GOLD 0.51% $1,391.7 gold futures

colin twiggs

  1. 802 Posts.
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    Lots of great stuff here on his free report:

    "With low interest rates and low inflation, downward pressure on the dollar is limited; and upward pressure on gold. Demand for gold is a bet on continued growth in government debt fueling rising inflation, but the alternative scenario of low growth and higher taxes is just as likely."

    "The Market Vectors Gold Miners Index [GDX] completed a broadening wedge (continuation) pattern, offering a target of the 2008 high at $56 (the calculated target is $58*). My only concern is the bearish divergence on Twiggs Money Flow (13-week) which warns of a reversal. These signals are often early, but should not be ignored. Reversal below 50 would strengthen the warning."

    http://www.incrediblecharts.com/tradingdiary/trading_diary.php
 
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