Comments on: Oil Update http://carolan.org/2009/11/oil-update/ thoughts on markets & cetera - christopher carolan Fri, 27 Jan 2012 01:53:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gold@3440 http://carolan.org/2009/11/oil-update/comment-page-1/#comment-1404 Gold@3440 Thu, 26 Nov 2009 18:34:11 +0000 http://carolan.org/?p=2902#comment-1404 Gold up today despite significant $ strength. It's the Dubai factor at work. Soon, we'll get the 'Gold goes up on bad days for equities, good days for equities, bad days for the dollar and good days for the dollar... you can't lose!' mentality... at that point we'll get a short term peak. It's turkey fday in the US but Dec S&P futures are off 25 at 1085. Nice. I look forward to Chris' update tomorrow. My 16th Nov cycle turn still stands as the peak(Dec futures peaked at 1112.10). This could get nasty. Gold up today despite significant $ strength.

It’s the Dubai factor at work. Soon, we’ll get the ‘Gold goes up on bad days for equities, good days for equities, bad days for the dollar and good days for the dollar… you can’t lose!’ mentality… at that point we’ll get a short term peak.

It’s turkey fday in the US but Dec S&P futures are off 25 at 1085. Nice. I look forward to Chris’ update tomorrow.

My 16th Nov cycle turn still stands as the peak(Dec futures peaked at 1112.10). This could get nasty.

]]> By: Gold@3440 http://carolan.org/2009/11/oil-update/comment-page-1/#comment-1403 Gold@3440 Wed, 25 Nov 2009 12:20:17 +0000 http://carolan.org/?p=2902#comment-1403 Potential double top for Gold expressed in Euros. Confluence of time and price occurs this Friday - The 2 peaks will be equidistant in time from the trough. I also have a potential cycle date on 7th Dec for Gold (expressed in USD) which possibly adds weight to a coming (cyclical but not secular)-peak - the ideal price would be around $1250. Potential double top for Gold expressed in Euros. Confluence of time and price occurs this Friday – The 2 peaks will be equidistant in time from the trough.

I also have a potential cycle date on 7th Dec for Gold (expressed in USD) which possibly adds weight to a coming (cyclical but not secular)-peak – the ideal price would be around $1250.

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