The problem with gold is that from time-to-time it trades like a commodity and then trades like a safe-haven currency
18-months ago safe-havens were the big U.S. multi-nationals - this pushed the DOW to all time highs
6-months ago safe-havens were the U.S. and Canadian T-Bonds
Now gold is the latest safe-haven and our chart below illustrates the transition of gold from a commodity to a currency
On August 29, 2008 our relative analysis study Binary_RA6 has flashed an "own gold" signal
Bill Carrigan
18-months ago safe-havens were the big U.S. multi-nationals - this pushed the DOW to all time highs
6-months ago safe-havens were the U.S. and Canadian T-Bonds
Now gold is the latest safe-haven and our chart below illustrates the transition of gold from a commodity to a currency
On August 29, 2008 our relative analysis study Binary_RA6 has flashed an "own gold" signal
Bill Carrigan
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4 comments:
So your 9600 DOW target is now broken, what is the next target :-)
now that your target is easily broken, are you bearish?
But save haven currency becomes an issue when there is a crisis. According to you there is no crisis. Remember? You asked many times "Crisis? What Crisis?"
Are you using other indicators to confirm your buy/sell signals for Gold? ie: volatility index, USD, euro, commodity (silver, copper, oil) prices?
The market is a big mess right now and your call is a bullseye...that gold does not know what to be right now.
gold stocks bull's eye, myabe a blind bull. Among the best shorts today: AEM!
This guy has repetedly said "Crisis? what crisis?"
his rationale? some busted homebuilder took its time making a new low.
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