Those of you who followed this chart which I posted on 18 Dec, would have made quite a bundle. Those who have made monies, pls click on the Google Link on the right.
The million dollar question is whether it would bounce off 1.5350 and aim for 1.6000 ?
If you want the answer, you got to subscribe.
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I turned on the TV and was shocked to find a BNP global equity economist saying 30% of the world going into Depression.
Well, I have been talking about Kondratieff Winter privately here. Never expect "Depression" to be talked about openly.
Guess there would be more "D" talk, as Equities starts its next descent.
It tooks weeks for Gold to rise from 900 to 1033. It took only yesterday, Gold fell from 1003 to 930. (915 just a while ago).
Probably April is going to be a month of "Depression".
What are your plans for Easter ?
UPDATE:
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Rumours swirling the pits in Europe that there is going to be some coordinated effort by Central Banks to support the Equity Markets. Said to be pushing the commodities down, buying of USD, etc.
One guy from ECU Group says on national TV that the monies would flow back from Commodities into Equitiies.
Good deal, sell my Food (Coffeebeans, soyabeans, wheat, rice) for some paper shares.
Probably, I can munch papaer when I am hungry.
London open, and Gold selling start again.
Selling Gold that they do not hold.
SEC said to be investigating Traders who spread rumours about Bear Stern. As I have written in my previousl post. the "Bear Stern" case is an obvious well planned out deal.
The Subprime, Bank runs are all works of some cartels out there. They would repeat and repeat till the market crawl.
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