort?

GLD may not have enough physical gold back it up, so maybe one day GLD would collapse. Just maybe.

In case of world chaos, physical gold can be used to buy necessities.

Also if you have lots of physical gold in you vault, you can watch them everyday and feel good.

Japan’s Nikkei 225 closes down 2.56%
Written by Pete Jackson
January 16, 2013 at 06:04 GMT
Oops… that ‘s at 10,600.44
TOPIX closed down 2% at 888.11

Yen finally strengthens after 30 day runup by Japan Central bank

$XIV looking to short in the 19.78 range and $UVXY looking for long position avg from 13.80 to 13.90