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Gold Resuming Long-Term Up Trend? by Carl Swenlin On the weekly chart below, we can see that, after making a new, all-time high back in August of 2011, gold went into a correction/consolidation mode, ultimately forming a descending triangle. While this formation suggests lower prices (the flat line is the weakest), price broke up through […]
Thanks at least partly to contrary investing legend Gordon “Goldfinger” Brown, who sold 395 tons (60%) of the UK’s gold reserves between 1999 and 2002 for a whopping average price of $275 per pound (Wikipedia), central banks have been known as contrary indicators on gold. With the masters of the universe now beginning to load […]
by Carl Swenlin On April 27 I wrote an article titled, Gold At A Decision Point, wherein I observed conditionally that things looked favorable for the start of another leg up. Since then, the technical picture has improved slightly, but it still feels like a struggle. (This is a recent excerpt from the blog for Decision […]
By Carl Swenlin Whenever possible it is best to look at a price index in the long-, medium-, and short-term time frames. For me that means analyzing monthly, weekly, and daily bar charts. ————————– (This is an excerpt from the October 21, 2011 blog for Decision Point subscribers.) Click here for FREE TRIAL! ————————— First, […]
by Carl Swenlin In the last month or so gold has formed a double top that could be the start of a much needed correction for the metal. Specifically the chart below shows an Adam & Eve double top. The first top is sharp and spiky, and the second is more rounded, depicting a labored […]
Is Gold a Sure Thing? by Carl Swenlin, President and Founder, DecisionPoint.com With global politicians (and a great many of their constituents) unable to come to grips with impossible levels of debt and spending, it seems that gold is an easy and certain way to hedge against the disaster that seems unavoidable. The logic seems perfect, […]
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