Discussion in 'Commodity Futures' started by plan, Sep 3, 2009.
Anyone know why gold breaking the fuck out last two days?
Possibility of the printing press working for the next decade printing trillions of MONOPOLY dollars to keep the economy propped up and the slight possibility of a collapsing dollar.
Look at the daily chart. It looks like a technical move. Ascending triangle.
Here is my post for Gold Chart with potential breakout and Price/Time Cycle Targets.
There is a seasonality to the gold bugs index $HUI
It usually ralleys sometime in September and usually lasts for 2 or 3 weeks or more.
first answer I've liked, thanks.
Re inflation -- nothing new, no reason for it to do so now than say a month ago.
Maybe flight to safety but I didn't see much rotation into anything else.
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