Z060049's Instablog Z060049 http://seekingalpha.com Short More Euro..Supported By Confirming Evidence In The Gold Market Move. http://seekingalpha.com/instablog/1859941-z060049/653721-short-more-euro-supported-by-confirming-evidence-in-the-gold-market-move?source=feed 653721 Recent market movement and investment ideas

Recently the market is dominated by the fear of Euro falling. I took a look at the recent movement on several products which are related to one single product US dollars.

Last week is an interesting week for the gold market. The gold demand surges suddenly and surpasses the demand for dollar, resulting in an increase in the Gold price. This is interesting because at that point in time the gold is going up when dollar is stale.

My guess is that the recent take down on Euro has hit the gold price hard and leave a lot of gold investors suffering a loss. Those investors or just one or two investors was intending to boost the gold price up so that they can sell the gold at a gold price before the whole market is taken down by Euro.

The price of gold this week has proven my theory. The gold is capped at 1600 and fall down to this level 1550.

I am reckoning this to be a confirmation on the bear Euro and my suggestion is short more Euro this week at level 1.27. To be on the safe side, take as much profit as possible before June election, in case of certain surprises.

Further more, the little rebound on Euro and other Currencies last week I believe is the side effect of people selling dollar for Gold.

]]> Wed, 23 May 2012 07:28:15 -0400 Recent market movement and investment ideas

Recently the market is dominated by the fear of Euro falling. I took a look at the recent movement on several products which are related to one single product US dollars.

Last week is an interesting week for the gold market. The gold demand surges suddenly and surpasses the demand for dollar, resulting in an increase in the Gold price. This is interesting because at that point in time the gold is going up when dollar is stale.

My guess is that the recent take down on Euro has hit the gold price hard and leave a lot of gold investors suffering a loss. Those investors or just one or two investors was intending to boost the gold price up so that they can sell the gold at a gold price before the whole market is taken down by Euro.

The price of gold this week has proven my theory. The gold is capped at 1600 and fall down to this level 1550.

I am reckoning this to be a confirmation on the bear Euro and my suggestion is short more Euro this week at level 1.27. To be on the safe side, take as much profit as possible before June election, in case of certain surprises.

Further more, the little rebound on Euro and other Currencies last week I believe is the side effect of people selling dollar for Gold.

]]> gold Gold Looking Good http://seekingalpha.com/instablog/1859941-z060049/420551-gold-looking-good?source=feed 420551 Hi folks, i've been following gold for sometime now. Gold has been dropped from 1800 to 1600 2 weeks ago and kept being flat ever since.
My personal idea is that this price should be the right price for Gold in absence of speculation activity.
The price touches 1600 on a couple of accassoins last year and drop as low as 1530 due to Christmas fund withdraw.
My opinion is that 1600 provide good support for gold.
I think it will be good to long gold at this moment.
However, I will keep my eyes on the gold when it touches 1800. I don't see there is a big demand change for physical Gold.

]]> Tue, 20 Mar 2012 09:13:37 -0400 Hi folks, i've been following gold for sometime now. Gold has been dropped from 1800 to 1600 2 weeks ago and kept being flat ever since.
My personal idea is that this price should be the right price for Gold in absence of speculation activity.
The price touches 1600 on a couple of accassoins last year and drop as low as 1530 due to Christmas fund withdraw.
My opinion is that 1600 provide good support for gold.
I think it will be good to long gold at this moment.
However, I will keep my eyes on the gold when it touches 1800. I don't see there is a big demand change for physical Gold.

]]> gold Gold long support