Gold Spirals Align This Weekend 3/7/09

Posted: March 7th, 2009 under Commodities, Predictions.
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Gold (GLD) has a lot of spiral alignments with this weekend including exact hits on the all time high last March (f12) and last October’s low (f8). This suggests a minor top may be in and the downward correction will resume early next week. Many people including me are expecting some sort of low in stocks next week, and this would correlate with a lower fear premium in gold.
Short/Medium Term Spirals For GLD, March 7th, 2009 - Click To Enlarge

Short/Medium Term Spirals For GLD, March 7th, 2009 – Click Chart To Enlarge

Medium/Long Term Spirals For GLD, March 7th, 2009 - Click To Enlarge

Medium/Long Term Spirals For GLD, March 7th, 2009 – Click Chart To Enlarge

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  1. […] or two, 3/10/09-3/11/09 (second chart). This coincides with similar turning point predictions in Gold and […]

    Pingback by Spiral Alignments In Oil From 2/18/09 Low — March 9, 2009 @ 8:40 pm

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