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FOREX TRADE ALERT for US DOLLAR INDEX, GOLD, SILVER, CRUDE OIL


FOREX TRADE ALERT for US DOLLAR INDEX, GOLD, SILVER, CRUDE OIL.

FOREX TRADE ALERT for US DOLLAR INDEX

FOREX TRADE ALERT for GOLD.

Rising bond yields, rising gold and silver prices, rising crude, and a falling US Dollar index warn of inflation ahead. The anomaly is that we presently enjoy falling prices (deflation) caused by the global credit contraction. But steps taken to stabilize the financial system will lead to either massive instability or inflation – with the latter being the inevitable choice. The difficulty is in timing the switch from one strategy to the other. Perfect timing is as difficult to achieve as stepping from one moving train to another traveling in the opposite direction. A simpler approach would be to shift gradually over time, phased in a number of small steps.

GOLD

Spot gold is accelerating towards watershed resistance at $1000. Breakout followed by confirmation of the new support level would signal a primary advance with a target of $1130, calculated as 1000 + ( 1000 – 870 ). Respect of resistance, or a false break that reverses below $1000, however, would warn of another test of primary support at $870.

SILVER

Spot silver continues in a strong primary up-trend – an encouraging sign for gold. The target of $17.00 is calculated as 14.50 + ( 14.50 – 12.00 ). Reversal below the rising trendline would warn of another test of the new support level at $14.50.

CRUDE OIL

West Texas Crude continues a strong primary advance, warning of rising inflation. The target of $65 has been exceeded and we can expect a correction to test the longer-term [green] trendline. Reversal below the long-term trendline is unlikely, but would signal trend weakness.

US DOLLAR INDEX

The US Dollar Index continues in a strong primary down-trend, also warning of rising inflation. The interim target of 79 has been reached and we can expect a retracement to test the declining trendline. The weakening dollar is a bullish sign for gold.

MORE INFO. ON DOLLAR INDEX.

Dollar Declines as Slump Prompts Nations to Mull Alternative … The Dollar Index, which ICE uses to track the currency’s performance against the euro, yen, pound, Canadian dollar, Swedish krona and Swiss franc, fell 0.5 percent to 78.77. Russian Proposal. Russian President Dmitry Medvedev may … Eur/Usd, Dollar Index: Elliott Wave Analysis – Forex Trading … Eur/Usd, Dollar Index: Elliott Wave Analysis Eur/Usd is trading lower from 1.4049 highs as expected. It seems that the market is forming the first leg of a possible zig-zag correction in red wave IV. We are talking about wave a, … Liberty has never come from Government. Liberty has always come from the subjects of it. The history of liberty is a history of limitations of governmental power, not the increase of it. ~ Woodrow Wilson] 4xGenie Support Team

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One Response to 'FOREX TRADE ALERT for US DOLLAR INDEX, GOLD, SILVER, CRUDE OIL'

  1. Jonathan Livingston - September 5th, 2010 at 12:36 pm

    As we all know, due diligence is a must, especially today, as we are going through an Economic Crisis that boggles the mind as to money supply contraction, rolled over and expanded debt, serious unemployment, everyday consumer price inflation and asset value deflation.

    We need to help each other to research, discover and share all the dealers out there that are manipulative deceivers.

    As you know, there are two major assets to own and hold during such a Crisis. Real Estate and Gold Bullion.

    I have been researching where to buy and hold Gold Bullion, free, clear and unencumbered with full and honest disclosure about all of the negative legal history, massaged financial history, false storage guarantees, poor and/or no audit history, unfair costs, large unearned commissions no disclosed from all of the websites of those who claim that they are solid Gold Bullion Providers.

    Amongst most of those Market Makers, Gold Dealers, Bullion Banks I was shocked most by one website that I found that had such a large litigation history that I could not believe they still existed.

    This entity never discloses this negative history. I assume that is why are still doing business in the Precious Metal’s Sector.

    That Entity is Monex Gold Depository Company located in Newport Beach, CA.

    I compared this to GoldMoney in London, Zurich and HongKong for direct purchases of Gold Bullion. GoldMoney buys directly from Gold Bullion Refiners….not from the major Gold Bullion Banks.

    What a difference between MonexGold and GoldMoney.

    As in any due diligence exploration to assure every best effort has been made so as to preserve our own purchasing power, as a hedge against printed “fiat” paper money, it seems highly probable that Real Estate and Gold are the only “real money” choices.

    Good Due Diligence can dig up a lot of shocking discoveries. Please, invest the time to discover the downsides “out there” by visiting and comparing GoldMoney against MonexGold’s website in Newport Beach, CA.

    What a massive difference in required disclosures and litigation history. Due diligence is a must in this economic environment.

    In these times, stay well and prosper.

    Jonathan


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