As a spiritual-futurist, I have a BA degree majoring in history. One cannot know the future without knowing the past which holds clues to what is on the horizon. The world is in such a rapid expansion of knowledge that we are close to entering a tipping point that will forever change earth as we know it.
Gold STOCKS have declined SEVEN out of the last EIGHT days primarily as a result of a COMMODITIES downward trend which has taken OIL from $72 a barrel to $60.21 at the close today. For the past ten days, YELLOW (gold) has been following BLACK (oil) with the mentality that the recession will last longer than thought. The hoped for 2009 turn around in the world economy is now postponed til 2010, so the thinking goes.
But, let's get back to the REAL DEAL- gold coins and or bullion.
As an investor I'm a buyer of a few coins at this level. We will probably see a few more months of a sideway movements (otherwise known as a trading range) before gold looks at that $1,000 level for the third time (3rd time is a charm). When gold passes the $1,000 once more, I expect it to not look back. When will that happen? You tell me. :-)
The yellow dog has been down $45 in the last thirty days and that's a good deal. As Richard Russell reported, "Gold continues to be interesting. A daily chart of gold going back six months shows the 50-day MA is rising and above the rising red 200-day MA. RSI and MACD are in bullish positions, and it remains to be seen whether gold will (once again) try for the "over-one-thousand area. The obvious question is whether gold can rally to break out above the resistance at roughly 1000. This is a potentially very powerful formation, and gold is at an exciting juncture. Hard to believe that this formation won't eventually break out to the upside, but gold is the most emotional of all tradable items."
The Fed does not want to see gold spurt higher, and there's no telling what the Fed might do to halt gold's progress, but, the supreme irony is that the Fed and the government want a lower devalued dollar, but they don't want the world to see what they're doing via surging gold. They can't have it both ways. It's an exciting time! :-)
- Related Videos
- Related Articles
- Ask / Related Q&A
- How to Take Advantage of the Next Gold & Oil Rally
- Gold, oil, and Gas - and what you should be watching for
- Are Gold, Oil and the S&P500;having a Seasonal Pivot Trading Low?
- Peak Oil and the '08 Election
- Seasonal Lows in Gold and Oil!
- Oil / Gold Ratio Going Down
- Where We are Headed: Gold, Usd, Oil
- Gold Resumes Climb
Clean Camera, Clear Capture
By: Felicia luo | 06/11/2009A clean digital camera not only looks better outside, it also work better inside, giving us superior enjoyment.
Clean Camera, Clear Capture
By: Felicia luo | 06/11/2009A clean digital camera not only looks better outside, it also work better inside, giving us superior enjoyment.
Clean Camera, Clear Capture
By: Felicia luo | 06/11/2009A clean digital camera not only looks better outside, it also work better inside, giving us superior enjoyment.
Help to Save Your Local Post Office
By: Aaron Kurszewski | 04/11/2009The USPS is considering closing many post offices in order to cut costs. These local post offices provide a valuable service that we all take for granted. If we all make an effort to get back to writing more letters, sending more printed cards and sending packages via the USPS, we may be able to prevent the closure of some locations and save jobs for these dedicated workers.
Buffing Hardwood Floors
By: Yvonne Corilla | 04/11/2009Over time, hardwood floors lose their shine regardless of how often they are swept clean and waxed shiny. However, just because your flooring has lost its shine and has a few nicks and scratches here and there does not mean you should completely get rid of the whole flooring and replace it with a new one. This option would be rather expensive and most of the time unnecessary.
Gold Rockets Towards $1,100
By: Ernie Fitzpatrick | 03/11/2009Just when you thought gold was going to top out at $1,000 and many were proclaiming it would head south to $550-$750, along comes India to the rescue.
Interest Rates Raised In Australia By 0.25% Today!
By: James Tame | 03/11/2009Today the reserve bank of Australia has raised the interest rates in Australia by 0.25% which places a significant burden on already tight budgets of many families with mortgages of $200,000 and over. This interest rise may appear small, 0.25 does not sound like a lot but if you work this out it actually ads a fair bit of a difference to the budget. Most families are already having to work overtime and stretch their budgets in this economic crisis and the Government feels that it's time to start
The Automotive Industry Affects Many
By: Bryon Zirker | 02/11/2009In order to build a car you first need to build the components. But before you can manufacture the components, you need
Animal House
By: Ernie Fitzpatrick | 08/11/2009 | PoliticsNow that the House has passed the national health care reform, we move on to the much smaller chamber- the Senate.
In The Image Of God
By: Ernie Fitzpatrick | 08/11/2009 | ReligionAre we or are we not the children of God? Were we created in the image of God or someone else? Are these serious questions that need answers?
Forget "Read-Only"
By: Ernie Fitzpatrick | 08/11/2009 | SpiritualityWe have more power than we imagine, we have more ability than we're using, and when we finally awaken to that reality, the world will greatly change. Could that happen by 2012?
Revisiting Luke 23:34
By: Ernie Fitzpatrick | 08/11/2009 | ReligionHow many things do we embrace that are neither true nor valid, but in reality, the product of centuries of mis-perceptions?
A View From Heaven?
By: Ernie Fitzpatrick | 07/11/2009 | MysticismIs there some way that we can discover how it was that such ancient cultures acquired the information they did about our universe that we're just now discovering?
Full Speed Ahead
By: Ernie Fitzpatrick | 06/11/2009 | CultureWhere are we going as a society because wherever that is, we as individuals will surely see similar landscapes.
Manipulating God?
By: Ernie Fitzpatrick | 04/11/2009 | ReligionWhat can one reasonably expect from God? How much can one ask for the Creator of all things to do? Do you really want to know?