Gold, Oil & Indices (Equity & Bond Indices)

yap, european already a dead duck. ^^

hence, gold may not have a big enough ret, or precious metal tumble together...

@davo@cat0nip any dip prisecs we can buy gold this week, i mean monday ? thankyou.

Cat, yes I did overlook the impending US holiday weekend for labour day. Agree it could be the explanation for vix. If my read it correct on stocks (SPX etc) we are now seeing the early stages of wave 5 down to a lower low, this would take the form of 5 waves within and once finished we would expect to see a multi day retracement back up to about the 61.8% to 78.6% of the entire move down. Following that the next move down would be very impulsive and will likely trigger much higher gold prices. All subject to confirmation as the structure develops further:-)

Qingyu, I think Ashraf attaches much credence to the gold silver ratio, reverting back to the mean over time, but you are right about gold having overtaken silver for many months and then silver did its parabolic catch-up trick and fell back equally quickly. When silver was lagging badly behind there were many commentators saying that silver was the one to trade but it took some months for them to be eventually proven right ! Now we are into the India silver season I would expect silver to make some further advances, particularly in this present climate of fear.

Silver has much greater industrial application than gold and gold has much greater safe haven quality than silver. It is also traded by the central banks, don't forget that. Early last decade some CB's were selling their gold, uk being a classic example when gold was $250 ! I have always found gold easier to analyse so I am mostly trading gold instead of silver. I never trade them both together. Be careful about always looking for the ultimate tops because they are impossible to predict. Once the world gets into a recognisable deflationary spiral gold will likely crater. The charts will give us plenty of warning to catch a lot of shorts. Meanwhile the charts are still telling us bull mode on gold, not so sure about silver for new highs.

our leader always says gold silver correlation and silver lagged behind, but recently i doubt it.

in precious metal area, no one raise like gold speed, and all of them have industrial purpose. gold now have same price as platinum, once in 2003 platinum around 600-800, at that same time gold around 320-410.

hence, not silver lagged behind gold, but gold raise too fast and other precious metal cant catch up.

i guess eur fall may lead gold gain further, but wouldnt last long. and maybe in another situation, gold fall with eur, humble bear just dunno...