Discussion in 'Commodity Futures' started by Debaser82, Aug 8, 2011.
Quick poll....to see sentiment.
We might get there by the end of this week if this keeps up.
One more pullback before a big Fall Season run to 2K+
On RSI, daily chart very overbought, weekly chart more overbought than in at least three years, chart gone parabolic, looking for a pullback to mid to low 1700's.
But who knows, could reach 1950 before retreating, will be an ineresting week.
At least 2,000, more likely 4,000.
$2000 was a common target.
With record daily candle sell volume+/,
record yearly distance above 50 dma..... some sold a tad early.
WSJ[paper edition] noted today Mr Paul Tudor Jones did well this month ;
''...large slug of gold related investnments..............................''
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