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Breaking news in Australia as the Prime Minister falls on the super tax sword. PM Rudd is going to fight this leadership challenge however this is still a great moment for Australia. The people have already voted forcing the government to shift to a new leader tomorrow. The mining industry in Africa and Canada, Brazil … Continue reading
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This essay is based on the Premium Update posted on June 18th, 2010 In our previous essay we have mentioned that it does not seem that the ultimate top for this gold rally is behind us. Consequently, this week we would like to provide more information on what may influence various segments of the precious … Continue reading
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By Jack Chan at www.simplyprofits.org 06/19/2010 GLD – on buy signal. SLV – on buy signal. GDX – on buy signal. XGD.TO – on buy signal. Summary Long term – on major buy signal. Short term – on buy signals. We continue to hold our core positions, and adding to positions. Disclosure We do not … Continue reading
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This essay is based on the Premium Update posted on June 18th, 2010 Back in early 2000, during the euphoria of what later became known as the Dot.Com Bubble, one well-known professional investor stuck his neck out and predicted the bursting of that bubble. Jeremy Grantham was a bit early and was willing to give … Continue reading
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The True Strength Index is a low lag-time momentum indicator that can be used at www.FreeStockCharts.com. Generally, it is bullish when the indicator is above ZERO and bearish when it is below ZERO. As the indicator is very sensitive and responsive to movements of price, it can be effectively interpreted for buy and sell decisions. … Continue reading
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By Sean E. Blair Hello All, GOLD – Below the market there are some lows on the Weekly Bar Chart that are rather close together. The arrows point to the lows of the bars where the Sell Stops are.Although it is difficult to predict exactly when these lows will be taken out, I would suggest … Continue reading
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Analysis Using the True Strength Index Indicator
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By Jack Chan at www.simplyprofits.org 06/12/2010 GLD – on buy signal. SLV – on sell signal. GDX – buy signal this week. XGD.TO – on sell signal. Summary Long term – on major buy signal. Short term – on mixed signals. We continue to hold our core positions, and adding to positions upon new set … Continue reading
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This essay is based on the Premium Update posted on June 11st, 2010 In our previous essay we have emphasized the importance of the analysis of the Euro Index, while evaluating recent performance of gold. We have also featured a gold chart that included a resistance level which gold has just approached. Since that was … Continue reading
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The August Gold is leaving little “technical” gaps all over the place. Classical technical analysis suggests that gaps on a chart will be filled. (It doesn’t specify when though.) I will not worry about the gap on the downside being filled and instead, focus on the upside. Should the Gold attempt another high, I will … Continue reading
