Hi Trades,
Thanks !!!
I became "uneasy" with Gold when it was hanging at 1500 to 1550 and figured it was more likely to pull back.
Then in early July it started "marching up" and I figured "well, any day now ..." and left it alone. But, your comments and chart are pretty clear !!! I was "blaming" the on-going debt crap for it's rise and figured as soon as there was a sign of resolution Gold would drop like a rock and Dx start back up Never expected things to drag out to the 11th hour either !!!
But that jump up today, after the debt resolution really surprised me.
Seems now the "worry wall" is a slowing economy and maybe double dip recession !!! So, what you indicate on/with the chart may well come to pass !!!
I'm still following the Ng market (learning process, not to "make money" at moment) but has been interesting. One day that market will become a "money maker". I think the Ng market trades heavily on "fundamentals" and is "huge and complicated" until the "speculators" dive in there.
Have you been paying attention to the LNG and the transport shipping GLNG ???
Keep in touch,
Thanks, Lee