The 800lb gorilla continues to wreck havoc on the trading floor. Early and late morning "displays" (price attacks) reflect him pounding his chest to maximize fear.
Yet despite these impressive displays, signs of fatigue have emerged. The 13ema WA has fallen below 20% (chart 1). This indicates downside concentration. Also, the window of opportunity (TIME) for the B-wave consolidation is beginning to close. ...
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Tracking all things that relate to and affect the price of gold.
Curated by
Hal
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Scooped by Hal onto Gold and What Moves it. |
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Lawmakers in Virginia say they want to keep their options open in case the value of the U.S. dollar ever collapses --- so they're considering minting state coinage.
Hal's insight:
Bring it on. Even Amazon is doing it. hahahaha. hat tip to www.drudgereport.com Delete the scoop?
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This was pretty much my thought this morning when i fired up ExactPrice [ http://www.learcapital.com/exactprice ] and saw gold's graph for this morning and that fairly regular morning attack.
Click through for the chart that Eric posted and the rest of his thoughts.