An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"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
Friday, May 11, 2012
Au's Triangle Updated
I know, I said I was going to move on but I think it is significant that yesterday gold rose to kiss the trend line and this morning it is down again. The Triangle is not the final parameter for a bullish gold case but it does not help that it is breaking down.
Okay, now we move on from the micro management of gold's nominal price as there are more important issues in play like its relationship to other assets with respect to the macro economic backdrop.