FWIW, I had been expecting it to fall (continue falling), bearing in mind recent stock market falls, but the SM seems to have stablised, plus a lot of correlations seem to have broken down, at least temporarily.
But I'm trading like a lemon these days, so don't take any notice of what I say :)
@Said: OK, using those dates I see more or less the same numbers as you now. Having said that, choice of dates seems a little arbitrary, and that's always the problem with trendlines. But thanks, and it's certainly heading in the direction you indicate.
@Qiman: Can't remember where I saw it, but somewhere I read that the _price_ of GS stock (rather than their predictions) could sometimes be a leading indicator for where the stock market as a whole is headed. I pass this on for what it may be worth. (I haven't verified it for myself).
I'm waiting to see if there are any more attempts at ~1260-1265 before this expected correction. We can't rule out a jump even higher, I would have thought. I was interested to see a gold-bullish article in the mainstream Guardian newspaper today: http://www.guardian.co.uk/business/2010/jun/28/gold-new-high-double-dip-recession
If that isn't a warning to get short, I don't know what is :-)
To be honest I think we have to get ready for it to go either way, and fast.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
But I'm trading like a lemon these days, so don't take any notice of what I say :)
Having said that, choice of dates seems a little arbitrary, and that's always the problem with trendlines.
But thanks, and it's certainly heading in the direction you indicate.
I think I see what you are getting at, but I can't make it come out with those numbers.
"Interesting" day today.
We can't rule out a jump even higher, I would have thought. I was interested to see a gold-bullish article in the mainstream Guardian newspaper today:
http://www.guardian.co.uk/business/2010/jun/28/gold-new-high-double-dip-recession
If that isn't a warning to get short, I don't know what is :-)
To be honest I think we have to get ready for it to go either way, and fast.