Gold: The Eldorado Salmon

Aug. 08, 2012 12:44 PM ET
Master Che profile picture
Master Che's Blog
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Contributor Since 2009

I developed my own trading system, based on magnetism (physics) and velocity vectors...I find the center of the compression, and factor time with volume which determines the outward velocity vector (linear expansion) thereby predicting price and time. I have a market update service I've been in the markets since 1984 mc_trading@aol.com

8/8/12

12:42EST

Gold: (December)

Currently Gold is within a dilemma; meaning according to what factor moves it up or down. In light the recent departure of big bucks in the Bond market; a portion of these funds should find it's way into the gold market; in order to insure the risk (long equities)

Gold should swim upstream (against the current - with the dollar) as such I'm looking for it to 1650ish, but that's a bit far away, currently the price reaction at 1610.10 or 1620.90 will indicate if gold becomes a eldorado salmon or not.

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