Never noticed it I guess… I’d say it’s a distraction as there’s no way we are going to 60,000 on the Dow anytime soon. Plus, the FP’s aren’t in “round” numbers like that. They are more exact… which means that one isn’t real.
If we start down into this coming October 10th-21st period and possibly hit the print Mick just caught of 1068 SPX then Gold could hit this old FP too. Then I’d expect QE3 to start (and possibly a 40% dollar devaluation too) which would then send Gold up to $3,000+ from hyper-inflation starting.
Gold and Silver should go down if the market sells off. The charts on them are mixed though and could go either way. But if history works then they will go down while the dollar makes a run for its’ FP of 86.47 from awhile back.
What are you thinking this week red? quick morning drop followed gby a nice rally this week?
That gold FP was given when gold was around 1300 though. Might not be realistic to think that it is valid now.
Never noticed it I guess… I’d say it’s a distraction as there’s no way we are going to 60,000 on the Dow anytime soon. Plus, the FP’s aren’t in “round” numbers like that. They are more exact… which means that one isn’t real.
Well in the same FP of all those various sectors in blue, it showed the SPX at 1419, BUT the Dow at 60,000. What up? distraction?
Also note how the FP on GLD from 2010 lines up nicely to this trendline….
http://screencast.com/t/9VgrCdnvLai
Remember this FP on Gold WB…
http://reddragonleo.com/wp-content/uploads/2010/10/gold-fp-of-939-on-10-14-2010.jpg
If we start down into this coming October 10th-21st period and possibly hit the print Mick just caught of 1068 SPX then Gold could hit this old FP too. Then I’d expect QE3 to start (and possibly a 40% dollar devaluation too) which would then send Gold up to $3,000+ from hyper-inflation starting.
By the way WB (and everyone), this FP was emailed to me from someone in the SMB’s chatroom that I’m still in contact with…
http://reddragonleo.com/wp-content/uploads/my-iphone-at-613-am-July-20-20121.jpg
Gold and Silver should go down if the market sells off. The charts on them are mixed though and could go either way. But if history works then they will go down while the dollar makes a run for its’ FP of 86.47 from awhile back.
Huh? I don’t recall seeing that print? Did I post it?
What about the 60k FP there on the Dow Jones? Distraction?