Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Thank you for putting up that Stock holm performance!. Great patterns in big picture overview, very edifying
I respect very much what you do, but your Premium service, I understand it, is for intraday speculators, which just isn't my cup of tea. I try to follow major, fundamentally driven moves.
In your view, will the corrective moves be multiple and shallow, or 1.29 is the level for a major correction to start? Thanks
Is there anyone on this site, still possibly involved with the real economy who could attest to that? Are things close to that in Germany, given that export orders are contracting now?
Just interested to learn your view why there have been no dissenters, and why "extended period" has been retained while "inflation" mentioned 11 times?
Could it just be like back in the end of 2009 when he said he had envisioned 1.57 by the end of that year, only to witness a grand reversal at 1.51?
After all, German Ifo and PMI look like rolled over the hill, the last PPI m-o-m was almost flat, and the so hot german GDP growth in the 1st quarter is projected a meager 0,8 per cent, which is what ... twice as low as in the US?
Technically the Fed should start hiking as soon as the core CPI is close or over 1.6% (it is 1.2% in the US vs 1.3% in Europe now). This is so because by the time the Fed has raised to 1 per cent, the core may well have swung over the 2 per cent threshold. And the core is on the rise (just look at the prices received in the Fed's local reports)
And Ben Bernanke is NOT Alan Greenspan. The treasury bubble is to burst.
Everywhere we look, the charts are parabolic. Feels like a correction is in the air.
Thoughts on the dollar, anyone?
Raise wages by 15%? After all the previous raises throughout last couple of years?
That would be the perfect recipee for another peak in the Chinese CPI!