Looks Like Gold Bull Market Is Wanting To Reassert Itself
The gold chart below
is clearly in a bull trend is bouncing up off rising trendline (Note
most recent new high)
Unfortunately, this is not "good" news (for the US stock market).
Don't like the action of the US Dollar, and don't like the fact that
the US dollar (and US economy) is now extremely vulnerable to capital
withdrawal (Note that 70% of Direct Foreign Investment in the USA is
now in the form of "fickle" money.
I think we may be facing a US Market Crash. Note the falling volume
on rising prices in the Dow Jones, and note how the Dow is now coming
to the Apex of a triangle.
Could be any time in the
next few months.
Australia, July 4 th 2004.