Gold, Oil & Indices (Equity & Bond Indices)

damn, given back £25 gold. TY Mr Ben for hawkish comments. Crazy ideas that QE will end this year, mkts over reacting, QE will be permanent feature in our futures.

George, for CL the 7th Nov low made the 70.7% ret level for the swing up from June low to Sept high. From that low it might have completed a 1 up and 2 down with 3 up in progress. It's also now above its 200 DMA so I am bullish unless it falls back below c.91.50. (current 93.50)

For gold (GC) it made $5 shy of 61.8% corrective ret for the same pattern as crude. Looks like clean ABC down from the 1798 high with the 100% symmetry coinciding with the 61.8% level at c.1630. That low made was also a failed break of the trend support line drawn from the 16th May low. Gold also is now back above its 200 DMA so I am bullish unless 1652 were taken out (current 1693)

I feel ready for a bout of irrational exuberance :-)

yes he has the right attitude about being a basic insurance for worst case scenario

in this world, nothing is real, so does gold. if people believe gold is inflation hedge, then it is. as long as world dont have single currency, gold just work as proxy. euro is the first step, we are going to the single currency world.

in addition, manipulator dont need to sell real gold to asia, and at least the amount china gold import can be tracked.

that's not true.