by Ramki | Apr 27, 2009 | Gold
Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge...
by Ramki | Dec 24, 2008 | Gold
Yesterday someone told me that he has been long Gold and is very happy. I remembered that sometime back I had posted an update saying that Gold will eventually move below $650. I am now saying that we will go even lower, perhaps to $560-580. How do we profit from...
by Ramki | Oct 23, 2008 | Gold
A couple of days ago, I tempered my bearish view on Gold by presenting a 30-minute chart. The sideways movement appeared to me as the beginning stages of a complex correction. Unfortunately, while the correction was “complex” in text-book terms, it didn’t quite...
by Ramki | Oct 20, 2008 | Gold
Well, well. The decline in Gold from $931 down to $771 was quite a surprise to many traders, but you were forewarned of the impending sell-off. However, we are now faced with a situation. The speed of the decline is making me a bit nervous about staying short....
by Ramki | Oct 12, 2008 | Gold
Sometimes we celebrate too soon. I could be faulted for that vanity quite soon. But the signs are all there. A recovery to very near the resistance at $940 followed by a $90 drop in a single session can only suggest that (a) there are no fresh buyers out there and (b)...
by Ramki | Oct 8, 2008 | Gold
Quite a few investors and traders whom I know have been betting big on Gold. For them, this post should should serve as an early warning of what is to come. Once the current strength wanes, the metal will simply fall off a cliff. The sell-off will be both swift and...
