Charmin Posted March 9, 2005 Report Share Posted March 9, 2005 The U.S. Dollar: A Potential Time Bomb Van K. Tharp, Ph.D I agree - what's going to determine the future of the USA and the world is it's currency... it might not be a soft landing for Uncle Buck.... If you had to send dollars to Europe to supply the needs of some business you could have lost 25% in value converting those dollars .... That ain't a good thing.... and time is not working well for Uncle Buck.... now you know why watching the dollar is important... and some believe that POG is not in a real bull market but that it relies on Buck being in a bear market... Link to comment Share on other sites More sharing options...
No Einstein Posted March 10, 2005 Report Share Posted March 10, 2005 the last time I posted here I thought drooy was a buy and had my ass and my ego handed to me. lets try it again. everything has a bottom except companies that go out of business drooy has formed a giant "stiletto heel" formation with a dojo at the toe we should move up nicely from here Link to comment Share on other sites More sharing options...
traderfromhell Posted March 10, 2005 Report Share Posted March 10, 2005 the last time I posted here I thought drooy was a buy and had my ass and my ego handed to me. lets try it again. everything has a bottom except companies that go out of business drooy has formed a giant "stiletto heel" formation with a dojo at the toe we should move up nicely from here <{POST_SNAPBACK}> Luck to you. Maybe this time it's the charm. I ain't betting on it though. Link to comment Share on other sites More sharing options...
traderfromhell Posted March 10, 2005 Report Share Posted March 10, 2005 HUI. Now we get a chance to see if we can hold 216-218. Link to comment Share on other sites More sharing options...
Charmin Posted March 10, 2005 Author Report Share Posted March 10, 2005 WTZ - some see a cup/handle formation Link to comment Share on other sites More sharing options...
Charmin Posted March 10, 2005 Author Report Share Posted March 10, 2005 another possibility - sideways consolidation Link to comment Share on other sites More sharing options...
Old Habits Posted March 10, 2005 Report Share Posted March 10, 2005 HUI. Now we get a chance to see if we can hold 216-218. <{POST_SNAPBACK}> Yeah, that's the feeling I get too. Probably gonna be a rough week or so, just hope it doesn't turn into anything more than a minor pullback. Trade numbers come out tommorrow or Friday, I imagine they've been selling the rumor on buck and will be buying the news. Link to comment Share on other sites More sharing options...
Old Habits Posted March 10, 2005 Report Share Posted March 10, 2005 Don't know if Charmin or anyone else posted this yet, but what a great article written by Barbera. If this is how things develop, I suspect some of us here will be doing very well. http://www.kitco.com/ind/Barbera/feb282005.html Link to comment Share on other sites More sharing options...
bearvest Posted March 10, 2005 Report Share Posted March 10, 2005 MINERS: I'm going to be cautious here. Is there a dollar bull anywhere? Do you believe that gold has nowhere to go but UP? NEM has a 5 wave impulse on the chart that can count complete. HUI, as Ive posted before, can't have an impulse up due to prior overlap. While wave c can extend, there won't be a 5th wave. And as bullish as XAU looks (my count is that we've likely completed wave iii of 3 so there should be lots of bullish action ahead after a minor consolidation), there are some red flags. First, there are 3 waves on the chart. As posted previously, there is no impulse up from February 8 as iii would have been the smallest wave. Wave 1 could also now count as wave a depending on future price action. Stochastics have negatively diverged. Momentum should be strong in iii of 3. MACD is strong, but it should be in a 3rd wave ---irrespective of whether that 3rd wave is 3 of an impulse or c of an abc. The key, I suggest, is 100.07. It must not be overlapped. Presently, it is also trendline support. Link to comment Share on other sites More sharing options...
Charmin Posted March 10, 2005 Author Report Share Posted March 10, 2005 Don't know if Charmin or anyone else posted this yet, but what a great article written by Barbera. If this is how things develop, I suspect some of us here will be doing very well. http://www.kitco.com/ind/Barbera/feb282005.html <{POST_SNAPBACK}> Did you listen to Frank and Jim this past weekend for two hours at financialsense.? Link to comment Share on other sites More sharing options...
Charmin Posted March 10, 2005 Author Report Share Posted March 10, 2005 The XAU rallied into key Fibonacci Cluster Resistance and is now due to back off. (See Chart) With long-term (10yr) interest rates clearing 4.51%, the Dollar is set to provide some strength, which is negative for gold. A modest correction in the XAU is likely. Once we're certain a "good" high is in place, we will update Fibonacci Cluster Support levels. http://www.feargreed.com/showgraph2.php Link to comment Share on other sites More sharing options...
Old Habits Posted March 10, 2005 Report Share Posted March 10, 2005 Don't know if Charmin or anyone else posted this yet, but what a great article written by Barbera. If this is how things develop, I suspect some of us here will be doing very well. http://www.kitco.com/ind/Barbera/feb282005.html <{POST_SNAPBACK}> Did you listen to Frank and Jim this past weekend for two hours at financialsense.? <{POST_SNAPBACK}> No, I remember you posting it though. I've got no sound on this old computer. My wife and kids have taken over the good computers, but I might have to battle them off to listen for a couple of hours. Link to comment Share on other sites More sharing options...
Guest Posted March 10, 2005 Report Share Posted March 10, 2005 couple of thoughts: the dolar rally was wimpy. it didnt do much pricewise although timewise it chewed up some clock. which is significant to a gann trader. so, i think the dolar, although on the precipice rallies in a C wave. the gld hit a .618 retracement yesterday @44.10. the xau came into significant resistance @ 102.37 and although we had one close above there, the market is so far this am it is having trouble holding it. all things considered, i think this wave ended and we correct. if so, i will accumulate some more metal and miners. i am looking at this as a process. until the por that fiat is a sham comes. it will be a backing and filling process. dharma Link to comment Share on other sites More sharing options...
Charmin Posted March 10, 2005 Author Report Share Posted March 10, 2005 NG centered on $9 Link to comment Share on other sites More sharing options...
AgentSmith Posted March 10, 2005 Report Share Posted March 10, 2005 IVN opinions? Look for a retest of 7.50-7.75 area? Listen to: RF at his best I'm looking to buy a very small amount to tuck away LT. Link to comment Share on other sites More sharing options...
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