GOLD :
So we are after the bottom; expected and long tim awaited. My system showed 1534-+ 3 $ and price was 1526,5 . Butterfly formation always works.
Just short comment that I agree with SPM from PIMCO that Greece exit from the euro zone might be more destructive to global markets and economies than the collapse of Lehman Brothers. This would likely be " significant global implications for trade, financial markets and banking systems as well as overall confidence." Escape to dollar creates US economy less competitive;internal debts grows;euro depos in different economies are under question mark. I count on a moment of global destabilisation as only idea brights is printing. Destabilisation than inflation even hyperinflation as all those overhanging monies will be pump into comodities. Gold will be a safe heaven. Beside a speculation gold anticipated this destabilisation.
OK what next in nearest time as marked on picter above liitle move down than 1640...this is it for a while.
Just short comment that I agree with SPM from PIMCO that Greece exit from the euro zone might be more destructive to global markets and economies than the collapse of Lehman Brothers. This would likely be " significant global implications for trade, financial markets and banking systems as well as overall confidence." Escape to dollar creates US economy less competitive;internal debts grows;euro depos in different economies are under question mark. I count on a moment of global destabilisation as only idea brights is printing. Destabilisation than inflation even hyperinflation as all those overhanging monies will be pump into comodities. Gold will be a safe heaven. Beside a speculation gold anticipated this destabilisation.
OK what next in nearest time as marked on picter above liitle move down than 1640...this is it for a while.
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