Gcj8

Quote from Rtrader2525:

thoughts comments? no chartist but a bull flag above the 915 level? sorry im an idiot and i cant post charts but any input thoughts??
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Not sure what a bull flag is but thats an area of demand. Im not in the trade though. Good luck:)
 

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It appears to be a "wedge" that was traced out during the past few weeks. $999.90/ounce may be a good place to sell out "longs" and initiate short-sales. That way, you can draw a "line in the sand" before the market can trade at $1000/ounce. We'll see.
 
Quote from daddyeaux:

JC's charts have some stuff resolving various flags to the upside........

some more hideous bank news must be near....

foreign banks must be furiously supporting the dollar and gold/sil/plat/pall are signaling that it wont work ..an opinion of course

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404
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You have nailed it Daddy. Im also of the opinion that some strong invisible hand is vigoruosly supporting the dollar. Agressive rate cuts and then dollar rallies its amazing. I wonder when and if they will give up propping it up.

Remember also the asian banks/cartels hold the largest dollar reserevs would not want to see their welath evaporate so its a formidable opponent, but some one will soon be shaken out, the dollar range is as small as it will get. - look out:cool:
 

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