Gary Tanashian

Micromanaging the Price of Gold

I for one do and always have. Which is exactly why I sleep tight through all the price gyration. Ho hum when it comes to the ancient relic of value.


On Jul 15 02:51 PM DONE_SONZ wrote:

> If charts were so reliable,then everyone would be rich.Trust fundamentals
> over charts.

Micromanaging the Price of Gold

That is a great observation diewur. But I think the idea that gold will grind and consolidate over the next few months meshes well with your theory. Perhaps even touching the rising trend line however briefly. This could be the mother of all consolidations and at whatever point it decides to terminate, the upside is going to be historic. There were consolidations before the last two impulses and this is a time of building pressure.

But then again, I don't micromanage the price of gold. :-)


On Jul 15 12:56 PM dieuwer wrote:

> For gold and silver I like to use a "seasonal" investment approach:
>
> if you look at the charts posted above, you will notice that gold,
> but more so silver, have an impulsive move UP at the end of the odd
> year ending during the first half of the next (even) year.
>
> Start of impulse: Jul 03, Jul 05, Jul 07; Tops: Jan 04, May 06, Mar
> 08.
>
> Therefore, I think the odds are very high we will see the start of
> an impulse NOW, with a top during the first half of 2010.

Gold, Copper and Silver Offer Conflicting Signals

Hi David, the general zone I am looking at is the 610-615 area defined by the lows of Aug. and the late Sept. high. Of major significance is that this area corresponds w/ a potential sym-tri breakout zone. It will not be easy for gold to just glide right thru there, but if it makes it, I would expect some upside fireworks as the momo's notice. Regards, Gary