29.03.2012. 21:58 CET

COMM: GOLD :  Yes i was right it was farther correction till 0%. Was negative for gold and we get the deep 1645, 23 I am wondering wether there is enough space for attack of 1663-5? re-postioning for the previouse levels. I wonder whether this wave is the begining of new one? Have no answer for today . recommended break for a while just to get distance.

28.03.2012. 20:03 CET

COMM: GOLD :  Never be so sure . I was certain that we should not pass 1680.....and was a bit surprised that we had again 61,8 % retracement what gives 1655 ...and today there was no fuel  to re position above 1653,5. This looks that market just used Ben speach to have a good price for sell. crossing 50% is negative; not passing ealier 1700 is negative. But maybe morrning will bring some fresh look.

26.03.2012. 20:03 CET

COMM: GOLD :  Anyway my Fibo works so far perfectly we have now correction of this such nice move from 1628 to level....

oh yes my indicator says : mind 1680/1 as this should be low of this correction remaining below 1700 is good and helthy for the market . Iam in . You may add at this level.

 

24.03.2012.
COMM: GOLD : We indicate different levels of Fibo :)
http://anardgold.blogspot.com/2012/03/as-i-mentioned-on-my-previous-post.html

Are we at the bottom II?

Are we at the bottom II?

23.03.2012. 08:03 CET

COMM: GOLD :  We are at 61,8 % Fibonacci I wrote this as a first one I hope :) and I did it ............indicating 1635 and now 16(28) as second deep and we will see what next , hope for upper levels now.

 

Gold may remain weak for at least the near term, says Ira Epstein, director of the Ira Epstein division of The Linn Group. Seasonally, gold tends to make a break in early March that often ends in late March. But whereas the time may be approaching to be on the lookout for a momentum change, this has not taken place yet and often doesn’t until early April, Epstein says. “Therefore the bears remain in control for the time being,” he says. He later adds: “The economies of Europe and Asia are stumbling. Inflation is not yet an issue. Iran is not making headlines….http://www.kitco.com/  

(Kitco News) - Comex gold’s pullback has taken it back to the $1,627 an ounce area, which around 61.8% Fibonacci retracement of the prior rally from the December low to the February  high, says Triland Metals. “This level has kept the market in check for now,” Triland says. “One of the catalysts for today’s move could be blamed on the Chinese PMI (Purchasing Managers Index) figure, which seems to indicate that a continuing slowdown is happening in the Chinese economy and that inflation fears are lessening. This market remains very long with first notice day for the main Comex contract (April) approaching.” As of 2:15 p.m. EDT, April gold was $8.50 lower at $1,641.80 an ounce after bottoming at $1,627.50, its weakest level since Jan. 10.

 " I opted for lows and it come so quickly; and now we are in a very important moment : 50% - 61,8% Fibo of our peaks 1760-90.  My arrow indicated level round 1635 per oz. and we where yesterday and during night exactly there. So here should be decided where market will go for next weeks!  Reading all news  and comms I have only one feeling where were all those analitics before this drop down? I heard only about bounce of gold. So this time I bet  for change. Even a few dollars ( 28) sway should not change the picture.

Are we at the bottom?

15.03.2012. 06:53 CET

COMM: GOLD :  So it happened.  I opted for lows and it come so quickly; and now we are in a very important moment : 50% - 61,8% Fibo of our peaks 1760-90.  My arrow indicated level round 1635 per oz. and we where yesterday and during night exactly there. So here should be decided where market will go for next weeks!  Reading all news  and comms I have only one feeling where were all those analitics before this drop down? I heard only about bounce of gold. So this time I bet  for change. Even a few dollars ( 28) sway should not change the picture. Correction was perfomed.  Saying in economic words Fed said there are signals that US economy improving but frustrating is the slow peace of it. Anyway it was a signal is better and safer. gold down equities up. Is it?
Frankly I would like to see change of current temp.trend but there is also contradictory 3-crown formation which usually means only negative information, but i also saw 4-crown formations so...let's see what market will do. 

http://www.kitco.com/reports/KitcoNews20120314JW_pm.html

"Tuesday afternoon release of the statement following the latest meeting of the Federal Open Market Committee. The Fed acknowledged an improving U.S. economy with still-low inflation expectations. The statement further squelched talk the Fed will implement another round of what would likely be commodity-market-bullish quantitative easing. The precious metals got a second punch Tuesday afternoon when J.P. Morgan announced it had passed the government’s stress testing and was declaring a dividend as well as paying back a big chunk of government loans. Investor risk appetite has up-ticked significantly following Tuesday afternoon’s developments, which has hurt gold and also the safe-haven U.S. Treasury market."

http://news.ninemsn.com.au/article.aspx?id=8435457

Gold prices may slip to $US1,630 an ounce in the near term, Standard Bank's head of commodity strategy Walter de Wet said in a note.

Barclays Capital said that the economy would "either need to suddenly slow or inflation to decline more than the Committee expects before additional asset purchases are initiated" and it doesn't forecast further easing this year.

 

14.03.2012. 20:25 CET

COMM: GOLD : . Some famouse persons told you .....don't lose patience with, or confidence in, your gold investments. What happens to the price over last week is only one short chapter in story of this bull market.

I said 1790m was the roof and ... In my opinion there is enough time to perform correction …before  inflationary spiral will push the gold price to higher  levels in such an inevitable mega-trend in gold.

I opted for lows. I made a picture of future on Sunday 4th of March !

and ......market performed exactly the same....look:

What next my arrow ended ...at . Those who

have good eyes.....see... :)