JUNE GOLD TECH: June gold is reaching a balancing point based off the 2x1. This extremely common trend into record level highs is curious to say the least. 10% of the speed has done well to channel this market. If the Gold can pick up speed and move above the 2x1, one would have to assume this will be a climatic bull run resulting in a capitulation high.
Russia, China and Bolivia have put their money were their mouth is and have loaded the physical Gold. They must not be in the believer camp that U.S. will unwind and reign in the trillions put out into the market any time soon.
The news talks about the speculation in the energies and metal markets everyday, but fail to realize that it has been tame relative to the stock indexes.
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View my different blogs as there many intraday posting that aren't on the main web site.
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W. D. Gann Blog -- http://wdgannmatrix.blogspot.com/
Soybeans Blog -- http://soylive.blogspot.com/
Commitment of Traders Blog -- http://cotlive.blogspot.com/
Beans COT -- http://www.cotlive.com/COT/commodities/s1.htm
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View my different blogs as there many intraday posting that aren't on the main web site.
-------
W. D. Gann Blog -- http://wdgannmatrix.blogspot.com/
Soybeans Blog -- http://soylive.blogspot.com/
Commitment of Traders Blog -- http://cotlive.blogspot.com/
Beans COT -- http://www.cotlive.com/COT/commodities/s1.htm
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