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1. “We are scary, scary owners of euros,” – John Taylor, lead manager for world’s largest currency fund, Bloomberg News, June 28. The number one Bloomberg heading this morning says, “…Dollar Rally Buckles..”. I mentioned the bankster game of pumping the news with the other side of their trade. Read that sentence again. Unlike the … Continue reading
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1. Gold blasted out of the ascending triangle I highlighted this morning right before the breakout. 2. GOLD ASCENDING TRIANGLE 3. Gold blasted off leaving a crowd of top callers and gold worriers behind. The target of the triangle is 1320. The worst traders I know are pretty much out of gold. 4. The reality … Continue reading
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June 10, 2010 1. Energy. A subscriber sent me a note a couple of days after the oil leak started. Some engineers were saying the only way to close the gulf oil leak might be with a nuclear bomb. We wondered if that was extreme or not…. 2. Now major energy analyst Matt Simmons agrees, … Continue reading
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Graceland Updates 4am-7am www.gracelandupdates.com Email: s2p3t4@sympatico.ca May 27, 2010 1. Those sure that Tuesday’s Dow action marked the bottom, (the “hammer” on the candle charts) were shocked 24hrs later, as the Dow posted a mirror image reversal day to the downside. This morning the Dow is once again surging, stunning the bears. 2. This is … Continue reading
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1. The GPP (Gold Price Parabola) is overshadowed only by the GVP (Gold Volatility Parabola) A HSR band (horizontal support and resistance band) is not a top or bottom turn calling point. A turn might occur there, but that’s of minor importance. The more significant the HSR band is, the greater the amount of supply … Continue reading
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Let’s get right to business. Here’s the gold juniors chart, via the GDXJ. I’ve highlighted the key HSR levels in blue. After hitting my “enhanced selling” HSR $29 area, most of you are back in refill mode now. Click here now to view the enhanced buy zones, current and prospective: GDXJ Daily Chart The one … Continue reading
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1. Nouriel Roubini is back! So are a boatload of other top economists, all horrified as they watch what they term “the tip of the iceberg”. The Euro crisis has deepened into a catastrophic mess, one that has just started. While it all looks hopeless, I want to remind you that the “banksters” continue to … Continue reading
