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Message: Re: the last-Max

Sep 29, 2011 02:55PM

Sep 29, 2011 03:06PM

kim
Sep 29, 2011 03:11PM

Sep 29, 2011 03:54PM

Sep 30, 2011 07:13AM

Gold is near trendline and 200d MA support - so unless it breaks down like the other commodities, it could be a good bet. At the very least it should bounce from here.

Sept can be a scary month. Certainly this Sept fits the bill. When this is the case, October is often when an important bottom is made. The problem is we don't know from what level - and right now, there are no technical signs of a bottom yet. Canadian dollar is weak simply because it's a commodity currency much like the Aussie dollar. I think the loonie might bottom around .93-.94 (last year's low). Everything else seems to be going there, too.

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