An argument for sideways gold. What do you think?

NumbersUsacom

Text

Titled "Dangerous Times Ahead" February 5th, at GoldScents.Blogspot.com

It is a good article, but I can not get the link to work, sorry.

jmski52

link

NumbersUsacom

Thank You Jmski52

jmski52

I think this guy is mainly a technical chart guy. I didn't see any mention of interest rates or QE, which tells me that he interprets the technicals as being totally representative of what money is doing at the moment, with not alot of regard for what the Fed is doing, or what companies are doing in response to Fed policy.

I think he is guessing. Then again, so am I - but I base my guesses upon different criteria than he does.

Timbuk3

Thanks for sharing !!!

cohodk

Sounds plausible to me.

NumbersUsacom

<< <i>I think this guy is mainly a technical chart guy. I didn't see any mention of interest rates or QE, which tells me that he interprets the technicals as being totally representative of what money is doing at the moment, with not alot of regard for what the Fed is doing, or what companies are doing in response to Fed policy.

I think he is guessing. Then again, so am I - but I base my guesses upon different criteria than he does. >>



He does seem to put HEAVY emphasis on the expected validation of his 3 year dollar cycle. My experience has taught me, to not bias myself
with one technical or fundamental aspect, but like you are saying include most all. If that 3 year cycle does not completely materialize, his prognostication
will most likely falter.

roadrunner

The author has changed his mind so many times in the past year on the dollar cycle and gold/stock markets that I'm dizzy trying to keep up.
It's ok to change your views when you're proven wrong, but since November this guy has called for a crash in gold to sub-$1500, then a new all time high,
then another crash, and now a sideways movement! It's impossible to keep up with all the changes. Let's just say he's no more credible now than any other
preacher out there. And there are a lot of them changing their tunes a couple of times per month. The author uses some good charting and TA tools that I've
borrowed at times. But I no longer give him the creedence I use to.

Just in the past few weeks he changed his mind that the dollar could be ready for a short cycle top after only 7-8 months and then head back down. Now he's discarded
that thought and is back to supporting a normal 3 yr cycle. Consider each idea on its own merits. But realize he will probably change his mind again in the near
future. It sells subscriptions which is really the bottom line.

roadrunner