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- Dollar Collapse (17)
- General (24)
- Gold (186)
- 06/06/2011: The recovery failed
- 26/05/2011: Silver again
- 13/05/2011: $450 silver and $12,000 gold
- 11/05/2011: Oh well
- 09/05/2011: Some explanations
- 06/05/2011: NFP surprises
- 05/05/2011: Hi ho silver!
- 04/05/2011: Gold hits support and can still hit new high
- 04/05/2011: Is the top in? Maybe not
- 02/05/2011: Margin requirements take down silver
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- August 2008
- May 2008
- April 2008
That was fast
Looks like the markets voted with a big vote of no confidence.
The Euro took a big slide, sending Euro gold almost to a higher high. That could be more support for a new uptrend in gold. Silver is not doing well, because of its commodity-like nature, but dollar gold is holding up ok because of the rally in Euro gold.
Many analysts are noting that the rising bearish wedge in equities has been broken to the downside. We could get a bounce after today but chances are a major new downtrend has started in equities.
Gold might be ok for a while, and might even rally. Tough to say just yet. In dollar terms it’s hovering around the $1200 mark. I still think there is potential danger lurking toward end of this month. But this definite move down by equities could change the picture.
More soon.
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