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Where to Gold?

 

In view of the decision by the US to lift the debt ceiling further, the question has to be asked as to what the long term implications for Gold are from a fundamental view point and technically what are the charts showing us. Take a look at the chart below..

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The Inflection Point: Why the U.S. Dollar is Ready to Rebound -By Jack Barnes

For most of the past year, anything involving the U.S. dollar has been what traders like to refer to as a "one-way trade."

And with good reason: Over the past year, the U.S. currency has traded in only one direction - down.

Indeed, during the period in question the dollar is down 8.3% against the British pound, 11.65% against European euro and 14.2% against the Japanese yen. On a year-over-year basis, the biggest gains against the dollar have been notched by the Australian dollar (20%) and the Swiss franc (26.7%).

This freefall by the greenback is part of the reason that gold and silver soared to new records and commodity prices have zoomed during the past year (before their decline in the past week).

But here's the thing: This nosedive by the dollar is ending - with a U-turn that's going to send the U.S. currency into a zooming climb.

Traders refer to this abrupt reversal-of-fortune pattern as an "inflection point."

And those traders recognize this about-face in the U.S. dollar for exactly what it is: A windfall profit opportunity for investors who understand just how to play it.

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The Wave Principle: Where The Rubber Hits The Road By Nico Isaac

You could be to technical analysis what tweens are to texting, and it wouldn't make a lick of difference: You still wouldn't necessarily be trading at your fullest potential. The reason being: Without Elliott wave in your technical analysis toolbox, it's like looking at the world of opportunity through a narrow keyhole and ultimately missing the big picture.

The Wave Principle can help you unlock that door. Teaching you how to do it is the goal of the latest free educational report from our Club EWI resource center, titled "How the Wave Principle Can Improve Your Trading." In this six-page article, our editorial staff reveals these (and many more) ways in which the wave model makes up for the ways ordinary technical methods fall short:

  • Technical studies can get you on board a trend, but the Wave Principe can say specifically at which point that trend has failed -- namely, when prices violate critical support or resistance levels in your price charts.
  • Technical studies can identify the direction of a trend, but the Wave Principle can determine how high prices will rally or how low they will fall.
  • Technical studies can recognize the strength of a trend, but the Wave Principle can discern the maturity of one; when it's time to take profits or raise protective stops.
  • Technical studies can recognize the strength of a trend, but the Wave Principle can discern the maturity of one; when it's time to take profits or raise protective stops
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How To Recognize a Financial Mania When You're Smack Dab in the Middle of One

By Susan C. Walker, Elliott Wave International
November 12, 2007

When you're caught in the middle of a bad storm, you don't really care whether it's a tropical depression or a full-strength hurricane. You just know you're hanging on for dear life. The same idea applies to financial markets. When a market is trending up strongly, it's hard to tell whether it's just a bull market or a more dangerous financial mania.

The recent tremendous ride up for global and U.S. financial markets, including the Dow, looks and feels more like a mania than a mere bull, says Elliott Wave International analyst Peter Kendall. This distinction is important to recognize in the rising stage, because manias always result in a crash that takes them back beneath their starting point.

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Beat the Stock Market by Following Five Simple Rules by Keith Fitzgerald

Most investors operate on some variation of the "set it and forget it strategy."

And that's why - more often than not - they're surprised by the terrible things that happen to their money when the stock market stumbles.

But it doesn't have to be that way.

Studies show you can dramatically boost your performance and potentially beat the stock market by following five simple rules.

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