"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, April 1, 2010

Gold

Gold meanwhile, might just say 'screw this, I am outta here' and put the lie to any would-be inflation-fueled bull market just as it has done since 2000. Gold proxy GLD attempts to break another fan line.

The beauty of markets is that you can play it any way your opponent wishes to play it. There are tools for nearly every situation, except maybe the 'Dow to zero' stuff going around out there. The only tool needed then would be a shovel... oh and maybe a gun.