As it seems the USD index is at or near a bottom. If my Elliott Wave count is correct then wave 2 is completed and wave three up is expected to begin and carry the USD index higher then the top of wave one(85.45). for longer term USD index charts and Elliott wave count see Saturday, December 02, 2006 US Dollar Index (USDX) Elliott Wave Update
Dear readers,In order to understand the current price behavior of gold you have to go back to the early 1980. Back then gold topped at 850$ an ounce, this is also the all time nominal top as most of you probably know. After going extremely parabolic and rising more then 100% in less then 2 month the price of gold immediately crashed back to 500$ in less then two month. Few month later a secondary
Dear readers,Gold in terms of yen have made a new multi years high (See the long term gold/yen chart below).Other then this I would like to repeat several points:As the great global gold bull market continues expect the price of gold to be more effecting for other market prices and less effected by them. Expect more gold products. Most importantly – Volatility will rise from time to time both on
BOSTON--(BUSINESS WIRE)--State Street Global Markets LLC, an affiliate of State Street Global Advisors (“State Street”) (NYSE: STT), and World Gold Trust Services, LLC, a wholly-owned subsidiary of the World Gold Council, today announced that the opening of trading in streetTRACKS® Gold Shares (NYSE Symbol: GLD) on the New York Stock Exchange will be changed from 9:30 a.m. Eastern Time to 8:20
Dear readers,I'm posting gold and silver spot weekly charts along several gold ratio charts (Dow Jones, crude oil and silver). Please refer to the latest WTI crude oil charts review and this old post: http://globalgold.blogspot.com/2006/10/dowgold-goldoil-ratios-update.html
Dear readers, The price of gold bottomed at early January and managed to climb about 60$ (roughly 10%) . I'm posting a gold spot chart with several Fibonacci sets, diagonal support lines and the continuation of the Elliott wave count.Enlarge the chart for better view.
Dear readers, It was a busy month! , Posted below are some of the latest international gold market news:IMF to make central bank gold lending data more transparentBlanchard & Company study calling for greater transparency in central bank gold lending accounting has apparently helped to convince the International Monetary Fund to adopt a landmark accounting change in the way central banks account
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