flower Posted February 19, 2009 Share Posted February 19, 2009 agreed (but--which thread to publish in??!!!) Link to comment Share on other sites More sharing options...
TheFerret Posted February 19, 2009 Share Posted February 19, 2009 Has to be a new thread, if the moderator's allow for it. AUDSPOTGOLD vs LGLDOM. and don't get me wrong I will be trading the stocks also, The GOLD is an investment - the post I made previously in another thread about an investors nightmare and a traders dream does not include physical Gold or Silver. Link to comment Share on other sites More sharing options...
arty Posted February 19, 2009 Author Share Posted February 19, 2009 FCOL and LMAO - don't you know how to create a new thread? It's so easy: goto http://www.sharescene.com/index.php?showforum=20 and click on "New thread" Name it whatever you want. Maybe Admin/ Moderator could even be persuaded to move the last 5 or so contrinbutions from here to there, rather than fill this with irrelevant wotchamacallitz oops - maybe I replied to the wrong'un Link to comment Share on other sites More sharing options...
TheFerret Posted February 19, 2009 Share Posted February 19, 2009 Link to comment Share on other sites More sharing options...
flower Posted February 19, 2009 Share Posted February 19, 2009 Cancel DOM! Will however track GOLD.AX against something to get a percentage.. Enough threads already. Link to comment Share on other sites More sharing options...
TheFerret Posted February 19, 2009 Share Posted February 19, 2009 I look forward to your selection. Link to comment Share on other sites More sharing options...
arty Posted February 20, 2009 Author Share Posted February 20, 2009 resistance? 10-year chart at major Fibonacci leveldaily chart threatening Bearish MACD Divergence Link to comment Share on other sites More sharing options...
flower Posted February 20, 2009 Share Posted February 20, 2009 Currency reversals??? Link to comment Share on other sites More sharing options...
arty Posted February 21, 2009 Author Share Posted February 21, 2009 precisely, flower; That's how conversion rates work: 1537 / 1.1 * 0.9 = 1258 If the AUD gains just 10% on the greenback ("/ 1.1"), the NY gold price only needs to retrace by 10% ( "* 0.9") and Gold in AUD is back to the next-lower Fibonacci level. An each-way change by 20% will even bring us back well below the 261.8% level: 1537 / 1.2 * 0.8 = 1025 Link to comment Share on other sites More sharing options...
flower Posted February 21, 2009 Share Posted February 21, 2009 If the AUD gains just 10% on the greenback ("/ 1.1"), the NY gold price only needs to retrace by 10% . -------------------------------------------------------------------------------------------------- Precisely: BUT: since December 18th we have been treated to an almost unheard of event, ie The USD has RISEN IN TANDEM with Gold in USD. What happens when the AUD gains on the USD, and Gold in USD GAINS instead of retreating? ie the currencies reverse directions but Gold in USD contiunues to RISE? Link to comment Share on other sites More sharing options...
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