Tuesday, August 29, 2006

Gold (ZGZ6) short term intraday chart

Possible construction of slightly higher gold low. ZGZ6 Contract (CBOT December gold futures) - Fibonacci, intraday chart below (enlarge chart for better view).

Reform on the cards for the IMF

Belgium or India? Which has more clout when it comes to decision making on loans to developing countries and on global economic stability?

Despite India's economy being about twice the size of Belgium's and it having a population of over one billion compared to Belgium's ten million, the European country wields more influence at the International Monetary Fund (IMF).

This is why many think the IMF is ripe for reform - including the IMF itself -source

XAU index Fibonacci chart


intraday gold futures chart

1 comment:

Hugo Denis said...

Interesting blog you have here.

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