Anxiety Reigns Supreme
Podcast: Download (Duration: 9:44 — 6.7MB)
Markets, metals tumble on more bad news from Europe, US
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Ross Clark
Is an investment advisor with CIBC Wood Gundy in Vancouver, Canada. He has specialized in technical analysis of the markets since the 1970’s. As a charter member of CompuTrac and then user of TradeStation he has developed trading programs and proprietary indicators. It is his belief that market timing and shifts in asset allocation can add value to investment portfolios.
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Hello, Mr. Ross Clark, I have been your fun since you post in this website..
However, this time your analysis of gold is based on the repeat of previous charts. I am thinking if the general market is going to repeat 2008 and we are facing a deflation environment then we may have gold and silver repeat 2008 not the history. Therefore your prediction is conflict with the current performance of gold and its stocks.
Mr. Ross Clark, the GDXJ has formed a head & shoulder pattern, It may go down to $22.00.
GDX formed a broading horn, and it is possible to be a broading top.
If the general market goes down I think this is possible. And for the general market we have both Dow and Transport confirmed each other for a down ward market.
Gold Stocks are the ticker for a catastrophe.