Recent content by 55mph

900? that's interesting. 680? when pigs fly... :lol: imho we'll see 1,500 this year. plan for it.

suji, first i want to thank you for your posts and technical insight. i´m not much of day trader but your intermediate term calls have been very helpful. well, we essentially hit your 74 target for the US dollar index and we are now in rally mode. do you have an upside intermediate term...

suji, ignore the index question. i just read your gold chart and saw the reference to 74. :yawn: , is gold up again?

suji, are we still targeting the US dollar index to 74?

Gold 1050 cat's out of the bag.

we got a US $ close below 79.50. the black line counts down to 75.5 is this still a viable scenario?

for the moment, it seems the US dollar holds the key to the stock markets and precious metals. technicians are watching the 78.3 to 78.5 level on the US dollar index for support or a break down. opinions?

if the blue line on the US dollar chart is the 'promising' trend, that would indicate gold goes lower? gold is typically inverse to the dollar. sorry for the questions. trying to correctly interpret your commentary. thanks!

suji, you wrote 'bull season next 3 to 4 weeks'. translated: the next 3 to 4 weeks are bullish or we need to wait 3 to 4 weeks for the bull season to begin? thanks!!

yes suji, congratulations! it has been a great learning experience for me too. and special thanks to Rodin for his charts.

fasten your seat belts folks.

nice work suji! according to the CFTC reports friday, the commercials are short Gold 3.2 to 1. it will be interesting to see how Gold reponds to Admadinejad's bizaar re-election and North Korea's threat to arm the nuclear bombs.

the $ strength is a head fake. every percentage point cost the US government significantly more money in interest expense. the 960 holders are gone. the market makers see the limit orders we don't. prepare to get whip sawed.

what a day for Gold and Silver. the tree's been shaken. we didn't see a major technical violation. that's encouraging. if you can figure out the US dollar's action, you've got an edge trading gold and oil.

bingo! 974.70 the US dollar took a nice hit overnight. 1200, here we come.