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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
#Oil on the mva 200 next support at 50$.
#Brent near mva200 and monthly support 57.80$.
BUY the dip Long Term + long put. #brentcrude $usd
As you can see on the chart, there are 3 consequent patterns have been formed. The capital ABCD are Butterfly and Deep Crab patterns which is expected to see a demand rise up by having its time fulfilled around $1239-$1248.
that is why i choose not to use deflation. we can see inflation in US, just not in EU yet.
currency always backed by power, i doubt internet have more power than US navy carriers.
Yes agree gold lacks inflation and probably more truly reflects deflation. "Dis-inflation" is a lib dem kinda word not in my dictionary.
as long as dis-inflation exist, gold bull wont back.
ps the "bot" buy 3-4 bitcoin every few min.
http://www.cityindex.co.uk/market-analysis/market-news/29792622014/gdp-golds-disinflationary-plunge/?cid=0000215115
I have a long standing 5=1 target at 1074 and a higher probability tech target at 1045 cluster of confluence support. Current 1253
"2.51" is a big level