Thurs Jan 20

I now expect serious downside for Gold and Silver.
I’ve been asked to post a summary of what’s going on so here it is.
The extremely overdue equity correction has started at last. This
means USD strength – something I’ve been warning about for some
time. I’ve also warned about a serious gold and silver correction and
that’s started today as well. So the QE2 rally from August 2010 looks
like it’s finally ended.

EURUSD 2 x weekly charts hint at what’s ahead. Yes, it seems
we have another expanding wedge…
So it’s time EURUSD heads south.
GBPUSD short 1.5976
EURCAD and GBPCAD daily charts are still bullish.
The FTSE sell off today warns of further selling ahead.
GBPUSD short 1.5989 [closed 1.5987]
AUDUSD long 0.9956 [closed 0.9958]
GBPUSD short 1.5995 [closed 1.5969]
Overextended DOW / FTSE / DAX daily chart bearish warnings
continue. S&P500 gave more warning yesterday with a sell off.
GBPUSD bearish signal continues – a decent leg down is developing.
Last price 1.5925
USD strength has reappeared again for the usual reasons …
This results in Euro tracking sideways and giving mixed signals.
This will keep happening until we get the overdue dollar rally.

GBPUSD short 1.5995


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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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