Re: Seasonals are not 100%
posted on
Mar 30, 2008 06:30PM
As usual Clive is the best indicator I have, always do the opposite of what Clive's stuff says, at least on the turns. I see technicals and wave analysis very ineffectual at present given the market intervention being experienced recently. In these circumstances fundamentals will exert and they are bullish for gold and commodities in general while being dollar bearish, nothing can change these fundamentals at present with inflation moving higher everywhere and physical declines in available inventory but they could be slowed down in a minor way by further manipulative efforts. My guess is when the shroud is lifted shortly the commodities move higher including gold, silver, copper, oil, nickel and food as well as coal.