Don Coxe's September 2008 Edition of Basic Points can be found at the
Commodity News and Mining Stocks Blog
This monthly report along with Mr. Coxe's weekly webcast is a must for gold and commodity investors.
J
Sunday, September 28, 2008
Saturday, September 27, 2008
weekly charts USD vs Gold
Quick weekly charts of Gold and the US Dollar Index showing RSI, MACD and W%R.
Notice gold's strong technical picture on the weekly chart closing just above the 50 MA.
US Dollar index looking like it is rolling over on all indicators. A full blown roll-over may be confirmed with the RSI-7 falling below 50. The MACD is resembling a tsunami about to break.
Monday's action will be critical in light of the bailout news.
good luck on monday.
J
Thursday, September 25, 2008
Technical Analysis for the GLD
Its been a while but I wanted to post a quick TA on the Streetracks Gold ETF (GLD)
I did some experimentation with Exponential Moving Averages and Fibonacci sequences and noticed some interesting events unfolding. With the US government bailout looming though, it seems impossible to predict which way gold will turn.
enjoy,
J
I did some experimentation with Exponential Moving Averages and Fibonacci sequences and noticed some interesting events unfolding. With the US government bailout looming though, it seems impossible to predict which way gold will turn.
enjoy,
J
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