In this week’s video update: My latest thoughts on the markets, including a closer look at gold and the dollar.
Plus a new way of looking at charts!
Best wishes,
Larry
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{ 17 comments… read them below or add one }
Larry, wow that video was amazing. It’s fantastic be be able to see how you do your technical analysis and I noe have a better understanding as to how you reach your recommendations which I folllow in the real wealth report and the foundation alliance. Blown away by that video, the software is fantastic, well done sir!
John, Ireland
Dear Larry,
Just wanted to say thank you for this video! I have been watching your videos since the Uncommon Wisdom is in the air and can tell you that so far this was the best video I have seen. Please, if possible give us some more of this type of analizis in your videos.
Thank you again and Congratulation!
Regards,
Roland
Thanks Larry for a great explanation. Even I could understand it. You give a LOT of insight.
Sincerely,
Charleen
Larry….
Thanks for this morning’s video analysis on gold. This was VERY helpful to my understanding of your earlier recommendations. I hope you expand on this type of analysis for your other recent recommendations and those in the future. Very well done.
Ted D.
Thought your technical analysis of gold prices was both interesting and informative. Nice to know some of the reasons behind your recommendations.
Larry,
Nice job on the new software. Your comments when illustrated by the daily gold price chart were much more convincing to me than when you write about it more abstractly in Real Wealth. It was very easy for me to see the downside risk and some pending move in gold that you’ve been talking about.
Thanks,
Dave Lominac
Great technical tutorial on the movement of gold, your analysis aligns with other technical indicators that I have been studying. Thank you Larry this was most useful in furthering my understanding of technical analysis.
Kevin
Larry
Excellent chart analysis on gold. Hope to see more of the same.
Larry,
This video update was OUTSTANDING!
Thank you.
Larry,
This was the best explantion of cycles I have seen and your presentation was something I hope to see a lot more of in your UW visdeos. Thank you so very much!!!
Sky
gIG68i Good point. I hadn’t thought about it quite that way.
Larry:
You’re the greatest. Thanks for the effort in showing us the chart patterns – it’s greatly appreciated.
I’ve never been much of a chartist – my dad was president of one of the canadian exchange-traded exploration companies for many years – always went with my gut, which has worked out pretty well.
Any thoughts on the acquisition of West Timmins by Lake Shore Gold this week? Looks like a young Agnico Eagle to us.
Best,
Bob Kaplan
Best,
Bob Kaplan
Larry, excellent analysis. Thank you. I am curious as to how time cycles would have overlaid on the chart. I have read of an 8 yr. cycle that shows an important turn as we speak, however, I would think that the larger the time frame the larger the + – factor. Anyway, I look forward to your postings, yet surprised as to how much more detailed the uncommon wisdom updates are in relation to The Real Wealth Report.
Robert
Dear Larry:
Thanks for your new update upon the gold trend and I have a few Qs for you.
1. Through the $XBP , http://stockcharts.com/charts/gallery.html?$XBP
I can see the trend has gone bearish which will bring gold price up in london gold market, maybe? In addition, from the $Gold: &XBP chart http://stockcharts.com/charts/gallery.html?$GOLD:$XBP
, I can learn that the trend has gone bullish. Will it affect the gold price in NY market?
2. I live in Taiwan (Taiwanese) and follow the HK gold market. However I usually predict the Asia gold price by looking at the trend of $HUI. Normally, when the trend of $HUI goes up or down, the price of gold in HK market will do the same most of the time. You see, in NY gold market, you got $HUI, in London gold market, they got $Gold: $ XBP, I was wondering if you know any chart for HK gold market? $ Gold: ?…coz I couldn’t locate any from stockcharts.com. Hopefully you can give me some advice upon this.
3. Rumor of Bank Holiday in Sept, 2009 has been spread around internet for months. What your take on this? and if it does happen in Sept… maybe, 9th, 9/9/9 =6/6/6 or the end of Sept, 2009. How will it affect the gold price? dollar devaluated?, stock market collapsed in summer, said by Hal Turner in early May, 2009 from his source saying that the elites meeting in NY has decided to bring down the U.S stock market in this summer. Well… correct me if I am wrong, the best timing to buy gold is when HUI, Crude oil and us stock are down and USD and S&P 500 are up. If the U.S stock market is doomed to crash this summer, will it bring gold price down to hell as well or it would only affect the HUI?
4. I sold my gold bullions in May,2009 and am still waiting for the chance to get in. As I have learn that gold price looks pretty promising in Sept as well as in Aug, 2009 from the Financial Forecast center http://forecasts.org/gold.htm ; however, yu mentioned in yur last update saying that you are still awaiting for the best timing to buy gold bars since the trend shows you, it’s bearish. Well… wut should I DO, Larry? wait ’till next Mon. or after Sept. 7th? by the way, next Mon. is the bank holiday in U.K. will it have any thing to do with the gold price as well?
well… English is not my native though and hopefully you can understand my Qs and offer some suggections
All the best,
Max
You say Gold could either break out higher or lower. What about doing both? Looks like today it started to break out higher but in a few days it could rapidly go the other way again.
Thanks for the education Larry. Excellent.
Stacy
I agree, that was very interesting and fulfilling to see the evidence and your analysis that supports your predictions.