Gold and US Dollar Outside Days
On Tuesday (the second price bar from the right side of the graph), gold made a very bullish outside reversal day (to the upside):
Also, on Tuesday (the second price bar from the right side of the graph), the US dollar made a very bearish outside reversal day (to the downside):
**************
Three interviews of Jim Rogers:
"Rogers first made a name for himself with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and partner George Soros founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor’s 500 Index climbed about 50%."
March 17th, 2008
Snapshot From Singapore:
April 8th, 2008
More Pain for the Greenback, and the Failure of the Federal Reserve
August 19th, 2008
Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years
**************
Good 'ol Aubie Baltin includes some good history from the last gold bull market:
21st Century Gold Rush Re-Examined
" ...
Some examples were: Lion Mines – 1975 price $0.07 / 1980 price $380. YES, that’s right it’s not a misprint - you could have bought 10,000 shares of Lion Mines in 1975 for around $700 dollars and if you held on for the whole 5 years until January 1980, you could have netted a total profit of around $3,799,300. Not bad ay!!!!! A few others were Bankeno – 1975 price $1.25 / 1980 price $430; Steep Rock – 1975 price $0.93 / 1980 price $440; Mineral Resources – 1975 price $.60 / 1980 price $415; Azure Resources – 1975 price $0.05 / 1980 price $109. The Majors also performed superbly well, but nothing compared to the Juniors. WARNING: The Juniors, although offering great potential, also contain much greater risk as most of them ended up falling back to zero. So be careful. ... "
Human nature has not changed in 5,000 years or so, so why should it change in the next 5-10? Thus the value of studying history. Gold and the US dollar outside reversal days are important sign posts, gold and silver bullish sign posts
Also, on Tuesday (the second price bar from the right side of the graph), the US dollar made a very bearish outside reversal day (to the downside):
**************
Three interviews of Jim Rogers:
"Rogers first made a name for himself with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and partner George Soros founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor’s 500 Index climbed about 50%."
March 17th, 2008
Snapshot From Singapore:
April 8th, 2008
More Pain for the Greenback, and the Failure of the Federal Reserve
August 19th, 2008
Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years
**************
Good 'ol Aubie Baltin includes some good history from the last gold bull market:
21st Century Gold Rush Re-Examined
" ...
Some examples were: Lion Mines – 1975 price $0.07 / 1980 price $380. YES, that’s right it’s not a misprint - you could have bought 10,000 shares of Lion Mines in 1975 for around $700 dollars and if you held on for the whole 5 years until January 1980, you could have netted a total profit of around $3,799,300. Not bad ay!!!!! A few others were Bankeno – 1975 price $1.25 / 1980 price $430; Steep Rock – 1975 price $0.93 / 1980 price $440; Mineral Resources – 1975 price $.60 / 1980 price $415; Azure Resources – 1975 price $0.05 / 1980 price $109. The Majors also performed superbly well, but nothing compared to the Juniors. WARNING: The Juniors, although offering great potential, also contain much greater risk as most of them ended up falling back to zero. So be careful. ... "
Human nature has not changed in 5,000 years or so, so why should it change in the next 5-10? Thus the value of studying history. Gold and the US dollar outside reversal days are important sign posts, gold and silver bullish sign posts
posted by Bob at Thursday, August 21, 2008
0 Comments:
Post a Comment
<< Home