Thursday, June 08, 2006

Spot Gold Weekly chart , Global Crash

I observe Global crash environmental conditions, targeted liquidity shocks, plague symptoms. This is an ongoing global market game of crash and enlarged cash piles lost in the dark, .New banking regulations and waves of bankruptcies might soon follow. Raise liquid cash and be sure to have some physical gold. Buying opportunities will soon pop all around. Elliott Wave International just released a timely on going Crash Course; see also Conquer the Crash by Bob Prechter (EWI founder) - Excellent composition which is easy and highly educating. This is a must read book for most people.

Related : To melt or not to melt: That's the coin question...

Here is Spot Gold weekly chart with Fibonacci retracement lines and Uptrend support:

Spot Gold Weekly chart

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