Posts Tagged ‘Gold’

From: www.money-tigers.com

GOLDEN THUNDER:

Rumblings in the Gold Market

“When you start to hear thunder, it doesn’t mean that the storm is over. It’s only getting started!” - George

Price drops in the past few days have got the media tongues wagging again. They just love to hate GOLD.

It’s against their youthful training at the hands of die-hard Keynesians. They learned their ‘scripts and lines’, they graduated and are now working for the system that trained them and, are expected to play their parts regardless of the true reality of Economics.

In fact, just yesterday it was reported that the FED doesn’t want bloggers to comment on economics at all. They want that left to professionals, like themselves.

And, so, another priesthood has established itself as the arbiter of Truth. These are the same guys who are responsible for the Global Financial Meltdown which is still far from over.

What with the FED wanting to limit the freedom of speech (all except their own, of course!) and the head of Goldman Sachs saying that he’s doing ‘God’s Work”, you can see that we have some pretty demented thinkers and thinking running things at the top.

And, don’t even get into the political ‘leadership’ vacuum we’re experiencing!

Here’s the facts versus ‘bedtime story’ about GOLD:

The strongest economies desire it and are building up their supplies of GOLD:

The above chart shows that Russia is focused on gathering Gold. China has and is doing the same thing as has India.

For big buyers like these, drops in price are just convenient ways of buying still more Gold and at cheaper prices.

This is the hunting pattern of the Money Tigers of the markets. Stampede the public by selling to them in quantities large enough to make the public panic and then, stepping in to buy again in even more massive quantities.

Let’s take a unique look at the Gold market from the perspective of our Excalibur analysis with a special visual display of what’s happening in the GOLD market right now.

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Think about it a bit for yourself.  Just who does the media (who’s trying to get people to sell their gold) represent?

FACT: The countries which are strongest economically are BUYING GOLD.

FACT: One of the largest hedge fund managers is BUYING massive holdings of GOLD for his very wealthy clients.

So, who’s selling? The Money Tigers clearly want the public to let loose of some of it’s Gold so they can buy it up and take it off the market at fire sale prices.

I, for one, don’t believe the hype at all. That’s why I think Silver and Gold are excellent protective devices for our upcoming economic times. - George

Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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The month of December close to the Holidays is traditionally a time when specialists and floor traders and other major investors take some time off from the markets.

Of course, that doesn’t mean that there aren’t some interesting clues they’re leaving behind on the charts.

There are some intriguing changes in a few markets that I’ll be covering in the days ahead as I assemble a glance at the year ahead (or the next month or so to start).

One I’d like to leave you with today to ponder is the case of the seemingly perpetually bullish Australian Dollar.

Something significant is happening with the Australian Dollar.

A trend and market strategy of generating a ROI of over 3% per month in the cash Australian Dollar has just ended and shifted gears.

This may not be a short-term interruption either.

The second chart on the left shows how strong this change is.

The chart to the left is a weekly chart and also shows signs of weakening prices for the Australian Dollar.

The fundamentals we’ll never really know, but, there has been some talk in some circles of (hard to believe) a shortage of US Dollars in overseas economies causing upward valuation in the US Dollar and weakening non-US currencies at the same time.

The same thing is happening in the British Pound, the Swiss Franc and the Euro among others.

The Euro has really led the parade downward as the chart below testifies:

The non-US currencies are weakening as a group with the Euro leading and now, with the Australian Dollar (one of the strongest throughout this financial crisis) starting to slide too.

Inflation in commodity prices unfortunately continues with the exception of Gasoline and Crude Oil.

Gold, of course, recently has pulled back too, but, the inflationary pressure of the many other commodities has not been offset as yet.

We’ll continue to track the inflationary index and watch these new trends in currencies.

Have an enjoyable weekend. – George

Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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The white circle on the chart left shows where selling overwhelmed buying in the gold market this evening.

Expect the gold lows of today to be tested shortly and probably taken out in the overnight markets.

The next chart in our series shows the longer-term strategy for the money tigers in my opinion and that line of support for gold prices has still not been taken out.

That is the trend over the last 6 months and is a stronger support level than any of the little ones we’ve been experiencing intraday this last week.

USD $1100/oz. is the number to be watching this week.

If gold prices breach that price support barrier, then, we’re looking at the USD $1000/oz. point as the next stopping point.

There’s no real news driving this market.

Just the usual rumors that are given the blame for this manipulative sell-offs by the big money interests.

That, of course, doesn’t mean that ‘smart money’ isn’t flowing into some other markets at the same time profits are being taken out of Gold.

Ah, yes. Nothing like storing your newly minted profits from the Gold run-up in a currency that’s rising in value or even in certain stock markets for that matter.

We’ll look at the currencies tomorrow to see what’s hot there.

Until then, good evening from here. – George

Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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This was an exciting day in the Gold markets, no doubt about it!

Of course, with all the recent hype in the media (expounding Gold’s great value in these crazy economic times) helped a lot of late-comers to the gold markets to get in late in this cycle. They took a hit in today’s continued drop in the price of gold.

If that describes you, don’t despair. This market is well-known for taking roller-coaster drops in price while still holding to the overall rising price trend.

We are currently seeing prices approach our ‘Money Tigers’ line (the white arrowed down trending line on the chart).

There will be Selling taking place all along here in an attempt to keep Gold  prices below this line.

But, now that we’ve hit some support (as we predicted in our Dec. 5th post) at the USD $1125/oz. price area ($1100-$1125 is our gold price support zone), we won’t be surprised to see prices go right through the line to the upside again.

It may not happen on this next upswing, but, this price line will be tested as it slopes downward. It may be on the overnight.

Gold, which was a good buy over $150 higher, is an even better buy here and there are Nations and Institutions who need to buy more of it to insulate themselves from the next phase of the money madness brought about by the banks and FED.

All the best – George

P.S.:

A reminder: These posts are for educational purposes only concerning my own private methods of analysis and are not recommendations or advice to buy or sell  or to really do anything except to observe, along with me the rhythm of the big money tiger traders and institutions working at what they do best – swinging and manipulating market prices.

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Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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