Australian Dollar shifting gears
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
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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Evening Update: Testing The Lows in Gold
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
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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Evening Update on Today’s Gold Prices
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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Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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Gold Prices Still Sliding
Good Morning all.
Wanted to send a quick update on the Gold Price slide we saw last week.
Prices continued to slide downward a bit more this morning into the $1140 area.
The trend is stepping down in price.
I’m watching short-term for gold prices to have to rally above $1152/oz. before breaking this present downswing. I’ve included a 3-day 24-hour chart from Kitco to show the points I’m talking about in this post.
There have been two price points for Gold that would have fit our ‘Line Tamer’ approach to line charts since Dec. 4th. I’ve pointed them out in the chart.
Once again, watch the USD $1152/oz. price for Gold on the upside as an indication of resuming strength.
Any drop below USD $1132/oz I’d look at as further confirmation of weakness in Gold pricing.
All the best - George
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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Markets Are Moving – And, So Am I
This is just a short posting to let you know that I’m relocating to the Pacific NorthWest over the next week or so and, what with the chaos that comes with moving, I’ll be a little delayed in posting any new findings to the site during that time.
Here’s my update after a quick assessment before my move:[Content protected for members only]
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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Forget the Deflation Mantra . . . For Now
Hello my friends.
It’s taken many weeks and months, but, I’ve finally had enough of the “Inflation vs. Deflation” arguments by the ‘experts’ and talking heads out there in media land. And, not just them. I’m sitting here with the latest flyer to hit my mailbox expounding on the imminent dangers of DEFLATION running amok and creating the next Great Depression.
This clever brochure has the same characteristics as most presentations on the inflation/deflation theme. Everything is backed up by charts and statistics. You could easily read or listen to either argument and agree by the end that each was correct in their assumption.
Where does that leave you but confused and a market schizophrenic. A bad state to be in when considering one’s portfolio or how to manage one’s nest egg unemotionally.
So, let’s draw back and dip our toes back into REALITY, shall we?
Can we agree as a starting point that what has NOT happened, doesn’t need to be worried about?
We can? Good. Now, we can get somewhere!
Here’s the bottom line of my observations (using my own unconventional tools):
[details, charts and those tools are only available to private members of the Money Tigers Group. Membership is FREE.]
(JOIN TODAY!). [Content protected for members only]
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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