SuddenDeath
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SuddenDeath
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CNBC crew trying to spin the US jobs data, which is being released in 19mins
Dick Lexic
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is that a female in the green image?
SuddenDeath
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the women has analysed the thoughts and behaviour of successful and unsuccessful people. not sure if the female image is relevant
Dick Lexic
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nfp.....nice if we could just spike out that gap and get on with the uptrend
robster970
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Am expecting a shakeout before it proceeds north. Expecting NFP to be the trigger.
SuddenDeath
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robster970
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Only 48k contracts traded on ES so far - that's not a lot for payrolls. Wait until 2.30 now...
If QE is set in doubt, this may take out any support below the shiny metal
SuddenDeath
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afternoon zorbas,
read on web that indians are buying huge amounts of gold and the government is trying to discourage them by imposing taxes, Indians have figured out holding government toilet paper even with a yield of 8% is not better than holding gold
Dick Lexic
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we have a new high .....my elliot waffle says we might have a leg three on the 4hr ...if it is then a retrace which holds 6000 would be just fine ...wave five would start when barjons trucks arrive
of course those pesky gaps are still there
wave 5 has a target of 6120ish
Hi SD
The prime factor behind Gold's advance during the last 3-4 years was QE. Following the latest announcements from the FED this is set in doubt, possibly because they understood that further declines to the Green currency will bring more trouble than any benefit of thr QE. Hence 2000 could be now a difficult target, while futher decines could be on the horizon. It could turn out to be a side market for the coming future.
SuddenDeath
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yes, when they ran the bretton woods system, they had a formula for pricing gold based on monetary base, what is the cost of production for gold? I have some experts I follow and they have huge upside targets for gold.
the demand for gold from india and china is huge
there is a top market technician called louise yamada she recently wrote about gold on kingworldnews
My Blog
SuddenDeath
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how about 6143, roughly FTSE equivalent for SP500 cash 12 month highs 1475
Dick Lexic
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well we'll need nasty nick at 1465 first.. think he's the fat controller for now...
SuddenDeath
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Dick Lexic
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only watched half of this but this is one angry lady
Ann Barnhardt - The Economy Is Going To Implode (Full Length) - YouTube
Ann Barnhardt - The Economy Is Going To Implode (Full Length) - YouTube
robster970
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I can see why you watched this Dick, market's hardly exciting today is it....right am done for the week. See you Monday.
SuddenDeath
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she has a great understanding of the financial markets especially cattle her speciality
