Gold Cycle Update

By: readtheticker | Wed, Jul 13, 2011
Print Email

Gold climbs on US dollar sell offs and sovereign debt issues. Folks on the web say gold will not sell off in the same way silver did stating that gold is now a currency and not a commodity. FLASH news, gold is a commodity and one day very soon those that own it in huge quantities will sell a portion of it just to shake the retail investors out of their positions, so they can buy more.

And you can bet, when it does sell off the folks on the web will refer to gold as a 'commodity' and 'sell off' is what commodities do! We caution the reader as to the history of gold is that it is a commodity and the gold chart is well represented with 'sell offs'.

The last gold sell off was in 2008 on the financial crisis news, currently stocks are topping out and if stocks are 'allowed to fall' then gold will suffer contagion selling. But until further notice gold ETF is in a very powerful trend, with buyers coming back for more on every pull back.

gold Chart
Larger Image

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/