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thoughts on markets & cetera – christopher carolan

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Gold Again

October 6th, 2008 at 7:54am · 2 Comments

Last week I wrote to expect a gold correction down to support near 840. Low tick on Friday on the CBOT electronic contract was 822.6.  The intraday chart shown here has two RSI divergences plus the Cycle-Trap has turned up and a net-line buy signal. That’s enough for me!  Gold is once again the place to be in these perilous times, in my opinion.

click chart to enlarge

Tags: Before & After · Gold

2 responses so far ↓

  • 1 ramparikh // Oct 6, 2008 at 11:30 am

    Chris,

    When do you see the Gold and Silver mining shares start to take off along with Gold and Silver?

    Also any updates on your new special report?

    Thanks.
    RAM

  • 2 liam // Oct 7, 2008 at 3:44 pm

    All I can say is I wish I saw this as it was approaching in March!
    I was just imputting your Fns into a long term gold chart and bang, the Fn 26 is a perfect fit at 10289 days from Jan. 1980 high to March 2008 high.
    Come on Chris, you must have some links you can share. I’m looking forward to the upcoming report.

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