Gold Under Attack
#1
Posted 26 April 2007 - 09:13 AM
#2
Posted 26 April 2007 - 09:22 AM
#3
Posted 26 April 2007 - 10:02 AM
#4
Posted 26 April 2007 - 11:46 AM
#5
Posted 26 April 2007 - 12:24 PM
#6
Posted 26 April 2007 - 01:47 PM
I still think there will be a similarity with 1998 and 1987 this year. It will rhyme. The dollar was in a free fall prior to the 1987 crash, too.
I'm not calling for a crash--more like a mini melt-down that corrects 10-20% over a relatively short time frame. That should allow the Fed to battle off commodities ST. I don't know when or even if. It's just a gut feel I have. I'm still trading off the charts but IMO the risk levels for investors are a lot higher than they think.
Very well-stated, Cirrus. I agree that something about this picture just doesnt "make sense."
My indicators stopped working around SPX 1460, so Im staying out for now.