As per the following, the daily and weekly charts are in conflict. Also, there has been so much pro gold data today along with Gartman's quandry, one is left a little suspicious. Are we being set up one more time? Pic, ElPrimero and other technical experts here...any thoughts you have would be most appreciated. Also, don't know much about the author. sorry, i could not get the charts to post.

Graceland Updates 4am-7am
Now or Never. Face The Gold Cliff & Buy

Stewart Thomson
email: s2p3t4@sympatico.ca
Mar 11, 2009

http://www.321gold.com/editorials/th...

38. I want to draw your attention to the daily stochastics. Which are in oversold territory. There is a potential hook up on the shorter term 6,12,9 MACD series. We have descended towards the demand line of the keltner bands. These are hints of a coming nice rally. Again, the big question is whether this is the bottom before we go back over $1000, or is there more pain to come?

39. To answer that, I draw your attention to the weekly chart. Always let the weekly chart "rule" the daily. Unless you are a very short term trader. Even then, the best trades come when the short term and long term charts are telling the exact same story. When indicators and chart patterns are flashing "buy now" on all charts, you have high odds of buying at a near perfect moment.

41. I don't like what I'm seeing on the weekly chart, but keep in mind that I buy weakness. I've bought gold and gold stock all the way down, and if gold goes to 800, 700, 600, I'll be a systematic buyer all the way down there. So should you. Because if you think the gold cliff looks high now, I URGE you to understand how high that cliff will look as we move forward to much higher gold prices. The bankers know you inside out. They have been picking your pocket for hundreds of years. Your only defence is to be a buyer when they buy. To prepare for that now. Regardless of how remote the possibility is. Do NOT repeat May 2006, spring/summer 2008. Those bank games will look like molehills compared to the mountains of pain they have planned for you as gold roars higher.

42. The stochastics on the weekly chart has rolled over, and the shorter time frame MACD series has crossed into a sell signal. The uptrend line has is creaking, some would say cracked.

43. Adding it all up, we have the daily chart saying buy, the UBS bank report saying buy, and the weekly charts saying, no, not "look out below". The weekly chart is saying: Begin buying. This is your last chance to learn to buy weakness in gold. Once gold leaves the $1000 launch pad, a new era of volatility will be ushered in.