LJ

Why Gold is Likely to Keep Moving Higher

Gold has industrial uses. Integrated circuits and MMIC's are metalized with gold before final assembly of the package. Superconducting materials are made with gold alloys. In many industrial applications, silver cannot replace gold because of the following reasons: 1) gold has a much higher melting point; and 2) gold never forms any oxide when subjected to heat.

Gold's Just Getting Started - Barron's Interview

If my observation is correct, the so-called dollar strength comes from the weakness of Yen and Swiss Franc. A picture is worth a thousand words:

tinyurl.com/25p7j5

On the other hand, the stock bubble is being fueled by yen carry trades:

tinyurl.com/24kbqx

Why Commodities Are Likely to Struggle in 2008

Are you saying that all those who are long commodities are speculators and those who are short commodities are good guys?

How about those central banks determined to dump dollars and buy gold? What about the country whose gold reserve holding was up by 2.8% in the 1st quarter?

Don't forget that the commodity prices suddenly dropped right at the time of the interest rate announcement. The US has been running into platinum deficit for many years. Do you think the collapse of this so-called "commodity bubble" will end you up with more platinum?

Burst Bubble? Commodities' Long-Term Story Remains Intact

The commodities market experienced a similar correction in June 2006. During that time, Goldman flooded the market with $6 billion worth oil futures (i.e. paper oil), pushing down the oil price from $70/barrel to $48/barrel.

A Warning for U.S. Dollar Bears and Commodity Bulls

Right now, not many people in Europe and Asia accept dollars. In Russia, oil and other natural resources are being priced in Russian Ruble. We cannot just listen to a few Wall Street Crooks or PBOC in China.

Commoditizing the 'Decoupling Theory'

Also, according to the following article, the interbank lending rates in Asia remains low. There is no sign of liquidity crunch in the Asian economy:

news.google.com/news/u...

Most Commodities Currently Overbought, Led By Gold

I think you are wasting your time to use your TA to analyze platinum. There simply isn't enough platinum available.

If you said tofu is overbought, then I won't argue with you.