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Antonio Carradinha
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I'm graduated in Economics and Finance and have worked as a business consultant, specialized in company valuation. I have been an investor and trader for a couple of decades and Portfolio Manager on several situations, investing mainly in Commodities, Forex and US Stocks. Since I'm retired now I... More
My blog:
Meu Caro Dinheiro (My Dear Money)
  • Gold Remains Weak 0 comments
    Jan 15, 2013 5:05 AM | about stocks: GLD

    Take a look at the chart of Gold in euros to see that prices are below EMA50 and both of them are also below EMA200 which is now bearish for Gold. Never mind that its price is dealt in USD because the problem is another sign of weakness. It must be emphasized that though all the fundamentals naturally remain we have to observe carefully the position of EMA50 and 200 in USD, as they are also very close of each other.

    Chart courtesy of http://stockcharts.com
    click chart to enlarge

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GLD
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