A/ Yes. Yes it would, quite a lot. So good pattern recognition, but .. 1/ where's his argument that his pattern will repeat a third time? 2/ I fearfully googled 'charting three angles pattern' and yay! I couldn't find any reference. So he's being purely intuitive? No precedents?
I concur... and why not a fourth time Should be a bit of fun tomorrow though, have a bit set aside for some knife catching cash circa USD1088Au USD14.66Ag. If not 956 or 12.55 , or it is already priced in and the bottom was 3 wks back?!?
Swiss voted no on the initiative interesting to see how much it drops tomorrow as a result. Hopefully the effect won't be as bad as the OPEC news. Can't believe the Swiss prefer to be pegged to the Euro. Oh well tis their funeral.
Well, it might give some ammunition for the SHORTERS bankers to dump some "PAPER" on the market. It does not mean other countries will not continue HOARDING GOLD like they are currently doing so. Especially if the price hits below $1000..... Window of opportunity for the ones watching it closely and for the biggies that are buying for their purpose...that is, to challenge the current monetary system and world reserve currency.
The previous polls were way off the final result. Initially they had nearly 50% saying yes then it dropped to 38% with 15% undecided, on the day less then 30% were in favour. I guess the government and SNB scare tactics worked. Too many negative articles on the subject leading up to it I didn't see one positive report on the matter. Too many people with too much to lose in the paper market. Buy stocks in ink cause Europe is going QE in 2015, and the Swiss want their frank pegged to it? I think they have lost their reputation for stern economic people.
Agree.... even thought the drop in price atm($USD1.143), the volumes still ar not that high..... I think the interesting times will overnight when London and NYMEX are opened at the same time.... I will wait until then to make a decision.....
Well since the vote didn't pass I have no doubt now is the start of the real bottom will continue to plunge over night. I guess then I'll just have to keep on buying! Drown my sorrows in some more gold purchases. I still think next year will be great for gold. With all the QE and all. Bottom will be December/January/February.
Sorry was meaning the opening gap.. there that one too Am long from 14.66 [youtube]http://www.youtube.com/watch?v=VtMt9ynpS3I[/youtube]
When I saw your post I thought my charts were having another hiccup like last week's run to $1400 for gold.... Overnight will be extremely interesting.... with the PRESS-TITUTES main stream media, and the full force of trading markets...... I wonder if volumes will be explosive.....
