DailyMarkets.com - Gold’s 7 Parabolic C Waves Will Likely Take It To $1600 In December

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• Gold’s 7 Parabolic C Waves Will Likely Take It To $1600 In December
• Is Gold’s Recent Move As Bullish As It Seems?
• Stock Watchlist For Next Week: Eastman Chemical, Murphy Oil, Superior Energy Services, Cimarex Energy
• Coal ETFs: Increased Demand From India Set To Trigger A Rally In Coming Weeks
• That Time Of The Month

Gold’s 7 Parabolic C Waves Will Likely Take It To $1600 In December Posted: 07 Nov 2010 10:30 AM PST I believe that gold has traded in a repetitive ABCD pattern since the inception of its secular bull market in late 2001.  The C wave of the pattern has characteristically concluded with a parabolic, near vertical ascent of price.  We are currently in a C wave and I expect that our immediate future will witness a truly exciting and hair raising parabolic advance that will likely take gold to $1,600. This study will show you each of the C waves since 2001, and conclude with our … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Gold’s Recent Move As Bullish As It Seems? Posted: 07 Nov 2010 10:01 AM PST In a now-infamous 2002 speech, Ben Bernanke said: (…) The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost… Under a paper-money system, a determined government can always generate higher spending and hence positive inflation… This week in a dramatic effort to rev up a “disappointingly slow” economic recovery, the Fed said it will buy $600 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Watchlist For Next Week: Eastman Chemical, Murphy Oil, Superior Energy Services, Cimarex Energy Posted: 07 Nov 2010 09:43 AM PST There are tons of good looking setups out there, but there is a problem. And the problem is that most of them have already broken out and look overextended. That doesn’t mean that they can’t run more but I don’t like to chase stocks. So, here are a few setups that have been consolidating nicely or have yet to run up big and look good here. They are all from the basic materials sector, which has been the best performing sector lately. I have commented on the chart itself. Eastman … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coal ETFs: Increased Demand From India Set To Trigger A Rally In Coming Weeks Posted: 07 Nov 2010 09:10 AM PST Coal is a complex natural resource that is primarily used to fuel power or cement plants, two commodities that are expected to see increases in demand as global populations increase and per-capita income in developing nations increase. Increased demand for coal is already being seen in China, which accounts for nearly half of global coal demand and being used for power generation and metallurgical coal to produce steel. Now with an increase in demand in neighboring India, the two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

That Time Of The Month Posted: 07 Nov 2010 08:46 AM PST In “The Public Assistance Cycle,” I highlighted an interesting development at Wal-Mart. According to executives, sales during the first few hours on the first day of the month are “substantially and significantly higher” than on other days. That is because many of the stores’ customers are increasingly dependent on government assistance payments, most of which are paid monthly. But it seems that it’s not just the traditional Wal-Mart customer — people who traditionally don’t have much … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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