.....The US Dollar Bottomed At 70.70 On 3-17-08
The US Dollar bottomed/probably entered a Cyclical Bull Market (see second chart at link) at 70.70 on 3-17-08, see http://stockcharts.com/charts/gallery.html?%24usd, the same day that gold probably entered a Wave 2 Cyclical Bear Market, see http://stockcharts.com/charts/gallery.html?%24gold.
Note that the US Dollar has a very large bullish inverse spike at 70.70 on 3-17-08, and, note that gold has (see second chart down at gold link) a very large bearish spike at $1033.90 on 3-17-08.
Gold did a Wave A minor intermediate term downcycle to $846.40 in early May, then did a countertrend Wave B minor intermediate term upcycle to $989.60 in mid July, and, is in a Wave C minor intermediate term downcycle now, in which it should fall to the $700 area.
Because of the great Trade the Cycles market timing system, if you want to know what's really going on, you'll probably/very likely have to read this Blog. Hopefully by now most people have gotten tired of the US bashing garbage spewing sleazebag scam artists masquerading as gold analysts.
Someone needs to tell those clowns that nearly all major world stock markets are down more than the US is. China is down around -60% peak to trough since last October 2007 (the last time I looked), when it entered a Cyclical Bear Market, as did the S & P 500 (on 10-11-07).
Too many gold writers are cowardly, inept and/or corrupt people, which is why they ignore the US Dollar's obvious strength and gold's obvious weakness.
The current economic environment is very deflationary, with crashing home sales/prices, very weak auto sales and weak new/used car prices, very low consumer confidence, very low velocity/circulation of money, which more than offsets the Fed's liquidity/attempts to inflate the US economy, large job losses, etc. The Fed is simply slowing a deflationary tsunami some.
Hopefully you haven't been fooled by a sleazebag con artist masquerading as a REAL gold bug and a REAL trader and a REAL market timer.
.......http://www.JoeFRocks.com/
NEM XAU HUI
Note that the US Dollar has a very large bullish inverse spike at 70.70 on 3-17-08, and, note that gold has (see second chart down at gold link) a very large bearish spike at $1033.90 on 3-17-08.
Gold did a Wave A minor intermediate term downcycle to $846.40 in early May, then did a countertrend Wave B minor intermediate term upcycle to $989.60 in mid July, and, is in a Wave C minor intermediate term downcycle now, in which it should fall to the $700 area.
Because of the great Trade the Cycles market timing system, if you want to know what's really going on, you'll probably/very likely have to read this Blog. Hopefully by now most people have gotten tired of the US bashing garbage spewing sleazebag scam artists masquerading as gold analysts.
Someone needs to tell those clowns that nearly all major world stock markets are down more than the US is. China is down around -60% peak to trough since last October 2007 (the last time I looked), when it entered a Cyclical Bear Market, as did the S & P 500 (on 10-11-07).
Too many gold writers are cowardly, inept and/or corrupt people, which is why they ignore the US Dollar's obvious strength and gold's obvious weakness.
The current economic environment is very deflationary, with crashing home sales/prices, very weak auto sales and weak new/used car prices, very low consumer confidence, very low velocity/circulation of money, which more than offsets the Fed's liquidity/attempts to inflate the US economy, large job losses, etc. The Fed is simply slowing a deflationary tsunami some.
Hopefully you haven't been fooled by a sleazebag con artist masquerading as a REAL gold bug and a REAL trader and a REAL market timer.
.......http://www.JoeFRocks.com/
NEM XAU HUI
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
11:34 AM
0 Comments:
Post a Comment
<< Home