GLD (Paper) will go Lower - Week & Day Chart
COINB0Y
Posts: 4,505
Soon, Boys, Soon!
The de-hedging and forced liquidation is almost over!
Let it come to you with this retrace and then **BLAM**off to the Races, with power and in force! Buy hand over fist, both 'paper' and the physical!
The Fiat Money Supply has just exploded and as soon as the Libor rates ease, Fiat will be back to 'sloshing' around and making inflation shoot up even higher.
All due to the massive Fiat injections made into the Banking systems accoss the Globe!
Weekly Chart:
Daily Chart:
We need to see RSI lower, under 30 and that gap to fill, first.
The de-hedging and forced liquidation is almost over!
Let it come to you with this retrace and then **BLAM**off to the Races, with power and in force! Buy hand over fist, both 'paper' and the physical!
The Fiat Money Supply has just exploded and as soon as the Libor rates ease, Fiat will be back to 'sloshing' around and making inflation shoot up even higher.
All due to the massive Fiat injections made into the Banking systems accoss the Globe!
Weekly Chart:
Daily Chart:
We need to see RSI lower, under 30 and that gap to fill, first.
0
Comments
$790 is a good spot to get in. It will likely test this level several times. Good spot to get in before a $210 ride!
This is not a Gold Deliverable Futures chart!! , nor is it intended to be one.
I look at it this way, many Sellers on EBay gage the BIN sell price based on the price of GLD, Kitco's Futures Chart and/or a combination of such.
For example, I bought an NGC Graded 1/2 ounce Eagle Coin this morning on EBay with a 30% MSN rebate at around the time GLD hit $77.22. The guy had just listed it and I got lucky and I managed to get for the equivalent price of $700/ounce.
Still, I think Gold goes a bit lower based on my Charting, so I just share it here.
Charting works for me and is rarely wrong, especially with the metals. I time my buys and sells based on my Charts.