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  • EUR/USD Retracing Head-and-Shoulder Surge? [View article]
    I suppose if we were to look at the longer-term trend of the pair the 38.2% line could represent a solid reversal point (and yes, I would say the pair is in a long-term uptrend). I would only caution that idea with the observation that H-n-S formations usually retrace beyond the neckline before changing directions. Take a look at the starting point of the H-n-S ($1.1875) and from that point draw a trendline parallel to the neckline and you could get a decent idea as to a possible downward target should the price continue below that level. This would put the pair near $1.2500 over a longer stretch, which I have to say is a little too low for my likings. However, the 1.28-1.29 region is a reasonable target if the H-n-S bears the fruit I'm expecting.
    - G. Holden
    Feb 8, 2011. 04:38 AM | Likes Like |Link to Comment
  • Gold: Prices Coming Off All-Time High, But Bullish Trend Looks to Continue [View article]
    $2,300 may be far off in the future. But $1,400 looks to be the next target.
    Oct 14, 2010. 05:29 AM | Likes Like |Link to Comment
  • Gold Testing All-Time High, Again [View article]
    Looks like that room to run hit the $1,300 level. Next price target at the big round number of $1,400?
    Sep 27, 2010. 11:20 AM | 1 Like Like |Link to Comment
  • Gold Testing All-Time High, Again [View article]
    There may be some "room" to run past the $1,265 level, but how far will be determined by the risk on, risk off trade. When risk is off, gold should find its legs.
    Sep 2, 2010. 08:03 AM | 2 Likes Like |Link to Comment
  • Contemplating a Second Crash - Through Crude Oil? [View article]
    While it is true that for now the U.S driver is a big force behind Oil demand, China is racing to take the number one spot along with the rest of the developing world. It might actually help stabilize Oil prices longer term as there will be no one major force behind demand and prices will be less affected by a boom or a crash in one specific region.
    Jun 9, 2010. 08:06 AM | 2 Likes Like |Link to Comment
  • Swiss Franc Rallies vs. Euro on Safety Demand [View article]
    The CHF is indeed likely to continue to appreciate as it seems to be the most stable and robust European economy at the moment, particularly as investors become disenchanted with the Euro.
    Jun 9, 2010. 06:05 AM | Likes Like |Link to Comment