Weekend Update

Dear readers,

Running this blog since late 2005 I have tried to cover many different subjects which all relate to gold. From weight and purity, through science and forex, to central banks and derivatives- Many different topics are covered.

However, Gold is a basic economic element and as such is affected and influenced by so many factors. This is why I have constantly linked to other information sources which I believe gold investors and traders will find interesting.

For general Economy and Investment issues I strongly recommend Bill Cara and Mish analysis, excellent blogs that will give you a broad and interesting view of what is going on in the markets.

In times I have been more positive in other times negative or natural. I have been wrong in my prediction more then once. Always take my analysis with a grain of salt; nobody can get it right all the time.

One of the most important issues in trading is time frame. I have posted all kind of gold charts, from one minute charts to long term monthly charts. Sometimes I tend to post intraday analysis which anyone who doesn’t day trade should discount. The point is: Always take my analysis with the context of the time frame related.

Currently I see that gold is higher then Friday high which means that the latest intraday Elliott wave count might be close to completion but it isn't there yet.

Stay tuned.