~~ Gold ~~ symmetrical triangle Formation. We had a few comments by the FED/IMF saying that they are selling. You can find articles on that. Commented on late gold mania. I noted it since 850 - 900; then "SELL" since 1000.
As shown the chart below, Gold has broken out after Katria as fund flowed into metals and commodity. I alerted the breakout showing the chart below, it was Oct-Dec 2005 ~ Jan 2006. That was when I was on the SC public list calling Oct 2005 bottom. That was the beginning of big Gold rally, then it turned into the recent hype. My main focus was on DOW 30, major market timing and big caps though.
Gold is now formed a big sym triangle. With the new 2X gold funds, it is showing "trading" the volatility.
No comments:
Post a Comment