Gold made an ABCD against previously posted bearish area.

And I'm looking for 1750 with no pullbacks!

Not ES 1750, SPY 1750!

Now I'm 99.99% sure this is all it will check back and it will head up now. This is based on a new proprietary idea I've had for awhile.

I just mean in the very short-term with this little leg here. It will never see 83.25 in the immediate future. Let's see.

rofl

Originally posted by jimkane

Not ES 1750, SPY 1750!

I'm a funny guy...

Originally posted by rat89

rofl

Originally posted by jimkane

Not ES 1750, SPY 1750!

They look rested enough for another leg now.

No way this drops at all here.

This will not see 83.25 in this push down here, based on 'the theory'.

And this is the person soon to be in charge of the entire world. And our money. And our lives. Unreal.

http://www.theburningplatform.com/2013/10/10/quotes-of-the-day-502/

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