Gold made an ABCD against previously posted bearish area.

Solid unemployment report. Economy doing good. Always improving. If the economies are improving so much, how come over six years since the housing top we are still printing an extra $1 trillion+ a year, ready to move to perhaps $2 trillion?

The ES sure looks ready to continue this move up. Sure, it may come under pressure, especially because of how much they like better prices in the AM, but it may be making its move now, too. I'm just pointing out that it sure looks set up to move right from here.

I might be on this long side for awhile.

Yep, this one may be quite the long ride (pun intended?).

A long, long time. I can just feel it.

I'm not sure how late I want to stay up watching this grind, but it does still look like an all night grinder coming. I'd say at least another 10 points from here? In reality (yeah, how many years since we've had that?) it should be done in here.

Duane, the cable may be react off the area you indicated I think.
I have also a lower area in case they play games around TL.

Looks like I may be up awhile. That's good, but very tedious and tiring...

Interesting.

http://armstrongeconomics.com/2013/10/10/deflation-inflation-stagflation/

I don't follow USDJPY that much, but now when the bearish ABCD failed, I think it may go to KZ (above 98.00) but I don't have a lot of lines there.
Now it's struggling with downsloping TL.

Originally posted by Duane

Marcin, another leg down in USDJPY to .886?

Click image for original size

Interesting article, but I'm mostly posting it as a reference for this one quote.

"Iceland went through a similar deflationary event to that risked in the US today when its banking system collapsed and the currency halved overnight."

Now, wait, during a deflation their currency got cut in half? No, hold up, wait, all I've ever heard is that during a deflation cash is king, it's super rare, and its buying power increases. Yeah, uh-huh, that's what really happens in the real world. My money gets me more stuff. Uh-huh. Deflation and less buying power. Makes sense.

http://www.zerohedge.com/news/2013-10-12/gold-debt-ceiling-and-fed