120928黄金价格磁吸TheGoldenPriceMagnets.docVIP

The Golden Price Magnets黃金價格磁吸 Morris Hubbartt Weekly Market Update Excerpt posted Sep 28, 2012 US Dollar Bear Flag Chart The dollar has hit my initial downside target. To ascertain what’s next, I use three important charts to create a financial roadmap. The 80.50 area is important to my timeline analysis, which suggests this move higher is only a countertrend “pop”. It’s not a game changer. The projected right shoulder of an hs top is taking shape, as a bear flag. This pattern suggests a quick resumption of the dollar’s downtrend. It also implies that my $2015 target price for gold could be acquired by November. US Dollar Sell Signal Chart The dollars long term risk is demonstrated by this weekly chart. Whereas the dollar is oversold on the daily chart, this powerful weekly chart indicates an immense move lower is just beginning. My experience with these types of situations is that placing your bets on the picture portrayed by the weekly chart, is the best course of action. US Dollar Pillars Of Blood Chart This is a 20 year monthly chart. A major price breakdown has already taken place. It demonstrates the importance of the 80.50 area. After a small move sideways or slightly higher, downward pressure should once again dominate the dollar’s movement. Note the dotted black lines that I’ve highlighted. I believe the downtrend is already underway, and any rally will be limited to the confines of this bearish channel. Gold $2015 Magnet Chart My work continues to forecast gold will rise to $1850 in the short term. From there, I am projecting a pause, and then a powerful move should take gold to $2015 by mid-November. My working model projects only light pullbacks will occur, before gold acquires $2015. I don’t think you need to worry about anything more than a 5% drawdown. Once new highs are achieved in the $2015 area, I am projecting a much deeper correction. At this moment, all my intermediate term technical indicators are showing green lights for g