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Silver Wheaton Corp. Message Board

  • mess_892 mess_892 Nov 11, 2009 11:50 AM Flag

    The Tide Is Changing...

     

    "A crash - I think that is, in the short term, quite difficult to see because the main problem is a lot of investors are still not in the market, are still very defensively positioned," Beldsnijder told "Worldwide Exchange" in the same segment.
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    • Yes as long as dxy continues to fall the market will rally to my estimate of 11,500 with the dollar then gaining support at the 72 level. From there gold should see a ten percent correction from around 1350 and the market should see probally 15-18percent correction. I do not believe in the W theory but then again this stuff isn't an exact science and anything is possible.

      • 1 Reply to redwings103149
      • Something isn't right.

        The USD index attempted to breakdown through 74.90 three or four times last night after 10 pm. Then at 3am it did it.

        It went down, not for 10 min, 20 mins, 1 hour, it stayed down below 74.90 for almost 2.5 to 3 hours.

        Then it breaks back upward through two of the zones it just broke down through. In my book that is a reversal, upward for the dollar.

        Now, in my years of watching the USD index, that never happens.

        In spite of this gold and silver remain up, rising lockstep with the greenback.

        Rushing back up the way the dollar did wasn't natural, smells of something, I'll let you call it what you want.

        Oil is confirming something is up with the dollar.

        I would be VERY CAUTIOUS with any position being held right now.

        Something isn't right.

        Chemaes

 
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