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Silver and Gold Rally, But Still Aren’t in the “Mainstream”
When I came in and turned on the currency screens, this morning, I saw that the Aussie dollar (AUD) has fallen about 1-cent overnight.
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When I came in and turned on the currency screens, this morning, I saw that the Aussie dollar (AUD) has fallen about 1-cent overnight.
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Those in the U.S. power structure know what the plan is should the U.S. dollar fail.
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It was another extremely volatile week sharp rallies followed by sharp sell offs. Fear is in no doubt controlling the market. The bulls and bears continue to battle it out. The charts below cover some important trends and market internals I pay attention to on a daily basis. US Dollar Index – Daily Chart The … Continue reading
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It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold. Gold Futures – 4 Hour Candle Stick Chart The price of Gold is testing a … Continue reading
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This essay is based on the Premium Update posted on May 7th, 2010 During the previous weeks much has been said about the declining Euro and what effect it may have on the price of gold – we argued that declining Euro doesn’t mean that gold has to decline. We don’t want to get into … Continue reading