Gary Savage starts off our Monday
Click download link to listen on this device: Download Show
Gary joins us to discuss the gold market and what he thinks is going to happen to the U.S. dollar. We apologize for the poor quality, the connection between us and Gary had some static. We will work on fixing this for the next interview with Rick.
That’s funny, Franky
The first time the USDX traded at today’s level was 21 years ago. Gold was about $340. The second time was 15 years later. Gold was about $680. Gold is now about $1360. See the pattern?
The USDX doesn’t matter to anyone but (possibly) short term traders. If you want to know how the dollar is really doing, watch GOLD.
[…] here Written by Gold […]
$1340 was the critical price level.
Today’s close will be the third consecutive close over this level
Time to start setting your sights on the next key level, $1400
$1340? The April waterfall decline bottomed just above 1350, and that has been established as a key level multiple times since.
So we’re right up against resistance right now, not through it. Gary’s read on it sounds very viable to me. Trader Dan adds valuable perspective:
http://traderdannorcini.blogspot.com/2013/10/gold-closes-out-week-above-50-day.html
I agree. I said on Friday that the low $1350s mattered more than $1340.
Gold Chart Oct 25th Close. Fibonacci, Inverse H&S, Trendlines, Laterals, Support & Resist Levels, Studies… pic.twitter.com/yEuW8smyZu
double head and shoulders and eat bernanke and fed jumping to 2500 u$s/ OZ, LOL
Sad story should concern us more than the pog.http://theeconomiccollapseblog.com/archives/29-incredible-facts-which-prove-that-poverty-in-america-is-absolutely-exploding