I think that WD Gann was also off the 1929 crash by 2 years...nevertheless, he took 5 Mil out of the market, when a Mil was extremely rich. Elliott Wave agrees with this prognosis...as do I.
Is that April 1st or January 4th? Your date delimiters follow European convention, so I can't be sure.
We'll see what happens when Gold gets towards 200 average, but that's what I see as a possibility. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1939003>
surf.... after last 3 days of downward trends i am sitting about 98K in the hole, not a happy camper. any chance of a rebound or should i sell.....i dont see the logic as to why gold is being so volitile at this moment...you dont usually see swings like this.
bottom line is central banks have a bottomless pit of money to trade against gold longs.. where's the congressional committee to investigate that? dont hold your breath http://www.lewrockwell.com/north/north630.html
Ah yes, the supposed evil cartel. How about a strengthening dollar is causing folks to bail out of longs? I know it did that to me.