All the news and excitement the last week is about Gold and the US Dollar.

Precisely why one should be careful. We’ll discuss the Dollar in the next blog, but, we’ll examine Gold in this one along with our chart.

For those who are not members and who are reading this part of our blog right now, the Money Tigers Group is about tracking the big money in the markets. We try to locate their buying and selling price areas and reveal the traps they set for average investors.

Sadly, today’s price in Gold seems to be another one of those ‘price traps’ that the big money loves to set up against the little guys in the markets. Our present indicators show that the $1060 price area is a gold inventory unloading zone for those big money interests that have picked up Gold at much lower levels.

Another indication, of course, is the public media coverage of the subject. Now, suddenly, Gold is no longer a ‘barbaric metal’, but, an ‘investment vehicle’. A wealth stabilizer would be a more apt term, what with the dollars rapid declining value.

When we speak of Gold at a selling area, please don’t assume that we mean that the up trend is over. Not at all. The up trend is solidly in place. The sell-0ff that we expect now is merely to discount down the price of Gold to a level where it will be picked up again in ever larger quantities.

Now, we must move to the all revealing chart of the Gold market and the place where we must bid goodbye to our non-members. (there’s lots of benefits, free information and you can join for free by filling out the form at the bottom of this page). [Content protected for members only]

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Tags: WD Gann, stock market prediction, gold traders
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