I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, January 28, 2011


I hate talking about Gold when it is breaking out. When it is frothy and the momentum players are screaming, that is when I ignore the market.

However, when everybody is calling a top, that is when I start to get happy and take notice.

I am a Gold investor. If you want to understand why, read these: http://marketthoughtsandanalysis.blogspot.com/search/label/Gold. And because I am an investor, I have no interest in 'trading' Gold. Gold is volatile, Gold is emotional, Gold will crush the 'avocados' of momentum players.

So when we have nice pullbacks, then I like to update my charts and to make sure everything is still on track.

Here is the chart I look at to tune out all the noise. Gold bull market still intact? You betcha

Here is my EW count if you are interested.

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