thoughts comments? no chartist but a bull flag above the 915 level? sorry im an idiot and i cant post charts but any input thoughts??
It appears to be a "wedge" that was traced out during the past few weeks. $999.90/ounce may be a good place to sell out "longs" and initiate short-sales. That way, you can draw a "line in the sand" before the market can trade at $1000/ounce. We'll see.
JC's charts have some stuff resolving various flags to the upside........ some more hideous bank news must be near.... foreign banks must be furiously supporting the dollar and gold/sil/plat/pall are signaling that it wont work ..an opinion of course http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404
You have nailed it Daddy. Im also of the opinion that some strong invisible hand is vigoruosly supporting the dollar. Agressive rate cuts and then dollar rallies its amazing. I wonder when and if they will give up propping it up. Remember also the asian banks/cartels hold the largest dollar reserevs would not want to see their welath evaporate so its a formidable opponent, but some one will soon be shaken out, the dollar range is as small as it will get. - look out
1 MM oz for sale but might be soaked up without too much damage.... http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=62d86c6c-030f-438a-b649-07fbc877cc90