Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
It seems your Nov 29th post is so far looking good - Euro to fall on QE. Assuming that implies stronger USD does that also imply falling gold? Or would gold benefit from QE?
manybthanks, John
What effects will an ECB cut have on gold and silver?
Many thanks, John
Do you see a stronger Chinese yuan sooner than expected - as a preferred policy move to interest rate hikes, reserve adjustments etc viz inflation? If so, what effect do you think it would have on precious metals?
Many thanks,
John
In view of your yesterday's post regarding the immediate nagatives for gold how does that affect your recent time frame for its upside prospects (ie. your Nov 16th suggestion of Q1 2011 timeframe for gold to hit $1550)?
With continuing admiration, John
I've just seen your today's very strong video re AUD/USD, S & P double-top, EUR/USD etc. You have also posted previously that you see more likelihood of Gold going downside than upside. Is this still your position despite today's rise which James asrcibes to gold's safe haven status?
Many thanks, John
John
Do you see the falls in commodities and precious metals as harbingers of a crash on the cards eg.if China hikes? The resistance reactions on gold, for instance,were lacklustre late Friday. If so, will gold go down the way of everything else as previously? Or is it in a new paradigm as an alternative hard currency?
Many thanks,
John
My query re your Oct 10 post prompted also by your post of Aug 18 thus:
'As long as markets expect the Fed to engage in a new round of asset purchases later this year, chances of operational (not verbal) FX intervention from Japan are minimal'
John
Many thanks,
John