Stock Incubator

[dalcindo]

Re: $BIX - BEARISH

Next target opening down below is the 50% Fib = $106.47, unless price is able to rally, but historical resistance is coming down ever closer, reducing likelihood of any significant rally, IMHO:


$SBIX - S&P Bank Index - 5-Yr., WEEKLY Chart:


- Dalcindo


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Message in reply to:
The US Banking System is heading for a big fall
(Gold_Lunatic) Aug 24, 21:43

stockcharts.com/h-sc/ui?s=FAS&p=D&yr=1&mn=0&dy=0&id=p84120221275

http://stockcharts.com/h-sc/ui?s=$BIX&p=D&yr=1&mn=0&dy=0&id=p18197693067

Consequently, there will be a panic flight to gold and silver.






A reliable correlation: T-Bond Yields vs US$...and POG projection
(OPUS-DEI) Aug 24, 21:41

The chart is testament T-Bond Yields have danced the tango with the US$ during the last 10 yields.

http://stockcharts.com/h-sc/ui?s=$TYX&p=W&yr=10&mn=0&dy=0&id=p00566905855

The trends of T-Bond Yields and the US$ have heretofore been downward on-balance during the past decade. And IMO there is nothing on the horizon to alter this. In fact the T-Bond Yield looks to retest its Dec2008 low of 25. Consequently, the US$ Index should fall approx 30% to about 58 (if it maintains the same direct correlation with T-Bond Yields).

How might a 58 US$ Index translate to the gold price?

The Gold vs US$ chart below demonstrates that gold rises on-balance +13% for every -1% decline in the US$ Index. Therefore, this implies the gold price could theoretically rise +390%. This would suggest a gold price close to $5,000/oz.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=10&mn=0&dy=0&id=p33724276475

Frankly, I think $5,000/oz gold is much too much to expect. Nevertheless, that's what the charts and numbers imply.

Historical Note:
During Jimmy Carter's Presidency, the price of gold soared well over 400%.

Gold 1976-1979 during Carter’s Presidency
http://www.gold-eagle.com/editorials_04/images/king031504e.gif


GOLD STOCKS ORBIT DURING CARTER'S PRESIDENCY

Barron's gold Stocks Index soared over 900% during Carter's 4-year Presidency (notice chart is in Log scale) - Click chart when you see it to make larger.

http://www.sharelynx.com/chartstemp/free/zlongwlog.php?ticker=^BGMIW





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- Dalcindo