hisah wrote:hisah wrote:dave.kim wrote:hisah wrote:Quote:Gold. The approximately 320,000 shares of GLD that Soros owned at the end of April had become about 880,000 by the end of June, representing a large increase in his exposure to gold.
finally gold breaks out of the falling trendline on the weekly triangle. Long for long term. This will be my make or break
My system has been triggered on the long side. I was looking for a break of $1640 and $28.40 for gold and silver respectively. Heavy trades are on silver. I see it rallying than gold. SL @ breakeven since momentum is weak for now. Be on the look out for EURUSD. It needs to hold 1.25. This is a strong selling zone.
Time to buy gold under $1700 is running out... Gold under $1700 handle buy window is now closed. $1820 then $1920 targeted then $2000+
XAU/EUR - Just a few euros away from the looming breakout. The breakout is going to crimp the euro badly. September 12 looms. Stay tuned for a breakdown or a QE announcement.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!