Gold, Silver and Crude Oil thread

[fibonelli]

Seven sequences of the impact phase of the global systemic crisis (2007-2009)
useful article and site for background reading

 

[fibonelli]

Latest Daily Gold Futures chart

Highlights
Sharp rally from ABC correction (see post #38). Price held just above *38.2% retracement of the November high to the August low near the next lower RBS pivot of 771-775.
Price is again at underside of trendline.
Price just below SBR pivot 825-830.
Price is also in the **61.8%-78.6% retracement of the ABC correction.
Multiple divergences.

*shown in red
**shown in turquoise

 

[fibonelli]

Special Update: Mr. T Gold Indicator Forms Rare Double Sell Signal

 

[fibonelli]

Latest Gold Futures chart showing a developing symmetrical triangle pattern within the established rising trend channel.

 

[fibonelli]

".......It's a coordinated effort and that's important; it suggests the central banks are ready to provide liquidity on demand..........''

Under Stress'
".........By allowing the Federal Reserve to inject term funds through a broader range of counterparties and against a broader range of collateral than open market operations, this facility could help promote the efficient dissemination of liquidity when the unsecured interbank markets are under stress,'' the Fed statement said.............".
Bloomberg.com: Worldwide

Spot Gold 814.8 +11, Brent Crude 9094 + 208, WTI Crude 9154 + 146

 

[fibonelli]

[URL="http://market-ticker.denninger.net/2007/12/requium-for-american-investment-bank.html"]Requium For The American Investment Bank[/URL]

 

[fibonelli]

Vanishing Act - Are the Fed and the ECB Misleading Investors about "Liquidity"?
An intriguing analysis of CB REPOs

 

[fibonelli]

The Silver Bear Cafe

 

[fibonelli]

Deja vu

Commodities Surge, Led by Oil at $100, Record Gold

Interestingly, government bonds were very strong today. Make sense in a flight to quality scenario, otherwise there's a serious disconnect between these two asset classes.

9/12/07: Latest Gold Futures chart showing a developing symmetrical triangle pattern within the established rising trend channel.

 

[DDI]

long from 847 spot. stop 843. fingers crssed I get a good run in this. I bloody need it.

 

[fibonelli]

Cramer Rages on Banks: 'Where's the SEC?!'
Background Info

 

[fibonelli]

The Financial Tsunami and the Evolving Economic Crisis: Greenspan’s Grand Design
by F. William Engdahl
Background Info

 

[fibonelli]

The Trillion Dollar Secret
By John Riley
Chief Strategist
Background Info re Derivatives and The Federal Reserve's dilemma

"..........But the Fed has to make a decision, lower rates and save the banks, but ignite inflation and kill the Dollar, or let the banks cave in under the weight of some bad derivatives but stave off inflation for a bit and protect the Dollar............".

 

[TWI]

Precious off this morning as somebody at Anglo said that the power would come back on for 90% of mining operations...personally I have no faith whatsoever in the SA infrastructure..when will Africa learn to invest for the future?

 

[Hook Shot]

Fair Point...

Precious off this morning as somebody at Anglo said that the power would come back on for 90% of mining operations...personally I have no faith whatsoever in the SA infrastructure..when will Africa learn to invest for the future?

I've noticed money being raised to address those issues.... bloomberg had interview with Paulson before xmas...... he (wb/imf) was (were) bullish on Africa..... poss next china/india ?

in uk pme african infrastructure opps, lonrho, africa opp fund.....all look well placed
plus your old mates.......macquarie wont be far behind....:cheesy:

The thing that got my attention was a massive fibre optic cable link planned to bring broadband to africa........ 4 of the global tech giants are involved....

 

[fibonelli]

SPECIAL TICKER EDITION - CATEGORY 5 HURRICANE WATCH IS UP

http://www.denninger.net/letters/bfm370.pdf
CDO Portfolios of AMBAC and MBIA

More scary background reading

 

[fibonelli]

CME Gold Futures - Bearish Outside Bar reversal on Friday 1 Feb. Also bearish momentum divergence on a short period oscillator. OBV confirming price action.

 

[Hook Shot]

Just to add..........

You missed out trend line resistance too.......
I saw TLR on Thursday but did nothing...... gutted.............

One of the big dogs recently said over $900 things have got silly* and should start to take profits on $500 longs.......

* Apparently there is rampant speculation with gold etf now having mega quantities of Gold.

 

[Hook Shot]

Second bite of the cherry ??

You missed out trend line resistance too.......
I saw TLR on Thursday but did nothing...... gutted.............

One of the big dogs recently said over $900 things have got silly* and should start to take profits on $500 longs.......

* Apparently there is rampant speculation with gold etf now having mega quantities of Gold.

Decent short opp should be developing in Gold - would love new highs but will take whatever the market gives.... I'd really like a $60 slider though ...in my drreeeeams !

 

[fibonelli]

Relative Strength chart of Gold Futures vs EuroFX Futures.

Also includes latest fib retracement and expansion targets. Last expansion was circa 127.2%.