Stock Incubator

[dalcindo]

GOLD - Eyeing $1,740.00

Prior two targets were successfully reached - see page 5 on my StockCharts.com public list (link in signature) for greater tech details.

While these numbers keep looking bigger, they may in fact be nothing compared to the possibility of doubling expectation from some trader friends of mine, especially as some once safe haven currencies are losing their luster (e.g.: USE, EUR, JPY), and developing countries economies are stalling with the rest of the world.

In other words, as the choice to channel all the capital flows diminish, risk aversion increase, demand for liquidity decrease and expectation of a more stable index increases. So, gold presents as the most obvious contender. I expect this crowd psychology to gain momentum, IMHO.

I do not have any position in gold, but look at the metal for directional sentiments when trading other risk-responsive Forex pairs (e.g.: JPY, CHF).

- Dalcindo