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John Lounsbury
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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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Global Economic Intersection
  • Gold And The Dollar: Proposed Buy And Sell Signals  3 comments
    May 26, 2012 11:52 AM | about stocks: GLD, UUP, UDN, GDX

    The5 Min. Forecast offered a provocative graphic Monday, 21 May 2012. The following suggests that there are good timing signals for both gold and the dollar based on swings in the 60-day volatility.

    Click on graph for larger image.

    This deserves some closer examination. I will return with some analysis later.

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

    Themes: Gold, U.S. Dollar, volatility Stocks: GLD, UUP, UDN, GDX
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Comments (3)
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  • Interesting (inverse) correlation John. 2009 excepted.
    Looks like dollar has plenty to go up - and gold more to drop as USD strengthens
    thanks
    25 May 2012, 01:47 PM Reply Like
  • The gold currency index at prometheus market insight predicted the recent long-term breakdown in gold:

     

    http://seekingalpha.co...

     

    The dollar has broken out of a bullish cup-and-handle and looks to gain further:

     

    http://seekingalpha.co...

     

    So it looks like the gold correction may not be over yet. If we are heading into recession gold should take a deflation hit along with everything else that has had a speculative runup. Deflation and then inflation later this decade. The rest of 2012 could be very interesting.
    16 Jun 2012, 03:53 PM Reply Like
  • Author’s reply » Jacobco - - -

     

    Good observations.

     

    And Prometheus is an excellent analysis source. We post his daily feed everyday at Global Economic Intersection.

     

    I am starting some serious work to cover the use of gold in portolio management and how some possible tactical strategies work (timing). I will get some summaries of that posted here over the summer.
    16 Jun 2012, 04:06 PM Reply Like
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