Gold the Ultimate Currency
Gold chart analysis updated each month, or when significant action is seen. Gold's been in a long term uptrend since 2001. Are we at the top or is the next wave taking off. Buckle your seat belts and enjoy the ride.
Contents at a Glance
- Gold Chart Analysis Price Projection
- Gold Chart Analysis - Breakout with Conviction
- Gold Chart Analysis ~ Consolidation
Gold Chart Analysis Price Projection
06/11/09
Here is the interim price projection for Gold coming in at $1380. I'm expecting some degree of resistance to penetrate the $1100 level.
Buffett Bets on Inflation, a Dollar Decline and Rising Oil and Commodity Prices
Gold Chart Analysis - Breakout with Conviction
03/11/09
We have a confirmed gold breakout with gold passing through $1075. The IMF sold about half its gold holdings to India. This gold never hit the market per se. China is sitting on the sidelines hoping for a better price. China has been a consistent buyer on all weakness. India stepped up to the plate and bought it. China might have to pay more now.
There's been lots of conviction in the gold price movement. I will not post a gold chart tonight, as I just did one yesterday stating breakout from $1075 would confirm uptrend. But I wanted to post that the gold chart has confirmed the breakout for the third wave. Trade the wave. Gold shorts are toast.
Gold Chart Analysis ~ Consolidation
02/11/09
Gold for the last several weeks has been in a consolidation mode. My gold chart analysis for this month looks at the long term gold chart. With this gold chart we can see that gold went through long term resistance and is now consolidating in the $1025 to $1070 area. So we're looking for a breakout above $1070; confirmation would be above $1075.
Gold Chart Analysis October 2009 Long term Gold Breakout confirmed
07/10/09
The gold chart has confirmed a breakout from long term resistance dating back to March of 2008. So we have tested the resistance line on the triangle. The final test occurred at mid September 2009 where the price tested former resistance, which is now support, (see green arrow on the gold chart). MacD indicator also confirms that the test of the ice and response is a power move.
The Gold chart's next interim target is $1300 - $1350, however due to geopolitical currency conundrum this could go much higher. Frankly I would not be trading this, just sit back and enjoy the ride. The $usd is toast.
Gold Chart Analysis September 2009
09/09/09
Gold Chart indicating a possible test of $975 at Apex
Gold Chart Analysis ~ Gold breaking out from the triangle
02/09/09
Well Gold, after what appeared to be doldrums for several weeks is in the process of breaking out.
A clear breakout on the gold chart of over $981 should clinch the deal!
Gold Chart signals the demise of $usd as World Reserve Currency
22/05/09
Of significance is the imminent demise of the $usd as the World Reserve Currency occurring now and this will be more evident before the end of the year. Did I say the Emperor has no clothes, and will they finally audit Fort Knox? Who will be the next Emperor = China, like it, or not! The long term gold chart confirms that one of the few, true bull markets out there is the Gold market.
Gold Chart ~ Long term Gold Lease Rates
I've included a long term gold chart of the Gold Lease Rates. This is a gold chart that is rarely looked at, especially long term, but I feel it is a very telling chart. Note how the double bottom in Gold in 1999 and 2001 correlated with a spike in the Gold Lease Rates. I have watched this chart closely for years and in the fall, more precisely October 2008 the rates spiked again, and I submit that this marked another significant bottom in gold.
Junior Gold Mines
- Safe Haven | Junior Gold Mining Stock List
- A financial information site with an emphasis on Gold and Preservation of Capital. -- I have created a junior Gold Miner stock list/index for my own use and thought I would share it for those who may be interested. I was hoping that by sharing this list, I may get some feedback and suggestions for i
- Van Eck Files For Junior Miners ETF - News In Focus
- Fund will be the first small/mid cap mining ETF on the market.
- A new ETF is being introduced to the investing community by van Eck Global
- Junior gold companies to trade as ETF
- New ETF Provides Access To Junior Gold/Silver Miners
- New "ETF" Provides AccessTo "Junior" Gold/Silver MinersJeff NielsonJune 12, 2009Thanks to "Bullion Bulls" contributor, Paul, for supply
- Top 10 Junior Gold Mining Stocks
- Top 10 Junior Gold Mining Stocks
- Gold Mining Stocks.com is a gold stocks investor research portal with gold and mining news, gold stocks directory, gold stocks indices and ETFs, gold stocks articles, gold and mining blogs, audio interviews and podcasts, mining Stocks directory and links, Precious Metals Stocks, Mineral Exploration/Development news and gold and mining research reports.Gold-miningstocks.com is a leading investor resource portal within Investorideas.com
- Gold-MiningStocks.com is a global meeting place for investors following gold stocks and mining stocks , within Investorideas.com. Global visitors use the site daily to research the latest mining news, articles, audio, mining and gold stocks research reports and our mining stock directories. Publicly
- Financial Sense Junior Gold Mining Index Review by Frank Barbera 01/13/2009
- January 13, 2009 current Financial Sense Gold Junior Index review
- Junior Gold Mining Stock List :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
- Junior Gold Mining Stock List :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
- Gold Versus Paper: Junior Gold Mining Stock List
- I have created a junior Gold Miner stock list/index for my own use and thought I would share it for those who may be interested.
- The Northern Miner - Global Mining Newspaper
- The Northern Miner is the world's leading mining publication. Receive insightful weekly news and detailed articles about the worldwide exploration activities of global mining companies.
- Gold Report:
- investment coverage of gold and other precious metals (free newsletter emailed semi-weekly) - recommendations on gold junior mines.
- Junior Gold Mines Poised for Historic Bull Run -- Seeking Alpha
- Gold Juniors Poised for Historic Bull Run -- Seeking Alpha
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The New Science of Technical Analysis (Wiley Finance)
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Used Price: $19.14
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Long Term Gold Chart shows a Cup n Handle
Updated March 3, 2009
Wizard of Ob is no Wizard of Oz ...he's just the man behind the curtain!
A 30-year cup and handle presents the potential for explosive energy.
We are Wile E. Coyote Nation
Like a Deer in the Headlights
"Hello, this is Helicopter Ben.
Man the printing presses, and hit warp speed, NOW, or else we're FREAKING DOOMED!
Roger, over and out."
The Pundits have argued long and hard - will we have deflation or inflation - so much so that it's very easy to be very confused as to what to do now!
Deflation or Inflation
Deflation occurs in a society where the nation is a creditor nation.
Inflation occurs in a nation that is a debtor nation. The United States is a Debtor Nation - Wile E. Coyote Nation - at the precipice.
World Derivatives Pyramid
are approximately 10 times that of 2006 World GDP
World GDP is $65.95 trillion (2006 est.). The World Derivatives is estimated at $600 trillion usd. Since the stock market breakdown in October 2008, instead of derivatives decreasing, derivatives have increased in 2009! This Black Hole can never be filled. It will suck all paper money through it.
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Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
Amazon Price: $18.45 (as of 11/27/2009)
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When Giants Fall: An Economic Roadmap for the End of the American Era
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Gold Chart Analysis and Geo-political Economic Analysis
- Welcome To Jim Sinclair’s MineSet
- Gold Editorial and Gold chart analysis.
- 3 2 1 g o l d ... Welcome!
- 321gold.com ...takes no prisoners!
- Gold Price, Editorials, Gold Stock Analysis, Gold Mining Stocks, Free Gold News and Precious Metals Online Information - GoldSeek.com
- Since 1995, providing gold investors with the most updated gold and silver prices, news & precious metals information!
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- page translated into English
- ContraHour
- Combining fundamental, technical and sentiment analysis into a semi-coherent investment outlook.
- Market Skeptics
- Some of the Topics: Currency Collapse, Gold, Federal Reserve, Wall Street Meltdown ...
- Ambrose Evans-Pritchard - Finance and business comments - Telegraph
- Ambrose Evans-Pritchard has covered world politics and economics for a quarter century, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.
- Con job in the Financial Markets continued ...
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- Gold & Precious Metals
Gold Chart Price Projection
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MiaBellezza says:
Since the $usd currency situation is so unstable and the geoeconomic and geopolitical forces are bearing down, it would be unfortunate for those waiting on the sidelines to miss the big move in Gold that is in the making! Expecting Summer doldrums for the Summer of 2009 is perhaps too relaxed a stance .
I'm going along with Alf Field's projection of $3500 and $6500 as very doable for the 3rd and 5th waves in Gold price high projections, if not higher.
Posted June 27, 2009
irSeoDoc says:
Gold is going to climb, and the US market will not crash. I do believe that we will see the DOW will another big spiral but not at the extreme we experienced earlier this year. I am pro-gold... in stock, and in bullion, lets not forget Thailand's Gold jewelry market one of the best sources for jeweled gold at market prices.
Posted June 25, 2009
ajgodinho says:
We will definitely see gold bullion prices above the $1,000 mark by end of this year (if not before). But I think it has been under pressure for a while now. I guess the next couple months are generally not all that positive for gold (seasonally speaking), it picks up in August and shows some weakness in October. I'm been in and out of gold (bullion thru ETFs) and gold stocks too. But am looking to get back when I see the opportunity is right.
Posted June 27, 2009
Mick says:
8000$/Once by 2014
Posted February 22, 2009
Favin' or Flamin' my Gold Chart Analysis
say what you will ~ it's a free country
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Reply
- pkmcr pkmcr Nov 7, 2009 @ 1:57 am
- Very informative and well crafted lens. Blessed by a Squid Angel
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Reply
- MiaBellezza MiaBellezza Jun 27, 2009 @ 7:49 pm | in reply to ajgodinho
- I have a few gold stocks, but do not trade actively. Most of my precious metals investments are in gold and silver coins and a precious metals mutual fund. My portfolio holds 40% in precious metal related investments 14% in natural resources and 46% in cash. And yes, I'm a Gold Bug!
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Reply
- ajgodinho ajgodinho Jun 27, 2009 @ 7:31 pm
- Very informative lens Valerie...5*s!
I've traded gold bullion and gold stocks since April 2004 and have been thankfully been successful doing so. The past two year, I've mainly focused on the ETFs because they allow you to trade both ways (up and down, I mean).
2008 was my best year (I know, hard to believe), but again I'm thankful to the Lord!
I'm looking to get into gold and gold stocks in the next couple of months and am watching the technicals closely.
Do you trade actively in the stock markets? Are you a gold bug?
Anyway, all the best and thanks for this very well crafted lens!
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Reply
- Apr 5, 2009 @ 12:58 pm
- Thank you so much for this information, boy I've got a lot to learn! :) Free Fun Stuff!
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Reply
- Heather426 Heather426 Feb 22, 2009 @ 12:09 am
- 5* lens!
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by MiaBellezza
Hi there! First off, I'm a Gold Bug. I'm also an oDesk certified Blogger, Search Engine Optimization Expert, and Windows XP Expert. I'm also a comp...
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