Newmont Goldcorp Corp (NGT)

[NYBob]

chevy56 thank you, that's right - the economy is
very fragile -
ex.
two large banks -

1. Deutsche Bank and Credit Suisse Will Soon be a Problem -



2. Credit Suisse and walk through my thought process and
because it's so similar to DB -



I'm not an expert on these banks and I have not combed through their
financials.
Everything I've written above is based purely on technical analysis so
take it for what it's worth.
Regardless, their charts are scary and are telling us something
is not right under the surface.

My basic argument was that the USD and gold have been perfectly
inversely correlated for the last couple of years so whatever
direction the dollar decided to go,
gold would do the exact opposite.
After weeks of strong rallies, the USD was running headlong into
massive overhead supply on the chart.
Would the dollar continue its rally and power through?
Or was the recent move just a relief rally in a larger downtrend?
Well, we got our answer on last Friday..?..




http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121812424

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121251694


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- God Bless -