Courtesy of Read the Ticker
Everything awesome? Gold over $1500. Central banks are printing money to generate fake demand. Germany issues first ever 30 year bond with negative interest rate. Crazy times!
Even Australia and New Zealand and considering negative interest rates and printing money, you know a bunch of lowly populated islands in the South Pacific with no aircraft carriers or nuclear weapons. They will need to do this to suppress their currency as they are export nations, as they need foreign currency to pay for foreign loans. But what is next, maybe Fiji will start printing their dollar.
Now for a laugh, this Jason Pollock sold for more than $32M in 2012.
Ok, now call Dan Oliver a nut for his target of $3,000 USD gold.
Gold latest Gann Angle chart.
Click for popup. Clear your browser cache if image is not showing.
Gold CTFC situation. Notice extreme open interest has been a reversal signal. Watch out for a pullback.
Click for popup. Clear your browser cache if image is not showing.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
.."Money cannot consistently be made trading every day or every week during the year"..
Jesse Livermore Trading Rule
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."…
Paul Tudor Jones
