Monthly Archives: February 2009

Gold : 12 reason to short gold

By | February 24, 2009

If you’re a self-professed “Goldbug,” feel free to read no further.Or at least spare me your hate mail. Because no matter what I saytoday, I know you’ll cry foul… or something much more colorful. But for those of you with an open mind – especially after my lastthree contrarian predictions proved dead accurate, read on.… Read More »

By | February 23, 2009

The Dow’s long tail and strong volume Friday indicate buying support. Expect a test of the new resistance level at 7500. Respect would confirm the bear trend, while penetration of 7500 would warn of a possible bear trap. Share on: WhatsApp

2 year chart of the Euro/Dollar

By | February 17, 2009

A 2 year chart of the Euro/Dollar is shown on Right Side. Notice how it deteriorated since last August. This morning, it was falling and is now $3 away from its recent low. A break below the $123.27 low would be have a very bad prognosis for Europe, its banking system, and its economy. Share… Read More »

GOLD – THE SHINE GETS BRIGHTER

By | February 17, 2009

The markets are down, which is not so good. Oil prices are down which is good. The rupee vis-s-vis the US dollar is better which is also good. Inflation is down, which is excellent. Economic growth is down, which cannot be helped. But gold is scaling new highs everyday, now that is a real shocker!… Read More »