1 reply to this topic

[price-and-volume]

This is looking good for gold.

Dollar is showing some respect and with all the overhead resistance ie, MA 200 and EMA 255, the dollar looks like it will get toasted. However, a break of this trendline and ill re-evaluate my stance.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$usd,uu[e,a]dacayiay[d20011101,20041231][pb200!c255][vc60][iut!lb14][j34252981,y]&r=0696.jpg

Price-and-Volume

[Islander]

So long as TNX declines the dollar falls and gold will rise. The ten year will decline in my opinion so long as equities decline which is due to consumer pull backs in spending, consumers will be reluctant to spend until they have more money. I conclude therefore that Greenspan and his presses are the key to our happiness.