CL Redux

[ammo]

1805 is tiny support,cleave having stronger magnet status is likely first for sugar,week high is 60 for that 57 ledge as res

 

[riskaddict]

holy shit the ultimate trader porn moment on cnbc! Ichan vs ackman

 

[Visaria]

Quote from riskaddict:

For those of you looking to mix things up sugar is forming a nice two day bull flag. If it breaks out this afternoon and stays there it plays nicely into the larger time frames and should see 1865 pretty quick.

I would rather short this (not that i am going to), trend is down for sure.

edit : My time frame is probably longer than what you are looking at.

 

[britefire]

As of today, Jan 25th 2013,
the gold price is currently falling.
So, it is good to remember
the long term future price movement of gold
may be forecast.

--The gold price correlates with the US National Debt.

http://britefire.wordpress.com/2013/01/25/418/national-debt-vs-gold-price-1/

And the Fed plans to continue to print:

Dec 13, 2012
"The Federal Reserve officially announced QE4+2 yesterday.
The FOMC statement said it would consider raising the federal funds rate above 0%-0.25%
if the unemployment rate fell to 6.5% or the inflation rate hit 2.5%."

and *must* continue to print.
http://britefire.wordpress.com/2012/07/02/313/

Jan 24, 2013
"The Federal Reserve pushed its balance sheet beyond $3 trillion
for the first time this week
while undertaking open-ended purchases
of Treasuries and mortgage-backed securities"

http://britefire.wordpress.com/2013/01/25/418/fed-balance-sht-2/

and major international Central Banks
will continue to spend

http://britefire.wordpress.com/2013/01/25/418/central-bank-balance-sheets-3/


--The gold price correlates with the Debt Limit.

http://britefire.wordpress.com/2013/01/25/418/debt-limit-vs-gold-price-4-2/

"The Treasury Department’s own projections
have US debt at $23 trillion by 2015
a 64 percent increase to the current debt limit.
As the Fed continues to print
the Monetary Base increases."

--The gold price also correlates with the Monetary Base.

http://britefire.wordpress.com/2013/01/25/418/mzm-money-stock-vs-gold-price-5/

And, the Monetary Base is increasing.

http://britefire.wordpress.com/2013/01/25/418/mzm-money-stock-6/


Trend Channel

http://britefire.wordpress.com/2013/01/25/418/gold-trend-channel-logscale-7/

 

[EON Kid]

Quote from riskaddict:

they are throwing us a bone, play the break up or down.

In a wedge

 

[EON Kid]

Quote from EON Kid:

In a wedge

false upside break out, look out below

 

[riskaddict]

Quote from EON Kid:

In a wedge

I watching the same thing only hourly. its broken both ways now. Seems like it would be healthy for bulls to let it go to 94 to attract some fresh longs.

 

[TheMagican]

I think gonna be spike up now

 

[riskaddict]

I'm going to laugh my ass off if we close at 96. Fool me once, ok fool me twice I quit. Which mean the 3rd one will be the real deal.

The god damn es ain't helping matters.

 

[TheMagican]

Quote from riskaddict:

I'm going to laugh my ass off if we close at 96. Fool me once, ok fool me twice I quit. Which mean the 3rd one will be the real deal.

The god damn es ain't helping matters.

as off would be at 96,6