Gold

[plan]

Anyone know why gold breaking the fuck out last two days?

 

[S2007S]

Possibility of the printing press working for the next decade printing trillions of MONOPOLY dollars to keep the economy propped up and the slight possibility of a collapsing dollar.


:eek:

 

[lwlee]

Look at the daily chart. It looks like a technical move. Ascending triangle.

 

[suriNotes]

Here is my post for Gold Chart with potential breakout and Price/Time Cycle Targets.

http://www.elitetrader.com/vb/showt...22&perpage=6&highlight=suri gold&pagenumber=6

Regards,
Suri

 

[tmarket]

Quote from plan:

Anyone know why gold breaking the .... out last two days?

There is a seasonality to the gold bugs index $HUI
http://stockcharts.com/charts/gallery.html?$HUI

It usually ralleys sometime in September and usually lasts for 2 or 3 weeks or more.

 

[plan]

Quote from tmarket:

There is a seasonality to the gold bugs index $HUI
http://stockcharts.com/charts/gallery.html?$HUI

It usually ralleys sometime in September and usually lasts for 2 or 3 weeks or more.

first answer I've liked, thanks.

Re inflation -- nothing new, no reason for it to do so now than say a month ago.

Maybe flight to safety but I didn't see much rotation into anything else.