Replies to post #12340 on Mostly: Classical

[amarksp]

A New Member of the 700 Club...

"There are persuasive analytical models that have compared the growth of the money supply to the growth in the supply of gold over the past 33 years (since the U.S. went off the gold standard) and have concluded that the current fair value of gold is in the $700 range."

http://www.agileinvesting.com/html/Gold%20ETF.pdf

[Frank Pembleton]

TECHNICALS - COMEX/NYMEX metals technical indicators

 
  
                  GOLD  SILVER  PLATINUM  PALLADIUM   COPPER  
                   FEB     MAR      JAN      MAR       MAR  
                  <GCG5>  <SIH5>  <PLF5>    <PAH5>    <HGH5>  
 Close Dec. 10   $435.30  $6.743  $828.40   $194.60   132.75  
 High             439.70   7.195   836.80    199.00   133.30  
 Low              432.90   6.640   818.00    192.50   130.75  
  
 5-DAY M.A.       444.20   7.306   852.40    205.65   N/A    
 20-DAY M.A.      447.50   7.627   852.30    215.32   N/A    
 50-DAY M.A.      434.70   7.401   848.00    218.58   N/A    
  
 9-DAY R.S.I.      19.54   12.23   21.35      14.42   N/A    
 14-DAY R.S.I.     28.82   19.21   28.95      18.34   N/A    
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 Note: Data calculated from previous close. Previous high and  
 low include ACCESS trading from previous session. Indicators  
 are based on the time periods recommended by their developers  
 or commonly used by technical analysts. Moving averages are  
 simple moving averages. RSI formulas include a smoothing factor  
 utilizing an exponential moving average (EMA), determined to be  
 the industry standard. All calculations can be made using  
 Reuter Graphics or Reuter Technical Analysis products.  
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 Contract High     458.70   8.280    908.00   250.00   145.20  
 Contract Low      331.50   4.850    759.00   190.00    74.40  
 First Notice Day   N/A      N/A     Jan 01   Dec 01     N/A  
 Expiry Date       Feb 24   Mar 29   Jan 26   Mar 29   Mar 29  
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            BULLISH CONSENSUS ON December 07:   24 Month Range  
                                                   Low   Hi  
 Gold           79 from 79 on November 30           13 - 91  
 Silver         79 from 77 on November 30           13 - 89  
 Platinum       70 from 70 on November 30           14 - 95  
 Copper         65 from 73 on November 30           08 - 88  
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 * Bullish Consensus, Copyrighted, Market Vane Corporation