Financial Planner

To follow on from what I have interjected a few times over the past week or 3, gold is just above the Feb 09 and March 08 all-time highs yet $ is way way down on the early 09 value and around the same as early 08, a few months before it went wildly up. On 5 year chart GLD GLD at Yahoo! comparing early 09 high to this month's all-time high: RSI is down MACD is down Slow Stochastics down. Discuss. (BTW, $ rising...)

I know practically nothing of what he says. However, Nadeem Walyat at Market Oracle is a big follower and that says a lot to me. Positvely.

I believe, in fact it is Jan 2011 for $1650 and he has a $1m wager on that (of course that will be c $750k by then...).

I believe, from what I have read, his time period is 4 to 27 November, not exactly the 5th. During this period he expects $ to fall below 71 and...well you know the rest.

I put on Goldfinger's gold thread that technicals and action increase the probability of a $ bounce. A close below 74 is probably confirming the break down. Howwver, it doesn't even break below 75. With stock market looking very fragile and G not surging even though € goes above 1.5, there could well be something to the recent action. Few confirmations of 'what should obviously happen'. This means... And if you don't at least allow the possibility then you may regret it. I'm tilting towards $ rise. So we've lightened on stocks and comms. If we're wrong we'll just rebuy and incerase exposure. However, I am ready to reduce exposure further, after the massive rise this year.

Actually it was Inflation all the way DOWN from 1980 to 2000 and gold went CORRECTLY down.

As everyone knows, if $ rises then comms will be smoked, including G. Well, with a 0.5% rise in $ yesterday and many technicals indicating strength, there is an increasing probability of a significant move up in $. Granted G ought to be less affected than other comms, particularly S. However, 850 is still on the cards Gold chart US$ chart I am NOT saying it will happen however we must be cognisant of the real possibility. Thus, we've lightened our load in case $ strengthens. If $ falls through the floor, say below 74 and closes below, then we will simply rebuy and increase exposure. From the low, last October, our favourite G fund, Ruffer Baker Steel, is up c 120%. Though it fell massively in the rout.

Dollar falls again, but not through the floor and gold...not a lot. Be careful when prices do not do what they 'should' given expected outcomes. (Dow makes the 10 O'clock News. Excellent.)

Readers should know this: From Bedlam (one of our favourite investment companies (2 Oct 2009): There is fraud in ETFs - what will that do to gold?

Yup.

It's done now. Sell the hell out of it.

Possibly but the volume is anaemic. It's going down though sure it could possibly go up first.

Malheuresuement, non!

Monster volume on Friday...