gold & that 'no news' tape

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    Accumulation leads to mark-up in all markets. The Asian/Islamic accumulation spanned 1996 to the present. The mark-up phase has begun. This is the Big One! Yes, after mark-up comes distribution but this time it might NOT be into any market. Remember what I just told you because this is all I can reveal at this time.

    As most of you already know, this phase is not dependent upon the state of the US dollar even though the onset of a serious bearish reaction to the long equity rally and the dollar weakness has put some added fire under this up move.

    Gold’s rise has nothing to do with the old gang in the Gold Community. And in fact there is really nothing the Gold Cartel or the Exchange Stabilization Fund (ESF) can do to outsize the underlying demand for gold that has the $430 level clearly in its sights. I may have to visit Asia in November but if I do please understand it’s in your best interest.

    There is a reason behind the timing of this move in gold that will escape most Western observers. It is a hard one for me to explain because I’m walking on egg shells on this issue.

    You may notice that there is a complete media blackout - except for a small quotation that fits Western PR interests - on the recently authenticated Osama bin Laden tape released by the Qatar-based satellite station Al-Jazeera, the Arab version of CNN.

    The reason why gold is rising and the dollar is falling into new low territory is contained in that tape. That again is all I can really say as an American in light of our new constitution, Patriot 2.

    All the Gold Community needs to do to support gold is absolutely nothing. Sales into strength never hurt a situation including gold. Isn’t it crystal clear now that you buy anything gold on weakness TA correct and you sell anything gold TA correct? By doing that, you will simply build profit after profit!

    Those wishing to sell should do so into strength on the overbought side of Power Up channels. Anyone that won’t devote an hour to learning basic TA based on my efforts on this site, does not deserver to make profits.

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